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Property profile & analytics
FOR SALE
Showrooms
803 SW 2Nd St Lawton, OK 73501
Individually Owned
Free & Clear
Property ID
US69-0570584
For Sale
$98,000
803 SW 2Nd St, Lawton, OK 73501
View Listing →
Property summary
AI-generated overview
This exceptional retail property, located at 803 SW 2nd Street in Lawton, Oklahoma, presents a unique investment opportunity. Priced at $167,000, the property is situated in the heart of Lawton's downtown area, benefiting from high visibility and foot traffic. The building's versatile design allows for a variety of uses, making it suitable for a convenience store, restaurant, or auto shop. The property's address is 803 SW 2nd St, Lawton, OK 73501, within Comanche County. Its precise coordinates are latitude 34.5994364 and longitude -98.3907424. This prime location offers significant potential for growth and profitability, making it an attractive investment for savvy entrepreneurs. The property is classified as retail and is currently available for purchase. The flexible layout and central location make this an ideal space for a business seeking high visibility and accessibility within a bustling urban environment. Further details regarding the property's square footage and specific features are available upon request. Don't miss this chance to own a piece of Lawton's vibrant downtown.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1932
Total area
3,200 SF
Lot
0.48 ac (21,000 SF)
APN
34994
UPID
US69-0570584
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$764k
Blend (final)
Blend
$565k
Owner & transaction history
Jarrell R Wise
Jarrell R Wise
since 2026
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$905,000
+103.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lawton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$445,000
Current use
AUTO REPAIR, GARAGE
$905,000
Change: +104% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$177 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,126
Tax year 2023
Assessed value
$19,656
Assessed 2023
Previous assessed
$19,737
-0.4% YoY
Effective rate
10.82%
On assessed value
Assessed land
$5,513
Assessed improvement
$14,143
Land market value
$49,000
Improvement market value
$125,715
Total market value
$174,715
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
1932
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
3,200 SF
Lot
0.48 ac (21,000 SF)
APN
34994
UPID
US69-0570584
Jurisdiction
COMANCHE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$445,000
AUTO REPAIR, GARAGE
Est. value
$905,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1932
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Jarrell R Wise
Individual
Free & Clear · 0 yrs held
Mailing address
203 SW H AVE, LAWTON, OK 73501-5326
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
—
Jarrell R Wise
Double Jw LLC
Warranty Deed
—
Jan 4, 2018
$150,000
Double Jw LLC
Mike A Lewis
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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