Fitness Center with
For Sale
Contact for pricing
1105 Walnut Dr W, Ardmore, OK 73401
Existing mirrored studio, sprung flooring, ballet barres, offices, and reception areas support dance, wellness, and fitness programming.
Property Size3,500 SF
Price / SF$185.71
Days on Market8
Property Features for 1105 Walnut Dr W
General Information
Standard status
Active
Size
3,500 SF
Property subtype
RETAIL
Amenities
covered entry portico
Building Details
Buildings
1
Building Size
3,500 SF
Construction
brick
Listing Agency:
Price Edwards and Company - Oklahoma City
(405) 830-8505
Listed By:
Everest Ernst · License #OK 151097
(405) 830-8505
Source:
Moodyscre
Added: Aug 10
Changed: Aug 14
Last Checked: Aug 17 at 5:59AM
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 Price Edwards and Company - Oklahoma City
Investment Insights
Based on property information with market context.
This 3,500-square-foot commercial building at 1105 Walnut Dr W in Ardmore, Oklahoma, is configured for fitness, studio, wellness, and related creative uses. The primary open room includes sprung dance flooring, full-length mirrors, and installed ballet barres. A reception and retail area, lobby, private offices, and additional flex rooms provide space for administration, storage, or class preparation.
The building presents a classic brick exterior with a covered entry portico. Bright, well-maintained interior finishes and the existing studio improvements support continued dance instruction or adaptation for yoga, Pilates, martial arts, and other fitness programming. Its location is identified as Ardmore’s retail corridor.
The building presents a classic brick exterior with a covered entry portico. Bright, well-maintained interior finishes and the existing studio improvements support continued dance instruction or adaptation for yoga, Pilates, martial arts, and other fitness programming. Its location is identified as Ardmore’s retail corridor.
Key Highlights
- 3,500 SF commercial building
- Open studio with sprung dance flooring, full‑length mirrored walls, and ballet barres
- Reception and retail area with lobby and private offices
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
$46,494
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
7.15%
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%
$929,880
$929.9K
Cap Rate 7%
$664,200
$664.2K
Cap Rate 9%
$516,600
$516.6K
Market Conditions
NOI Build-Up for 3,500 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
$75.6K $21.60/SF
− Vacancy
−$13.6K −$3.89/SF
EGI
$62.0K $17.71/SF
− OpEx
−$15.5K −$4.43/SF
NOI
$46.5K $13.28/SF
Area
Carter County, OK
Vacancy
18.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$929,880
Cap Rate 7%
$664,200
Cap Rate 9%
$516,600
Alternative Uses
Best Use
Office B
$664.2K
$581.2K – $774.9K
NOI $46,494 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$897.6K
$785.4K – $1.05M
NOI $62,832 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,075
Businesses Nearby
Well-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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Anytime Fitness — 1513 N Rockford Rd, Ardmore, OK 73401
- Beyond The Bar CrossFit — 209 K St NW, Ardmore, OK 73401
- Family Health Center Convenient Care Clinic — 1306 12th Ave NW, Ardmore, OK 73401
- Select Physical Therapy - Ardmore — 1202 Merrick Dr, Ardmore, OK 73401
- Southern OK Wellness — 1001 15th Ave NW, Ardmore, OK 73401
Frequently Asked Questions
What type of property is this?
Fitness center & gym - Existing mirrored studio, sprung flooring, ballet barres, offices, and reception areas support dance, wellness, and fitness programming.
Where is this fitness center & gym located?
The property is located at 1105 Walnut Dr W Ardmore, OK.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,500 SF commercial building; Open studio with sprung dance flooring, full‑length mirrored walls, and ballet barres; Reception and retail area with lobby and private offices
