Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    602 SW B Ave Lawton, OK 73501

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    602 SW B Ave Lawton, OK 73501

    View on Map
    • Commercial land
    • 1,223 SF
    • 0.09 lot acres
    For Sale
    $183,540
    View Listing →
    Downtown Lawton Corner Lot For Sale
    $183,540

    Downtown Lawton Corner Lot

    Corner lot in high-traffic downtown Lawton location for sale.

    602 SW B Ave, Lawton, OK 73501
    View Listing
    Property ID
    US69-0526307
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 602 SW B Ave

    Year built
    1970
    Lot size
    0.09 lot acres
    Property size
    1,223 SF
    Property type
    Commercial land
    APN
    15902
    APU
    15902

    Description

    This exceptional 0.55-acre commercial land parcel presents a unique investment opportunity in the heart of Lawton, Oklahoma. Situated at the highly visible corner of 6th and B Avenue, this property boasts a prime location within the Central Business District (CBD), benefiting from significant daily vehicular and pedestrian traffic. The lot's size offers considerable flexibility for a variety of commercial developments, perfectly suited to capitalize on the bustling activity of downtown Lawton. Zoned for CBD use, this property is ready for immediate development. The address is 602 SW B Ave, Lawton, OK 73501, within Comanche County. Its strategic location ensures high visibility and accessibility, making it an ideal site for businesses seeking maximum exposure. This hard corner lot presents a rare chance to acquire a highly desirable piece of commercial real estate in a thriving urban center. The asking price is $183,540. Don't miss this opportunity to secure a prominent presence in Lawton's dynamic downtown area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.397
    Latitude
    34.606
    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
    $166
    $1,538
    $0.00
    $1,538
    -
    $16,875
    $0.00
    $16,875

    Comparable in this City

    • Value Estimation by Request
      1.79 Acres

      Lawton, OK 73501

      VACANT COMMERCIAL LAND • 1.79 Acres
      Lawton, OK 73501
      View Details
    • Value Estimation by Request

      2311 11th St

      VACANT COMMERCIAL LAND
      2311 11th St, Lawton, OK 73501-7336
      View Details
    • Value Estimation by Request
      14.55 Acres

      Lawton, OK 73501

      VACANT COMMERCIAL LAND • 1,066 SF
      Lawton, OK 73501
      View Details
    • Value Estimation by Request
      0.39 Acres

      Lawton, OK 73501

      VACANT COMMERCIAL LAND • 858 SF
      Lawton, OK 73501
      View Details
    • Value Estimation by Request
      0.17 Acres

      Lawton, OK 73501

      VACANT COMMERCIAL LAND • 1,078 SF
      Lawton, OK 73501
      View Details
    • Value Estimation by Request
      0.17 Acres

      Lawton, OK 73501

      VACANT COMMERCIAL LAND • 2,062 SF
      Lawton, OK 73501
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      123,710 SF

      Commercial Land For Sale

      Commercial land available for development.
      1104 SE 36Th St, Lawton, OK 73501
      View Details
    • Contact for pricing

      Commercial Land on Gore Blvd

      0.69 acres ready for development on high-traffic Gore Blvd.
      1 SW 13Th St, Lawton, OK 73501
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Commercial land available on the southeast corner of 5th.
      512 SW Lee Blvd, Lawton, OK 73501
      View Details
    • Contact for pricing

      Commercial Land on Gore Blvd

      Raw land with frontage on E Gore Blvd available for sale.
      1601 E Gore Blvd, Lawton, OK 73501
      View Details
    • Contact for pricing

      Commercial Land on SW Lee

      Commercial land parcel available on high-traffic SW Lee Blvd.
      309 SW Lee Blvd, Lawton, OK 73501
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      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
    • Contact for pricing
      5,325 SF

      Office Space on High-Traffic Corner

      Office space with waiting area, offices, and conference room.
      423 SW 11Th St, Lawton, OK 73501
      View Details
    • Contact for pricing

      Furnished Office Space Available

      Furnished office space in a retrofitted bank building.
      1 SW 11Th St, Lawton, OK 73501
      View Details
    • Contact for pricing
      420 SF

      Renovated Office Space Available

      Full-service lease, renovated with 24-hour access in Lawton, OK.
      608 SW D Ave, Lawton, OK 73501
      View Details
    • Contact for pricing
      5,500 SF

      Lamplighter Plaza Office/Retail Space

      5,500 SF office/retail space in Lamplighter Plaza.
      1915 W Gore Blvd, Lawton, OK 73501
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    602 SW B Ave
    Lawton, OK 73501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    602 SW B Ave, Lawton, OK, 73501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!