Medical Office
1019 15th NW Ardmore, OK 73401
For Sale
Contact for pricing
Move-in ready medical office with exam rooms, three restrooms, and private parking for patient-focused practices.
Property Size1,913 SF
Price / SF$126.76
Days on Market58
Property Features for 1019 15th NW
General Information
- Standard status
- Active
- Size
- 1,913 SF
- Property subtype
- Mixed Use, Office
Building Details
- Year Built
- 1956
Listing Agency:
Tim Longest Realty
(580) 220-5723
Listed By:
Tim Longest · License #OK 178369
Source:
Crexi
Added: May 29
Changed: Jul 10
Last Checked: Jul 24 at 4:41PM
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 Tim Longest Realty
Investment Insights
Based on property information with market context.
This property at 1019 15th Avenue NW is currently operating as a doctor’s office and is designed for continued professional use. The interior includes multiple exam rooms, along with three restrooms, supporting a practical layout for patient flow. The configuration is geared toward efficient day-to-day operations and offers a move-in ready setup for a range of healthcare and related services.
The building is positioned directly across from the emergency room at Mercy Hospital, placing it in a convenient, patient-oriented setting for both staff and visitors. Access is supported by ample private parking, which helps accommodate patients and appointment traffic.
With its existing medical office functionality, this space is well suited for continued medical use as well as dental, wellness, or other professional office applications. The combination of exam room coverage, multiple restroom facilities, and dedicated parking makes it a straightforward fit for practices that want a ready-to-operate environment in a healthcare district.
The building is positioned directly across from the emergency room at Mercy Hospital, placing it in a convenient, patient-oriented setting for both staff and visitors. Access is supported by ample private parking, which helps accommodate patients and appointment traffic.
With its existing medical office functionality, this space is well suited for continued medical use as well as dental, wellness, or other professional office applications. The combination of exam room coverage, multiple restroom facilities, and dedicated parking makes it a straightforward fit for practices that want a ready-to-operate environment in a healthcare district.
Key Highlights
- Move‑in ready doctor’s office at 1019 15th Avenue NW in Ardmore’s medical district
- Designed for patient flow with multiple exam rooms and a functional office layout
- Includes three restrooms
Financial Insights For Healthcare Medical
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 | $40.6k | $21.24 |
| − Vacancy | −$4.2k | −$2.19 |
| EGI | $36.4k | $19.05 |
| − OpEx | −$14.6k | −$7.62 |
| NOI | $21.9k | $11.43 |
1,913 SF · lease $21.24/SF/yr · vacancy 10.30% · expense 40.00%
Alternative Uses
Best Use
Office B
$363.0K
$317.7K – $423.5K
NOI $25,412 @ 7.0% cap · market cap 10.48%
Second Best
Healthcare Medical
$312.4K
$273.4K – $364.5K
NOI $21,868 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$490.6K
$429.3K – $572.4K
NOI $34,342 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Weaver Clinics
Medical Clinic
Kimberly M Weaver
Physician
Baha Abu-Esheh
Physician
FAQs
What type of property is this?
Medical Office Space - Move-in ready medical office with exam rooms, three restrooms, and private parking for patient-focused practices.
Where is this medical office space located?
The property is located at 1019 15th NW Ardmore, OK.
What is the asking price?
The asking price for this property is $242,500.
What are key features of this property?
This property features: Move‑in ready doctor’s office at 1019 15th Avenue NW in Ardmore’s medical district; Designed for patient flow with multiple exam rooms and a functional office layout; Includes three restrooms
