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    Property profile & analytics
    OFF-MARKET Estimated value $555,000
    Strip malls

    502 Sheridan Rd, Lawton, OK 73505-6505

    13,771 SF 0.92 ac lot Built 1987
    Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US69-0549993
    Property summary
    AI-generated overview

    This exceptional Lawton, Oklahoma commercial property, located at 502 NW Sheridan Rd, zip code 73505, offers multiple suites ideal for a variety of businesses. The building, constructed in 1987, boasts a total of 13,771 square feet and is classified as Class C. Currently, there are two available spaces ranging from a minimum of 1,400 square feet to a maximum contiguous space of 2,045 square feet. The property is zoned C-5, allowing for diverse commercial uses. Its versatile nature makes it suitable for medical offices, creative office spaces, traditional office setups, or even salons, reflecting its diverse subtype designations. The building enjoys a highly visible location on one of Lawton's busiest thoroughfares, situated conveniently near the intersection of Sheridan Road and Ferris Avenue. Recent exterior renovations have given the property a fresh, modern look. This presents a unique opportunity for businesses seeking a well-located, adaptable space in a thriving Lawton commercial district. The minimum divisible space is 1,400 square feet, providing flexibility for smaller businesses, while larger tenants can occupy up to 2,045 contiguous square feet.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1987
    Construction BRICK
    Total area 13,771 SF
    Lot 0.92 ac (40,075 SF)
    APN 44758
    UPID US69-0549993
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Rental Properties Apartment Building
    • Advanced Hearing Aids Inc Medical Clinic
    • Salt - Spin and Fitness Studio, LLC Cycling Facility Gym & Fitness Center
    • Trade Finance Company Financial Advisor
    • Martus Stone General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $445k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $672k
    Blend (final) Blend
    $555k
    Owner & transaction history
    Martus Stone Oklahoma LLC · 2 yrs held
    Martus Stone Oklahoma LLC
    since 2023
    3 recorded transactions
    2023
    $478,000
    2023
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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