Automotive Showroom and 8-Bay
For Sale
$1,949,000
220 Holiday Dr, Ardmore, OK 73401
Former dealership and service center featuring a showroom, offices, and an 8-bay garage with extensive concrete parking.
Property Size9,154 SF
Price / SF$212.91
Days on Market47
Property Features for 220 Holiday Dr
General Information
Standard status
Active
Size
9,154 SF
Additional Details
Highway Access
Yes
Service Bays
8
Building Details
Year Built
2002
Listing Agency:
Oklahoma Land & Realty, LLC
Listed By:
Eric Taliaferro · License #171917
(580) 618-2020
Source:
Initialpointrealtyok
Added: Jul 20
Changed: Aug 16
Last Checked: Sep 4 at 8:55AM
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 Oklahoma Land & Realty, LLC
Investment Insights
Based on property information with market context.
This versatile commercial property was formerly used as a dealership and service center. It includes a spacious showroom with expansive storefront windows, multiple private offices, conference space, customer waiting areas, restrooms, and a break room with kitchenette. The service department features an 8-bay garage suited for automotive repair and related service operations, with additional concrete parking and display areas for inventory, equipment storage, and customer parking.
The property is offered for sale with exceptional visibility from Interstate 35, positioned just minutes from the interstate. It also includes a large pylon sign for advertising exposure to interstate travelers, supporting both sales and service-oriented uses.
A flexible interior layout provides room to support a range of commercial applications, including office and healthcare uses, alongside automotive service and retail activities.
The property is offered for sale with exceptional visibility from Interstate 35, positioned just minutes from the interstate. It also includes a large pylon sign for advertising exposure to interstate travelers, supporting both sales and service-oriented uses.
A flexible interior layout provides room to support a range of commercial applications, including office and healthcare uses, alongside automotive service and retail activities.
Key Highlights
- Built in 2002; former dealership and service center with commercial showroom and office space.
- 8‑bay garage supports automotive repair, fleet/truck service, equipment repair, and related uses.
- Showroom with expansive storefront windows, multiple private offices, conference space, customer waiting areas, restrooms, and break room with kitchenette.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$122,083
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,441,660
$2.4M
Cap Rate 7%
$1,744,043
$1.7M
Cap Rate 9%
$1,356,478
$1.4M
Market Conditions
NOI Build-Up for 9,154 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$194.4K $21.24/SF
− Vacancy
−$20.0K −$2.19/SF
EGI
$174.4K $19.05/SF
− OpEx
−$52.3K −$5.72/SF
NOI
$122.1K $13.34/SF
Area
Carter County, OK
Vacancy
10.30%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,441,660
Cap Rate 7%
$1,744,043
Cap Rate 9%
$1,356,478
Alternative Uses
Best Use
Industrial
$1.74M
$1.53M – $2.03M
NOI $122,083 @ 7.0% cap · market cap 6.26%
Second Best
Office B
$1.74M
$1.52M – $2.03M
NOI $121,602 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$2.35M
$2.05M – $2.74M
NOI $164,333 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Service bays
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Well-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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Carter County Ram — 3600 w broadway st, ardmore, ok 73401
- Billingsley Ford of Ardmore — 3804 W Broadway St, Ardmore, OK 73401
- Billingsley Lincoln of Ardmore Service — 3804 W Broadway St, Ardmore, OK 73401
- Carter's Car Repair — 120 Holiday Dr, Ardmore, OK 73401
- Gerber Collision & Glass — 131 Holiday Dr, Ardmore, OK 73401
Frequently Asked Questions
What type of property is this?
Auto shop - Former dealership and service center featuring a showroom, offices, and an 8-bay garage with extensive concrete parking.
Where is this auto shop located?
The property is located at 220 Holiday Dr Ardmore, OK.
What is the asking price?
The asking price for this property is $1,949,000.
What are key features of this property?
This property features: Built in 2002; former dealership and service center with commercial showroom and office space.; 8‑bay garage supports automotive repair, fleet/truck service, equipment repair, and related uses.; Showroom with expansive storefront windows, multiple private offices, conference space, customer waiting areas, restrooms, and break room with kitchenette.
