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    6804 Majestic Oak Blvd Lawton, OK 73505
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    6804 Majestic Oak Blvd Lawton, OK 73505

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    • Residential land & home lots
    Off-Market
    Property ID
    US69-0320519
    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

    • Oak Pointe Neighborhood / Housing Development
    • The Oaks Home Development Company / Construction Company / General Contractor

    Property Details for 6804 Majestic Oak Blvd

    Property type
    Residential land & home lots

    Description

    Lots for sale in the prestigious West Lawton neighborhood of Oak Pointe developed by The Oaks Development Company. Lots start at $55,000 with 20 lots available for $1,480,000. Oak Pointe is a premier and established neighborhood in the city of Lawton and considered by locals a premier location to reside. Lots include waterfront, corner and interior. Lots are fully complete with city streets and curbs, streetlights and city services and utilities. Oak Pointe is located in a beautiful quiet setting inside the city limits of Lawton just half a mile from Southwestern Medical Center and fire station No. 8, close to restaurants and shopping and less than 3 miles from Goodyear and Lawton Industrial Park. Oak Pointe showcases a private neighborhood lake stocked with a variety of fish ranging from catfish to largemouth bass. Other neighborhood features include sidewalks, lighted and landscaped entrances and a beautiful community gazebo. Oak Pointe features some of Lawton’s nicest homes and is a great investment opportunity for a Builder looking for a group of turn key lots ready to build on. Lots sold as a group. For more information call or text Whitney at (580) 917-2706 or Ron at (580) 678-5222.

    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
    -98.4760325
    Latitude
    34.5839518

    Comparable in this City

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      Residential Lot with Lake Views

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      Residential Lot with Lake Views

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      1.17 Acres

      Residential Lots Near Lawton, OK

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      1.17 Acres

      Residential Lots Near Lawton, OK

      Available residential lots near Lawton, OK, close to Ft. Sill.
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    Similar Nearby for Sale

    • $145,000

      Waterfront Lot on Oak Ridge Lake

      Direct waterfront lot with private lake access in Lawton, OK.
      6460 Heritage Oak Rd, Lawton, OK 73505
      View Details
    • $172,500

      Residential Lot with Lake Views

      Premier lot on Lawton's largest lake with expansive views.
      6402 SW Heritage Oak Rd, Lawton, OK 73505
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    • $95,000

      Residential Lot with Lake Views

      Ready-to-build lot in prestigious Lawton community with lake views.
      6388 Heritage Oak Rd, Lawton, OK 73505
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    • $45,000

      95 Acres in Oak Ridge

      95 acres in Lawton's Oak Ridge area for sale.
      Land Tbd Oak Rdg, Lawton, OK 73505
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      1.17 Acres

      Residential Lots Near Lawton, OK

      Residential lots available near Lawton, OK, close to Ft. Sill.
      L12 B1 Pecan Crk Est, Lawton, OK 73505
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    • Contact for pricing
      1.17 Acres

      Residential Lots Near Lawton, OK

      Available residential lots near Lawton, OK, close to Ft. Sill.
      L10 B1 Pecan Crk Est, Lawton, OK 73505
      View Details

    Similar Nearby for Lease

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      Mixed-Use Acreage for Lease

      Large mixed-use acreage available for lease in Lawton, Oklahoma.
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      Raw Land For Lease

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      Prime Retail Land Opportunity

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      9,328 SF

      Renovated Childcare Facility in Lawton, OK

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      1,890 SF

      Turnkey Office Space Available

      Turnkey office space on high traffic west Gore Blvd.
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      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
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    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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