Automotive Property with
For Sale
$999,870
1017 N Washington Street, Ardmore, OK 73401
Commercial Sale, Ardmore, OK
Property Size6,300 SF
Lot Size1.06 Acres
Price / SF$158.71
Days on Market158
Property Features for 1017 N Washington Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial
Accessibility
Accessible Approach with Ramp
Directions
N. Commerce and 12th AVE NW, East to N. Washington, then South to the property on the SW corner of 11th and Washington.
Standard status
Active
APN
1017NWashington73401
Size
6,300 SF
Lot size
1.06 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
loading dock
building mount sign
pole sign
Building Details
Year built
1994
Floors in Building
1
Building materials
Metal Siding
Listing Agency:
Dean Lemons & Associates
(405) 682-9505
Listed By:
Mark Graham
(940) 782-3098
Added: Apr 15
Changed: Sep 12
Last Checked: Sep 19 at 11:06AM
MLS# 1224637
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1994 metal-sided commercial property combines retail, inventory, work, warehouse, and office areas within a 6,300-square-foot building. The layout includes approximately 2,250 square feet of retail sales space, 2,184 square feet for inventory and work activities, 418 square feet of warehouse area, and 364 square feet of office space. Two bathrooms serve customers and employees, while an on-site loading dock supports receiving and operations. The property occupies approximately 1.056 acres and includes public water and public sewer service.
Located at 1017 N Washington Street in Ardmore, the property fronts a main arterial road with reported daily traffic of approximately 9,000 vehicles based on 2023 data. It is about 1 mile from State HW 77 and approximately 2.5 miles east of I-35. The offering includes the real estate, debt-free inventory, debt-free equipment, sales accounts, and business goodwill. Signage includes a building-mounted sign and a 16-foot pole sign measuring approximately 6 feet by 4 feet.
Located at 1017 N Washington Street in Ardmore, the property fronts a main arterial road with reported daily traffic of approximately 9,000 vehicles based on 2023 data. It is about 1 mile from State HW 77 and approximately 2.5 miles east of I-35. The offering includes the real estate, debt-free inventory, debt-free equipment, sales accounts, and business goodwill. Signage includes a building-mounted sign and a 16-foot pole sign measuring approximately 6 feet by 4 feet.
Key Highlights
- 6,300‑square‑foot building on approximately 1.056 acres
- 2,250 SF retail sales floor plus 2,184 SF inventory and work area
- 418 SF warehouse and 364 SF office area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$84,021
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,680,420
$1.7M
Cap Rate 7%
$1,200,300
$1.2M
Cap Rate 9%
$933,567
$933.6K
Market Conditions
NOI Build-Up for 6,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$133.8K $21.24/SF
− Vacancy
−$13.8K −$2.19/SF
EGI
$120.0K $19.05/SF
− OpEx
−$36.0K −$5.72/SF
NOI
$84.0K $13.34/SF
Area
Carter County, OK
Vacancy
10.30%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,680,420
Cap Rate 7%
$1,200,300
Cap Rate 9%
$933,567
Alternative Uses
Best Use
Industrial
$1.20M
$1.05M – $1.40M
NOI $84,021 @ 7.0% cap · market cap 8.40%
Second Best
Retail
$731.8K
$640.3K – $853.8K
NOI $51,227 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$1.62M
$1.41M – $1.88M
NOI $113,098 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
9,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73401, OK
36,744
Population
16,349
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
88%
High-School Grad
351.5 sq mi
ZIP Area
105
Density / Sq Mi
$60,288
Median Household Income
$39,005
Median Earnings
$960
Median Rent
$174,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Automotive property - Metal commercial facility with retail, work, warehouse, office, loading, and customer-accessible areas.
Where is this automotive property located?
The property is located at 1017 N Washington Street Ardmore, OK.
What is the asking price?
The asking price for this property is $999,870.
What are key features of this property?
This property features: 6,300‑square‑foot building on approximately 1.056 acres; 2,250 SF retail sales floor plus 2,184 SF inventory and work area; 418 SF warehouse and 364 SF office area
