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

    688 135th St Lawton, OK 73501-3242

    • Retail properties
    • 2,850 SF
    • 52.00 lot acres
    OFF-MARKET
    Value Estimations
    $205,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1129893
    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 properties

    Property Details for 688 135th St

    Year built
    2019
    Lot size
    52.00 lot acres
    Property size
    2,850 SF
    Property type
    Retail properties
    APN
    79886
    APU
    79886

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $220,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $184,000
      Market price range: $184k - $552k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $340,000
      AUTO REPAIR, GARAGE
      $335,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.2254
    Latitude
    34.5999
    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
    $227
    $923
    $1,421
    $2,344
    -
    $8,204
    $80,160
    $88,364

    Comparable in this City

    • Value Estimation by Request
      74,539 SF

      3514 11Th St

      Distribution properties • 74,539 SF
      3514 11Th St, Lawton, OK 73501
      View Details
    • Value Estimation by Request
      9,854 SF

      502-506 Lee Blvd & 503

      Automotive properties • 9,854 SF
      502-506 Lee Blvd & 503, Lawton, OK 73501
      View Details
    • Value Estimation by Request
      4,378 SF

      502-506 Lee Blvd & 503

      Individual retail properties • 4,378 SF
      502-506 Lee Blvd & 503, Lawton, OK 73501
      View Details
    • Value Estimation
      $310,000
      16,000 SF

      5 I Ave

      NURSERY, GREENHOUSE, FLORIST • 16,000 SF
      5 I Ave, Lawton, OK 73501-2482
      View Details
    • Value Estimation by Request
      5,830 SF

      1008-1010 Gore Blvd

      Retail properties • 5,830 SF
      1008-1010 Gore Blvd, Lawton, OK 73501
      View Details
    • Value Estimation by Request
      1,500 SF

      2102-2124 Lee Blvd

      Automotive properties • 1,500 SF
      2102-2124 Lee Blvd, Lawton, OK 73501
      View Details

    Similar Nearby for Sale

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      Lawton Retail & Auto Shop Opportunity

      Prime Lawton location, 1460 sq ft, $222,000
      320 11Th St, Lawton, OK 73501
      View Details
    • $213,000
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      Lawton Retail Investment Opportunity

      Fully occupied, high-return retail space.
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    • $260,000
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      Lawton Retail Storefront Investment

      Prime Lawton location, 4,800 SF vacant storefront.
      715 11Th St, Lawton, OK 73501
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    • $185,000
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      Lawton Industrial Property: Prime Location

      Auto shop/warehouse, 5,559 sq ft, $185,000
      1202 F Ave, Lawton, OK 73501
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    • $250,000
      6,240 SF

      Lawton Auto Shop - $250K

      Prime Lawton location, 6,240 sq ft auto shop. Vacant.
      1302 2Nd St, Lawton, OK 73501
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    • $3,200,000
      17,136 SF

      Gore Blvd Shopping Center Investment

      Lawton, OK Retail Center - $3.2M
      1925 Gore Blvd, Lawton, OK 73501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      213,602 SF

      Lawton Town Center: Prime Retail Space

      Massive Retail Space, Lawton, OK - Redevelopment Opportunity
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    • $5 SF/Yr
      74,539 SF

      Airport Business Center: Lease Space

      Versatile Commercial Space: Airport Proximity
      3514 11Th St, Lawton, OK 73501
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    • $20,400
      25,000 SF

      Lawton Retail Space For Lease

      High-traffic location, ample parking. Ideal for multiple tenants.
      1313 Lee Blvd, Lawton, OK 73501
      View Details
    • $1,125 /Mo
      1,500 SF

      Retail Space on SW Lee

      1,500 SF retail space for lease on SW Lee.
      1311 SW Lee Blvd, Lawton, OK 73501
      View Details
    • $700,000
      5,066 SF

      Retail Property Near High-Traffic Intersection

      Retail property for sale or lease with high street visibility.
      2126 W Gore Blvd, Lawton, OK 73501
      View Details
    • $3,900 /Mo
      4,000 SF

      Remodeled Childcare Facility For Lease

      4,000 SF childcare facility available for lease.
      4460 SW Lee Blvd, Lawton, OK 73501
      View Details
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    688 135th St
    Lawton, OK 73501-3242
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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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