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    Former Care Center in Helena, OK Title is generated by Realmo AI

    215 W 3rd St Helena OK USA, Helena, OK 73741

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    13,000+ sq. ft. building with 30 resident suites.

    Type:Senior Living
    Property size:
    13,398 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $8/SF
    Added:
    Jan 27, 2026
    Days on Market:
    110
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 215 W 3rd St Helena OK USA

    General Information

    Standard status
    Active
    Size
    13,398 SF
    Lot size
    0.50 Acres
    Property subtype
    Senior Living

    Building Details

    Year Built
    1966

    We can help!

    Listing Contact
    Cole J Ream

    Listing agent Cole J Ream License #OK124769

    Listing office Nicholas Commercial

    Listing date Jan 27, 2026

    Source Crexi

    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 Nicholas Commercial

    HighLights

    • 13,000+ sq. ft. building suitable for various purposes.
    • 30 resident suites with good in‑suite storage.
    • Spacious and partially furnished/updated kitchen.
    • Located on a 1/2 acre lot with public utilities.
    • Easy zoning regulations and few restrictions.
    • Potential uses include care facility, Air B&B, apartments, or storage.

    Overview

    Located in Helena, OK, the property at 215 W. 3rd St. comprises a 13,000+ sq. ft. building that formerly operated as the Gettin' Home care center. The building features 30 resident suites, divided into two wings of 15 suites each. Each suite includes spacious rooms and ample in-suite storage, with a shared 1/2 bath between two rooms. Common areas include a large front living room, a separate dining area, and a spacious, partially furnished and updated kitchen. Additional rooms include an administrative office, bathing/bathrooms, and a hair salon. The building appears to be well-maintained with only minor cosmetic issues. Potential uses for the property include a care or treatment facility, an Air B&B for visitors, a hunting camp home base, a Veterans living facility, a displaced persons facility, apartments, low income housing, or a school or trade campus. The property could also be divided for living and rental purposes. Situated on a 1/2 acre lot, the property has public utilities, easy zoning regulations, and few restrictions. Mini storage is another potential use.
    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
    -98.268074
    Latitude
    36.546168

    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
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    FAQs

    What type of property is this?
    Assisted living facility - 13,000+ sq. ft. building with 30 resident suites.
    Where is this assisted living facility located?
    The property is located at 215 W 3rd St Helena OK USA Helena, OK.
    What is the asking price?
    The asking price for this property is $109,000.
    What are key features of this property?
    This property features: 13,000+ sq. ft. building suitable for various purposes.; 30 resident suites with good in‑suite storage.; Spacious and partially furnished/updated kitchen.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Cole J Ream
    Real Estate License ID: OK124769
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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.

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    215 W 3rd St, Helena, OK, USA, Helena, OK 73741
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