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    215 W 3Rd St Helena, OK 73741

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    For Sale
    $109,900

    215 W. 3rd St. - Helena, OK 30 suite care facility

    Property size:
    6,400 SF
    Lot size:
    0.96 Acres
    Added:
    Dec 19, 2025
    Days on Market:
    102
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 215 W 3Rd St

    General Information

    Standard status
    Active
    Property type
    Nursing homes, Senior Housing / Retirement Homes
    Size
    6,400 SF
    Class
    C
    Elevators
    N/A
    Lot size
    0.96 Acres

    Building Details

    Year Built
    1966
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Cole Ream

    Listing agent Cole

    Listing office

    Listing date Dec 19, 2025

    Overview

    Helena, OK Care Facility

    Located in Helena, Oklahoma, the property at 215 W. 3rd St. is a former care or nursing center. The building has 6,400+ sq. ft. and features 30 resident suites, divided into two wings with 15 suites each. Suites share a half bath between two rooms, and the rooms offer ample in-suite storage. Common areas include a front living room, a separate dining area, and a spacious, partially furnished and updated kitchen. Ancillary rooms include an administrative office, bathing/bathrooms, and a hair salon. The building appears to be well-maintained with only minor cosmetic issues. The property is situated on a lot that is just under 1 acre and has public utilities. It is suitable for various uses, including a care or treatment facility, an Air B&B, a hunting camp home base, a Veterans living facility, a displaced persons facility, apartments, low-income housing, a school or trade campus, or a physical/specialized rehabilitation center. The space could also be divided for living and rental purposes. The zoning regulations are easy, and there are few restrictions. Mini storage is also a potential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Now or Never Outfitters, ... Charitable Organization

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon Auto Parts Store Food Market Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Great Plains Care Center — 201 3rd St, Helena, OK 73741

    Location Insight

    • Map
    • Local Demand
    City
    Helena
    County
    Alfalfa
    State
    Oklahoma
    Longitude
    -98.2687471
    Latitude
    36.5461179

    Nearby Similar for Sale

    • $109,900
      13,398 SF

      Former Gettin' Home Care / Nursing Center - Helena, OK

      Former care center with 30 suites on a 0.96-acre lot.
      215 W 3Rd St, Helena, OK 73741
      View Details
    • $1.00
      6,000 SF

      Helena Retail Opportunity

      6,000 sqft retail property in Helena, Oklahoma.
      215 3Rd St, Helena, OK 73741
      View Details
    • $109,000
      13,398 SF

      Former Care Center in Helena, OK

      13,000+ sq. ft. building with 30 resident suites.
      215 W 3rd St, Helena, OK, USA, Helena, OK 73741
      View Details

    FAQs

    What type of property is this?
    Nursing home - 215 W. 3rd St. - Helena, OK 30 suite care facility
    Where is this nursing home located?
    The property is located at 215 W 3Rd St Helena, OK.
    What is the asking price?
    The asking price for this property is $109,900.
    (580) 484-8401
    We can help!
    Listing Contact
    Cole Ream
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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