Medical Office
For Sale
$1,400,000
1221 G St NW, Ardmore, OK 73401
C1-zoned medical property near Mercy Hospital and the YMCA.
Property Size5,579 SF
Price / SF$250.94
Days on Market65
Property Features for 1221 G St NW
General Information
Standard status
Active
Size
5,579 SF
Building Details
Year Built
1970
Listing Agency:
I Sell Houses Real Estate Co
Listed By:
Kori J Thompson · License #180730
(580) 222-7811
Source:
Cheathamrealty
Added: Aug 13
Changed: Oct 5
Last Checked: Oct 7 at 1:32PM
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 I Sell Houses Real Estate Co
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office property was built in 1970 and is designated C1. Its location near Mercy Hospital and the YMCA places it within an established healthcare-oriented setting in Ardmore, Oklahoma.
The property is located at 1221 G Street NW, providing a defined address for a medical practice or related office use.
The property is located at 1221 G Street NW, providing a defined address for a medical practice or related office use.
Key Highlights
- Medical office property built in 1970
- C1 zoning
- Near Mercy Hospital
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,111
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,482,220
$1.5M
Cap Rate 7%
$1,058,729
$1.1M
Cap Rate 9%
$823,456
$823.5K
Market Conditions
NOI Build-Up for 5,579 SF
Gross rent
$120.5K $21.60/SF
− Vacancy
−$21.7K −$3.89/SF
EGI
$98.8K $17.71/SF
− OpEx
−$24.7K −$4.43/SF
NOI
$74.1K $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%
$1,482,220
Cap Rate 7%
$1,058,729
Cap Rate 9%
$823,456
Alternative Uses
Best Use
Office B
$1.06M
$926.4K – $1.24M
NOI $74,111 @ 7.0% cap · market cap 5.29%
Second Best
Healthcare Medical
$911.1K
$797.2K – $1.06M
NOI $63,776 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,154 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - C1-zoned medical property near Mercy Hospital and the YMCA.
Where is this medical office space located?
The property is located at 1221 G St NW Ardmore, OK.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Medical office property built in 1970; C1 zoning; Near Mercy Hospital
