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 Market59
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:
Creek Price Edwards and Company - Oklahoma City
(405) 843-7474
Listed By:
Everest Ernst · License #OK 151097
(405) 830-8505
Source:
Moodyscre
Added: Aug 10
Changed: Sep 7
Last Checked: Oct 5 at 8:04PM
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 Creek 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 / Yr
$46,494
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
984
Businesses Nearby
Well-served
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Beyond The Bar CrossFit — 209 K St NW, Ardmore, OK 73401
- Family Health Center Convenient Care Clinic — 1306 12th Ave NW, Ardmore, OK 73401
- Anytime Fitness — 1513 N Rockford Rd, 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
