Two-Tenant Retail Strip with
2401 NW 12th Ave, Ardmore, OK 73401
For Sale
Contact for pricing
Fully leased on an NNN basis, the property includes an end-cap suite with drive-through service.
Property Size4,184 SF
Price / SF$407.50
Days on Market8
Property Features for 2401 NW 12th Ave
General Information
Standard status
Size
Property subtype
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Site & Location
Drive-Thru
Highway Access
Additional Details
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Summit RE
Listed By:
Jason Vitorino · License TX #512565
(469) 844-8884
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 4:33PM
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 Summit RE
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Investment Insights
Based on property information with market context.
This 4,184-square-foot retail strip contains two tenant spaces and is fully occupied under NNN leases. A drive-through serves the end-cap suite. The tenants are Pho Ho Asian Fusion Cuisine and Tropical Smoothie Cafe.
The property is at 2401 NW 12th Ave in Ardmore, Oklahoma, as an outparcel to a 150,000-square-foot power center. It also has access to I-35.
The property is at 2401 NW 12th Ave in Ardmore, Oklahoma, as an outparcel to a 150,000-square-foot power center. It also has access to I-35.
Key Highlights
- 4,184 SF retail strip with two tenants
- 100% occupied under NNN leases
- Drive‑through end cap
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,796
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,920
$1.0M
Cap Rate 7%
$739,943
$739.9K
Cap Rate 9%
$575,511
$575.5K
Market Conditions
NOI Build-Up for 4,184 SF
Gross rent
$75.3K $18.00/SF
− Vacancy
−$6.3K −$1.49/SF
EGI
$69.1K $16.51/SF
− OpEx
−$17.3K −$4.13/SF
NOI
$51.8K $12.38/SF
Area
Carter County, OK
Vacancy
8.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,920
Cap Rate 7%
$739,943
Cap Rate 9%
$575,511
Alternative Uses
Best Use
Specialty Retail
$739.9K
$647.5K – $863.3K
NOI $51,796 @ 7.0% cap · market cap 3.04%
Second Best
Retail
$486.0K
$425.3K – $567.0K
NOI $34,021 @ 7.0% cap · market cap 2.00%
Theoretical Best
Office A
$1.07M
$938.9K – $1.25M
NOI $75,111 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Fully leased on an NNN basis, the property includes an end-cap suite with drive-through service.
Where is this strip mall located?
The property is located at 2401 NW 12th Ave Ardmore, OK.
What is the asking price?
The asking price for this property is $1,705,000.
What are key features of this property?
This property features: 4,184 SF retail strip with two tenants; 100% occupied under NNN leases; Drive‑through end cap
