Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1001 15Th Ave NW Ardmore, OK 73401

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Renovated medical/commercial property with two addresses and entrances.

    Property size:
    6,016 SF
    Lot size:
    0.33 Acres

    Property Features for 1001 15Th Ave NW

    General Information

    Standard status
    Active
    Size
    6,016 SF
    Lot size
    0.33 Acres

    Building Details

    Year built
    1956

    We can help!

    Listing Contact
    Vicki Ross
    Source: Exitrealty

    Listing Agency: Ross Group Real Estate Service Listing Agent: Vicki Ross

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Ardmore Medical/Commercial Corridor Property

    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.
    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

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ardmore
    County
    Carter
    State
    Oklahoma
    Longitude
    -97.1401138
    Latitude
    34.1900476

    Nearby Similar for Sale

    • $1,400,000
      8,698 SF

      Historic Mixed-Use Facility in Ardmore

      Renovated historic building in the Depot District, Ardmore, Oklahoma.
      117 Caddo St, Ardmore, OK 73401
      View Details
    • $1,000,000
      10,543 SF

      Commercial Building in Ardmore, OK

      Commercial building with large rooms, kitchen, and dining area.
      1032 Cherry St, Ardmore, OK 73401
      View Details
    • $675,000
      5,920 SF

      Versatile Commercial Complex in Ardmore

      Multi-tenant commercial property with income potential and convenient location.
      607 S Lake Murray Dr, Ardmore, OK 73401
      View Details
    • $725,000

      Prime Commercial Property - Ardmore, OK

      High-visibility commercial property near I-35 with strong customer base.
      2611 West Broadway St, Ardmore, OK 73401
      View Details
    • $850,000
      30,092 SF

      Thriving Storage Park Near Lake

      Profitable storage business with high demand and expansion potential.
      3100 S Commerce St, Ardmore, OK 73401
      View Details
    • $600,000
      0.89 Acres

      Commercial Buildings with Machinery Included

      Two commercial buildings with equipment near Valero Refinery in Ardmore.
      1512 Refinery Rd, Ardmore, OK 73401
      View Details
    • $250,000
      3,200 SF

      Metal Building on Fenced Land

      3,200 SF metal building on 2.18 acres.
      1496 Us Highway 77, Ardmore, OK 73401
      View Details
    • $58,000
      1,750 SF

      Ardmore Self-Storage Investment Opportunity

      Self-storage property with 7 units in a convenient location.
      327 6Th Ave SW, Ardmore, OK 73401
      View Details
    • $150,000
      1,380 SF

      Commercial Property Near UPS

      Commercial property for sale, located near the highway.
      15550 Us Highway 70, Ardmore, OK 73401
      View Details
    • $250,000
      0.22 Acres

      Ardmore Commercial Parking Lot

      Downtown Ardmore parking lot with monthly rental income.
      A St NW, Ardmore, OK 73401
      View Details
    • Contact for pricing
      5,696 SF

      Versatile Commercial Building in Ardmore

      5,696 SF commercial building in high-traffic medical district.
      2400 N Commerce St, Ardmore, OK 73401
      View Details
    • $339,900

      Barndominium Near Lake Murray

      6500sf barndominium on 3.03 acres near Lake Murray State Park.
      199 Shadow Ln, Ardmore, OK 73401
      View Details

    FAQs

    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 Ave NW Ardmore, OK.
    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.
    (580) 223-2100
    Request Owner's contact information
    1001 15Th Ave NW Ardmore, OK 73401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1001 15Th Ave NW
    Ardmore, OK 73401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1001 15Th Ave NW Ardmore, OK 73401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Vicki Ross
    Real Estate License ID: 208829
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!