1601 Cache RdLawton, OK 73507

Property Details for 1601 Cache Rd

Year built

1945

Lot size

0.48 AC

Property size (Sq ft)

2,352 SF

Property type

Motels

APN

44363

APU

44363

Description

This fully equipped, 30-unit motel in Lawton, Oklahoma, presents a compelling redevelopment opportunity. Situated on a 0.48-acre lot at the hard corner of NW 16th and NW Cache Rd, just west of I-44, this C-class property boasts 9,048 square feet across two, two-story buildings. Built in 1945, the property features 31 beds and 33 keys, currently operating at 50% occupancy. The asking price is $625,000 ($69.08/sq ft). The property includes commercial signage, a slab porch with a roof, and ample private parking. Its prime location benefits from high traffic counts and proximity to established businesses such as Hibdon Tires, Wendy's, Budget Inn, Jeff's Key & Safe Shop, Junction Restaurant, and Sanders Hardware. The property is zoned C-5, offering flexibility for redevelopment. This opportunistic investment is for sale by owner and presents significant potential for increased profitability and return. The APN is 160044363.

• CAP approach

  CAP return

  Valuation

  6%

  $288,264

  6.5%

  $266,090

  7%

  $247,084

• Comparable approach

  Method

  Valuation

  Relative Method

  $240,544

  Geo Method

  $240,544

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $762,885

  Retail / Commercial

  $382,682

  Mixed-Use / Specialty

  $374,602

  Office

  $365,382

  Institutional / Educational

  $387,035

  Residential Income

  $452,831

  Multifamily

  $580,330

  Automotive / Energy

  $331,744

  Parking / Income-Based Land

  $121,116

  Restaurant / Food Service

  $180,501

  Healthcare / Senior Housing

  $391,034

Location Insight

City

Lawton

County

Comanche

State

Oklahoma

Latitude

34.6237

Longitude

-98.4139

CBSA code

30020

CBSA name

LAWTON, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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