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    Property profile & analytics

    613 Sheridan Rd Lawton, OK 73505

    • Retail space
    • 2,400 SF
    For Sale
    View listing
    $399,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0088727
    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

    • Retail space

    Property Details for 613 Sheridan Rd

    Year built
    1968
    Property size
    2,400 SF
    Property type
    Retail space
    APN
    25008
    APU
    25008

    Description

    This 2,400 square foot freestanding building is available for lease in Lawton, Oklahoma. Situated on high-traffic Sheridan Road, experiencing over 10,000 cars daily, this property presents a unique opportunity. Previously used as a gym, the space features a large open area, a reception area, and an ADA-compliant restroom. The building sits on a 0.4-acre lot and is zoned C-5. Its convenient location places it near several established businesses, including Jackson's Laundromat, Jerry's Music Emporium, and a Stripes Convenience Store. The property is also available for purchase at $199,000. A bundled purchase option includes adjacent properties (617 and 619 SW Sheridan Rd) for $399,000. This versatile space is ideal for a variety of commercial uses, benefiting from its high visibility and convenient location in the Lawton Airport area of Comanche County, Oklahoma, zip code 73505. The property's single-tenant occupancy offers flexibility and control.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $535,000
      6.5%
      $490,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $202,000
      Market price range: $149k - $348k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $240,000
      Current use
      COMMERCIAL (GENERAL)
      $305,000
      Change: +27% Conversion: Easy
      OFFICE BUILDING
      $275,000
      Change: +14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4227
    Latitude
    34.6021
    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
    $1,552
    $7,804
    $6,545
    $14,349
    -
    $69,372
    $58,176
    $127,548

    Comparable in this City

    • Value Estimation by Request

      1324 Sheridan Rd

      Individual retail properties
      1324 Sheridan Rd, Lawton, OK 73505
      View Details
    • Value Estimation
      $350,000
      1,950 SF

      2322 Gore Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,950 SF
      2322 Gore Blvd, Lawton, OK 73505-6313
      View Details
    • Value Estimation
      $325,000
      1,800 SF

      404 James St

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      404 James St, Lawton, OK 73505
      View Details
    • Value Estimation
      $300,000
      1,621 SF

      213 James St

      RETAIL STORES (PERSONAL SERVICES) • 1,621 SF
      213 James St, Lawton, OK 73505
      View Details
    • Value Estimation
      $260,000
      1,200 SF

      217 James St

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      217 James St, Lawton, OK 73505
      View Details
    • Value Estimation by Request
      11,629 SF

      5117 Gore Blvd

      Individual retail properties • 11,629 SF
      5117 Gore Blvd, Lawton, OK 73505
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,467 SF

      Retail Building with Drive-Thru

      Multi-tenant retail building with drive-thru capability and excellent signage.
      28 NW 67Th St, Lawton, OK 73505
      View Details
    • $300,000
      4,444 SF

      Lawton Retail Storefront Investment

      Prime Lawton location, high-traffic corner. Retail & warehouse space.
      1801 Sheridan Rd, Lawton, OK 73505
      View Details
    • $399,000
      12,800 SF

      Lawton Retail Property - $399K

      12,800 SF Multi-Tenant Retail, Vacant
      613 Sheridan Rd, Lawton, OK 73505
      View Details
    • $495,000
      5,000 SF

      Lawton Retail Center: Prime Investment

      High-traffic, 100% occupied retail center.
      2608 Lee Blvd, Lawton, OK 73505
      View Details
    • $3,392,000
      40,374 SF

      Lawton Retail Center Investment

      High-Occupancy Retail Center in Lawton, OK
      4405 Cache Rd, Lawton, OK 73505
      View Details
    • $525,000
      5,600 SF

      Retail Investment Property For Sale

      Recently renovated retail building occupied by established pet grooming business.
      1302 NW 47Th St, Lawton, OK 73505
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      1,675 SF

      Retail Space with Drive-Thru

      Turnkey retail space with drive-thru on high-traffic street.
      1421 NW 67Th St, Lawton, OK 73505
      View Details
    • $1,500 /Mo
      2,400 SF

      Retail Space on Sheridan Road

      Freestanding retail building with high traffic exposure, previously a gym.
      613 SW Sheridan Rd, Lawton, OK 73505
      View Details
    • $1,500 /Mo
      2,000 SF

      Renovated Commercial Space in Lawton

      Fully renovated 2,000 sq ft space ideal for office or clinic.
      4645 W Gore Blvd, Lawton, OK 73505
      View Details
    • $21 SF/Yr
      656 SF

      Prime Sheridan Road Office Space

      656 sq ft Executive Office Suite for Lease
      1324 Sheridan Rd, Lawton, OK 73505
      View Details
    • $13 SF/Yr
      5,952 SF

      Lawton Retail Gym - High Traffic

      5,952 SF Fitness Center - West Lawton
      6416 Cache Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      1,070 SF

      Retail Space in Lawton, OK

      Retail space available in Lawton, Oklahoma near major retailers.
      1764 NW 82Nd St, Lawton, OK 73505
      View Details
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    613 Sheridan Rd
    Lawton, OK 73505
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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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