Retail Building with Loading
1017 N Washington St Ardmore, OK 73401
For Sale
$1,197,500
Turn-key retail and warehouse property with patron restrooms and included inventory/equipment for immediate operation.
Property Size6,300 SF
Lot Size1.06 Acres
Price / SF$190.08
Days on Market99
Property Features for 1017 N Washington St
General Information
- Standard status
- Active
- Size
- 6,300 SF
- Lot size
- 1.06 Acres
Listing Agency:
Dean Lemons & Associates
(940) 782-3098
Listed By:
Mark Graham
(940) 782-3098
Source:
Exprealty
Added: Apr 16
Changed: Jul 10
Last Checked: Jul 23 at 5:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dean Lemons & Associates
Investment Insights
Based on property information with market context.
Constructed in 1994, this metal retail building is configured to support a full storefront operation with back-of-house space. The property includes approximately 2,250 square feet of retail sales floor, about 2,184 square feet of behind-the-counter inventory/stock and work-area space, 418 square feet of warehouse space, and 364 square feet of office area. There are 2 bathrooms for patrons and/or employee use, along with 1 loading dock for deliveries and receiving. Signage features a building-mounted sign and a 16-foot pole sign measuring approximately 6' x 4'. The building sits on 1.06 acres MOL. All measurements are approximate and should be verified by the buyer and/or their representative.
The property is located on a main arterial road in the heart of Ardmore, Oklahoma, approximately 1 mile from State HW 77 and about 2.5 miles east of I-35. Based on 2023 data, the daily traffic count is around 9,000 vehicles.
Offered as a business sale, the transaction includes the real estate along with debt-free inventory and debt-free equipment, plus all sales accounts and the owners’ good will and reputation built over 35 years of business relationships. This setup can fit an operator looking for an established retail platform with dedicated office space, warehousing, and supporting work areas already integrated into the facility.
The property is located on a main arterial road in the heart of Ardmore, Oklahoma, approximately 1 mile from State HW 77 and about 2.5 miles east of I-35. Based on 2023 data, the daily traffic count is around 9,000 vehicles.
Offered as a business sale, the transaction includes the real estate along with debt-free inventory and debt-free equipment, plus all sales accounts and the owners’ good will and reputation built over 35 years of business relationships. This setup can fit an operator looking for an established retail platform with dedicated office space, warehousing, and supporting work areas already integrated into the facility.
Key Highlights
- 1994 metal retail building on 1.06 acres MOL with retail, inventory/work area, warehouse, and office space
- About 2,250 SF retail sales floor plus 2,184 SF behind‑the‑counter inventory/stock and work‑area space
- Includes 418 SF warehouse space and 364 SF office area
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.2k | $13.20 |
| − Vacancy | −$10.0k | −$1.58 |
| EGI | $73.2k | $11.62 |
| − OpEx | −$22.0k | −$3.48 |
| NOI | $51.2k | $8.13 |
6,300 SF · lease $13.20/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$731.8K
$640.3K – $853.8K
NOI $51,227 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.41M – $1.88M
NOI $113,098 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
NAPA Auto Parts ...
Auto Parts Store
Carquest Auto Parts ...
Auto Parts Store
FAQs
What type of property is this?
Retail space - Turn-key retail and warehouse property with patron restrooms and included inventory/equipment for immediate operation.
Where is this retail space located?
The property is located at 1017 N Washington St Ardmore, OK.
What is the asking price?
The asking price for this property is $1,197,500.
What are key features of this property?
This property features: 1994 metal retail building on 1.06 acres MOL with retail, inventory/work area, warehouse, and office space; About 2,250 SF retail sales floor plus 2,184 SF behind‑the‑counter inventory/stock and work‑area space; Includes 418 SF warehouse space and 364 SF office area
