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    7144 Meers Porter Hl Lawton, OK 73507
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    Property profile & analytics

    7144 Meers Porter Hl, Lawton, OK 73507

    View on Map
    • Warehouses
    • 5,712 SF
    • 2.59 lot acres
    Off-Market
    Last Sale Aug 17, 2022
    Property ID
    US69-0829690
    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
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 7144 Meers Porter Hl

    Lot size
    2.59 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    103601
    APU
    103601

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 26, 2024 $1,400,000 Christian Stations LLC Lake Lawtonka Boad And Rv Storage L Warranty Deed —
    Jun 14, 2023 — Lake Lawtonka Boat And Rv Storage L — Deed · related $185k · Liberty National Bank
    Feb 16, 2023 — Lake Lawtonka Boat And Rv Storage L — Deed · related $878k · Liberty National Bank
    Aug 17, 2022 — Lake Lawtonka Boat And Rv Storage L Roger Crabtree Warranty Deed $468k · Arvest Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $620,000
      6.5%
      $575,000
      7%
      $535,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $736,000
      Market price range: $182k - $737k
      AI Estimate
      $665,000
      Market price range: $266k - $665k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $790,000
      OFFICE BUILDING
      $655,000
      RETAIL STORES
      $575,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4047
    Latitude
    34.6538
    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
    $8,333
    $4,505
    $75,271
    $79,776
    -
    $40,044
    $669,079
    $709,123

    Comparable in this City

    • Value Estimation
      $1,400,000
      1,980 SF

      1202 21st St

      MINI-WAREHOUSE, STORAGE
      1202 21st St, Lawton, OK 73507-4512
      View Details
    • Value Estimation
      $800,000
      20,250 SF

      206 25th St

      MINI-WAREHOUSE, STORAGE
      206 25th St, Lawton, OK 73507-7138
      View Details
    • Value Estimation by Request
      1,216 SF

      430 Wichita Dr

      MINI-WAREHOUSE, STORAGE
      430 Wichita Dr, Lawton, OK 73507
      View Details
    • Value Estimation
      $1,625,000
      1,900 SF

      2408 Ft Sill Blvd

      MINI-WAREHOUSE, STORAGE
      2408 Ft Sill Blvd, Lawton, OK 73507-2637
      View Details
    • Value Estimation by Request
      4,200 SF

      301 4th St

      MINI-WAREHOUSE, STORAGE
      301 4th St, Lawton, OK 73507
      View Details
    • Value Estimation by Request
      2,340 SF

      22851 State Hwy 58

      MINI-WAREHOUSE, STORAGE
      22851 State Hwy 58, Lawton, OK 73507-6016
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,000 SF

      High-Traffic Retail and Warehouse Opportunity

      Retail and warehouse spaces on high-traffic corner near Ft. Sill.
      1117 NW Cache Rd, Lawton, OK 73507
      View Details
    • Contact for pricing
      30,000 SF

      High-Traffic Corner Retail and Warehouses

      Retail and warehouse property on a high-traffic corner for sale.
      1127 NW Cache Rd, Lawton, OK 73507
      View Details
    • Contact for pricing
      15,640 SF

      Turn-Key Storage Units For Sale

      74 fully leased storage units near Lake Lawtonka.
      7144 NW Meers Porter Hl Rd, Lawton, OK 73507
      View Details
    • Contact for pricing

      Restaurant and Gift Shop For Sale

      Former restaurant and gift shop near downtown and Elmer Thomas Park.
      206 NW Dearborn & 215 NW Columbia, Lawton, OK 73507
      View Details
    • Contact for pricing
      2,400 SF

      Versatile Flex Space Available

      Large flex space suitable for various business needs.
      301 NE 20Th St, Lawton, OK 73507
      View Details
    • Contact for pricing
      2,400 SF

      Flex Space on NE 20th

      Flex space available for sale on 2.21 acres.
      301 NE 20Th St, Lawton, OK 73507
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Lawton Warehouses For Lease

      Two warehouses available for lease in Lawton, Oklahoma.
      2015 NW Hoover Ave, Lawton, OK 73507
      View Details
    • Contact for pricing
      2,960 SF

      Versatile Commercial Space Near Lawton

      Adaptable commercial building with showroom, office, and warehouse space.
      22972 Ok-58, Lawton, OK 73507
      View Details
    • Contact for pricing
      1,875 SF

      Retail/Office Space For Lease

      Retail or office space available in high-traffic area.
      2113 NW Oak Ave, Lawton, OK 73507
      View Details
    • Contact for pricing

      Office Space on High-Traffic Corner

      Office space for lease with redevelopment and excellent signage.
      1722 NW Cache Rd, Lawton, OK 73507
      View Details
    • Contact for pricing
      2,600 SF

      Retail/Office Space on Cache Rd

      Retail or office space available for lease on high-traffic road.
      1811 NW Cache Rd, Lawton, OK 73507
      View Details
    • Contact for pricing

      Historical Building in Redevelopment Area

      Freestanding ±8,020 SF building in shell condition for flexible use.
      201 NW Dearborn Ave, Lawton, OK 73507
      View Details
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    Lawton, OK 73507
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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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