Grocery-Anchored Shopping
205 N Commerce, Ardmore, OK 73401
For Sale
Contact for pricing
The center is 96.2% occupied, with Homeland Grocer serving as its long-standing anchor.
Property Size78,582 SF
Price / SF$91.62
Days on Market28
Property Features for 205 N Commerce
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Anchor Co-Tenants
Tenant in Place
Listing Agency:
NAI RED Commercial Real Estate
(405) 840-0600
Listed By:
Samuel Dunham · License #202611
(405) 207-7286
Source:
Moodyscre
Added: Oct 13
Changed: Nov 7
Last Checked: Nov 8 at 8:52AM
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 NAI RED Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 78,582-square-foot shopping center is 96.2% occupied and anchored by Homeland Grocer, which has operated at the property since 1997. The grocery location recorded more than 373,000 annual visits and ranked 12th among 33 Homeland locations nationwide, according to Placer.ai.
Key Highlights
- 78,582‑square‑foot shopping center
- 96.2% occupancy
- Homeland Grocer has occupied the center since 1997
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$638,966
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,779,320
$12.8M
Cap Rate 7%
$9,128,086
$9.1M
Cap Rate 9%
$7,099,622
$7.1M
Market Conditions
NOI Build-Up for 78,582 SF
Gross rent
$1.04M $13.20/SF
− Vacancy
−$124.5K −$1.58/SF
EGI
$912.8K $11.62/SF
− OpEx
−$273.8K −$3.48/SF
NOI
$639.0K $8.13/SF
Area
Carter County, OK
Vacancy
12.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,779,320
Cap Rate 7%
$9,128,086
Cap Rate 9%
$7,099,622
Alternative Uses
Best Use
Specialty Retail
$13.90M
$12.16M – $16.21M
NOI $972,806 @ 7.0% cap · market cap 13.51%
Second Best
Retail
$9.13M
$7.99M – $10.65M
NOI $638,966 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$20.15M
$17.63M – $23.51M
NOI $1,410,704 @ 7.0% cap · market cap 19.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
96.2%
Occupancy
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
Balanced
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Thompson Square — Thompson Square, Ardmore, OK 73401
- Tiffany Plaza — 10 Tiffany Plaza, Ardmore, OK 73401
- Bricktown okc — NA, Ardmore, OK 73401
- Commerce Plaza — 320 N Commerce St, Ardmore, OK 73401
Frequently Asked Questions
What type of property is this?
Shopping center - The center is 96.2% occupied, with Homeland Grocer serving as its long-standing anchor.
Where is this shopping center located?
The property is located at 205 N Commerce Ardmore, OK.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: 78,582‑square‑foot shopping center; 96.2% occupancy; Homeland Grocer has occupied the center since 1997
