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    Property profile & analytics

    502 Douglas Ave Lawton, OK 73501

    • Warehouses
    • 5,040 SF
    • 4.26 lot acres
    For Sale
    View listing
    $275,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0656186
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hodges Scrap Yard / Recycling Center / Scrap Metal Dealer

    Property Details for 502 Douglas Ave

    Year built
    1970
    Lot size
    4.26 lot acres
    Property size
    5,040 SF
    Property type
    Warehouses
    APN
    22865
    APU
    22865

    Description

    This ±9,350 square foot self-storage facility is available for sale at $275,000 ($29.41/SF). Located in Lawton, Oklahoma, on a 0.74-acre lot at 502 SW Douglas Ave, 73501, this property enjoys convenient access to I-44. The building is sold "as is," featuring metal studs for potential build-out and designated spaces for two restrooms. Water and sewer are not currently connected. The property's industrial zoning (I-4) allows for flexibility. Nearby businesses include FedEx Freight, Lawton Public Works, and Coleman American Moving Services. This property also presents a leasing opportunity at $2,500 per month. This is a prime opportunity for investors seeking a versatile industrial property in a well-established location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $215,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $233,000
      Market price range: $121k - $444k
      AI Estimate
      $297,000
      Market price range: $176k - $508k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $255,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.3947
    Latitude
    34.5855
    CBSA code
    30020
    CBSA name
    LAWTON, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,019
    $15,500
    $3,168
    $18,668
    -
    $137,775
    $28,163
    $165,938

    Comparable in this City

    • Value Estimation
      $245,000
      864 SF

      1801 2nd St

      WAREHOUSE, STORAGE • 864 SF
      1801 2nd St, Lawton, OK 73501
      View Details
    • Value Estimation
      $200,000
      4,360 SF

      816 2nd St

      WAREHOUSE, STORAGE • 4,360 SF
      816 2nd St, Lawton, OK 73501-2411
      View Details
    • Value Estimation
      $215,000
      5,000 SF

      822 3rd St

      WAREHOUSE, STORAGE • 5,000 SF
      822 3rd St, Lawton, OK 73501
      View Details
    • Value Estimation
      $230,000
      2,015 SF

      3324 11th St

      WAREHOUSE, STORAGE • 2,015 SF
      3324 11th St, Lawton, OK 73501-8263
      View Details
    • Value Estimation
      $190,000
      2,000 SF

      702 11th St

      WAREHOUSE, STORAGE • 2,000 SF
      702 11th St, Lawton, OK 73501-5047
      View Details
    • Value Estimation
      $230,000
      2,200 SF

      204 Smt Ave

      WAREHOUSE, STORAGE • 2,200 SF
      204 Smt Ave, Lawton, OK 73501-5365
      View Details

    Similar Nearby for Sale

    • $599,000
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      Lee Blvd Industrial Property

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    • $185,000
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      Lawton Industrial Property: Prime Location

      Auto shop/warehouse, 5,559 sq ft, $185,000
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      Warehouse with renovated offices, high ceilings, and economic incentives.
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    • $399,000
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      Industrial Warehouse with Drive-Through Doors

      4,500 SF warehouse on 0.63 acres with 12 drive-through doors.
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      Lawton Warehouse: Prime Investment

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      Lawton Industrial Property - $900K

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    Similar Nearby for Lease

    • $7,875 /Mo
      6,500 SF

      Lawton Warehouse with Covered Bays

      6,500 SF warehouse space with covered drive-in bays.
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      View Details
    • Contact for pricing
      6,000 SF

      Industrial Warehouse on Large Lot

      6,000 SF warehouse on 8.06 acres near I-44.
      1610 SW 2Nd St, Lawton, OK 73501
      View Details
    • $1,750 /Mo
      4,360 SF

      Lawton Warehouse with Office Space

      4,360 SF warehouse with office space and secured yard.
      816 SE 2Nd St, Lawton, OK 73501
      View Details
    • $39,000
      6,240 SF

      Lawton Industrial Warehouse - 6,240 SF

      Spacious Lawton warehouse, ideal for distribution. Great location & access.
      1302 2Nd St, Lawton, OK 73501
      View Details
    • $4,500 /Mo
      8,000 SF

      Lawton Industrial Warehouse with Paint Booth

      8,000 SF warehouse with paint booth and fenced yard.
      1015 SE 2Nd St, Lawton, OK 73501
      View Details
    • $45,000
      2,400 SF

      Downtown Industrial Warehouse Opportunity

      2400 SF warehouse in Lawton's downtown industrial area.
      620 SW 6Th St, Lawton, OK 73501
      View Details
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    502 Douglas Ave
    Lawton, OK 73501
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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