Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    701 NW Sheridan Rd Lawton, OK 73505

    Property Lookup

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

    701 NW Sheridan Rd Lawton, OK 73505

    View on Map
    • Drug stores
    • 15,232 SF
    • 1.71 lot acres
    For Sale
    $2,957,000
    View Listing →
    Walgreens Pharmacy Investment Opportunity For Sale
    $2,957,000
    15,120 SF

    Walgreens Pharmacy Investment Opportunity

    NNN leased Walgreens in Lawton, OK with long-term cash flow.

    701 NW Sheridan Rd, Lawton, OK 73505
    View Listing
    Property ID
    US69-0660222
    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

    • Walgreens / Pharmacy
    • Walgreens Pharmacy / Pharmacy
    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store

    Property Details for 701 NW Sheridan Rd

    Year built
    1998
    Lot size
    1.71 lot acres
    Property size
    15,232 SF
    Property type
    Drug stores
    APN
    31961
    APU
    31961

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,206,000
      Market price range: $945k - $2.21M
      AI Estimate
      $1,968,000
      Market price range: $622k - $1.97M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,535,000
      Current use
      COMMERCIAL (GENERAL)
      $1,940,000
      Change: +27% Conversion: Easy
      OFFICE BUILDING
      $1,755,000
      Change: +14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4215
    Latitude
    34.6164
    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
    $24,669
    $131,428
    $96,697
    $228,125
    -
    $1,168,252
    $859,530
    $2,027,782

    Comparable in this City

    • Value Estimation by Request
      2,450 SF

      7210 Cache Rd

      DRUG STORE, PHARMACY • 2,450 SF
      7210 Cache Rd, Lawton, OK 73505-2712
      View Details
    • Value Estimation by Request
      3,364 SF

      205 Sheridan Rd

      DRUG STORE, PHARMACY • 3,364 SF
      205 Sheridan Rd, Lawton, OK 73505-1518
      View Details
    • Value Estimation by Request

      1324 Sheridan Rd

      Individual retail properties
      1324 Sheridan Rd, Lawton, OK 73505
      View Details
    • Value Estimation by Request
      1,950 SF

      2322 Gore Blvd

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

      404 James St

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

      213 James St

      RETAIL STORES (PERSONAL SERVICES) • 1,621 SF
      213 James St, Lawton, OK 73505
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,120 SF

      Walgreens Pharmacy Investment Opportunity

      NNN leased Walgreens in Lawton, OK with long-term cash flow.
      701 NW Sheridan Rd, Lawton, OK 73505
      View Details
    • $145,000
      1,168 SF

      Retail Building Near Fort Sill

      Retail building in high-traffic area near Fort Sill.
      2405 NW Sheridan Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      3,320 SF

      Retail Building on High Traffic Road

      Retail building with drive-through access on a 0.45-acre parcel.
      6105 NW Cache Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      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
    • $600,000
      3,100 SF

      Remodeled Office Building, Lawton OK

      Move-in ready commercial property on high-traffic Gore Boulevard.
      2510 W Gore Blvd, Lawton, OK 73505
      View Details
    • 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

    Similar Nearby for Lease

    • $13 SF/Yr
      5,129 SF

      Retail Space For Lease

      5,129 SF retail space available in Lawton, Oklahoma.
      4019 NW Cache Rd, Lawton, OK 73505
      View Details
    • Contact for pricing

      Prime Retail Land Opportunity

      Land for ground lease in Lawton's retail hub.
      1060 Northwest 38Th St, Lawton, OK 73505
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space in Erwin Acres

      4,800 SF retail space in busy shopping center.
      1222 NW Sheridan Rd, Lawton, OK 73505
      View Details
    • $22 SF/Yr
      7,243 SF

      Cache Road Restaurant Space Available

      Spacious restaurant suite in prime location with ample parking.
      3807-A NW Cache Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      5,705 SF

      Retail Space Available For Rent

      5705 square foot retail space available for rent.
      1732 Northwest 82Nd St, Lawton, OK 73505
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Hamra Plaza

      High-traffic retail space available in Lawton, Oklahoma.
      2504 NW Cache Rd, Lawton, OK 73505
      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.
    701 NW Sheridan Rd
    Lawton, OK 73505
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!