Ardmore Medical/Commercial Corridor Property

1001 15th NW Ave, Ardmore, OK 73401

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For Sale

$1,150,000

Renovated medical/commercial property with two addresses and entrances.

Type:Commercial/Industrial

Property size:

6,016 SF

Lot size:

0.33 Acres

Price / SF:

$191/SF

HighLights

Prime location in the medical and commercial corridor of Ardmore.
Two separate addresses and entrances offer flexibility.
Recently completely renovated with new flooring, paint, and lighting.
Currently operating as the Tabor Behavioral Wellness Center.
Endless options for use due to location and layout.
Year Built: 1956

We can help!

Contact an agent

Vicki Ross

For Sale

$1,150,000

Renovated medical/commercial property with two addresses and entrances.

Type:Commercial/Industrial

Property size:

6,016 SF

Lot size:

0.33 Acres

Price / SF:

$191/SF

Added:: Nov 14, 2024
Days on Market:: 600
Last Refresh:: May 19 at 11:51 pm

Property Features for 1001 15th NW Ave

General Information

Standard status: Active
Size: 6,016 SF
Lot size: 0.33 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1956

We can help!

Contact an agent

Vicki Ross

Listing office Ross Group Real Estate Service

Listing date Nov 14, 2024

Source Exitrealty

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 Ross Group Real Estate Service

HighLights

Prime location in the medical and commercial corridor of Ardmore.
Two separate addresses and entrances offer flexibility.
Recently completely renovated with new flooring, paint, and lighting.
Currently operating as the Tabor Behavioral Wellness Center.
Endless options for use due to location and layout.
Year Built: 1956

Overview

Located in the medical and commercial corridor of Ardmore, this property offers various possibilities. It features two separate addresses and entrances. Currently operating as the Tabor Behavioral Wellness Center, the building has been recently renovated with new flooring, paint, and lighting. The property size is 6,016 square feet.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$127.8k	$21.24
− Vacancy	−$13.2k	−$2.19
EGI	$114.6k	$19.05
− OpEx	−$45.8k	−$7.62
NOI	$68.8k	$11.43

6,016 SF · lease $21.24/SF/yr · vacancy 10.30% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$982.4K

$859.6K – $1.15M (±1% cap)

NOI $68,771 @ 7.0% cap · market cap 5.98%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.54M

$1.35M – $1.80M (±1% cap)

NOI $107,999 @ 7.0% cap · market cap 9.39%

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

Property Profile Location Intelligence

Current Use by Public Records

Dr. Benjamin B. ... Physician Family Care Center Physician Wellness Center Physician Dr. Darius R. ... Physician Tabor Behavioral Health Physician

Suggested Use

Location Insight

Map
Local Demand

City: Ardmore
County: Carter
State: Oklahoma
Longitude: -97.1401138
Latitude: 34.1900476

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For sale
Medical centers
OK
Ardmore
73401
1001 15th NW Ave

What type of property is this?

Medical center - Renovated medical/commercial property with two addresses and entrances.

Where is this medical center located?

The property is located at 1001 15th NW Ave Ardmore, OK.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: Prime location in the medical and commercial corridor of Ardmore.; Two separate addresses and entrances offer flexibility.; Recently completely renovated with new flooring, paint, and lighting.