301 I Street NW, Ardmore, OK 73401
Strip mall in Ardmore with long-term tenants and growth potential.
- Added:
- Mar 6, 2026
- Days on Market:
- 97
- Last Refresh:
- Mar 16 at 3:19 pm
Property Features for 301 I Street NW
General Information
- Standard status
- Active
- Size
- 3,880 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1970
Listing agent Peggie Simpler License #30974
Listing office Turn Key Real Estate
Listing date Mar 6, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Turn Key Real Estate
HighLights
- Excellent visibility and access in the center of Ardmore.
- Located in a regional hub with a large retail trade area (350,000+ people).
- Features 5 rental spaces.
- Two long‑term tenants (20+ years) demonstrate stability.
- Month‑to‑month leases offer flexibility for rental adjustments.
- Stable income with room for growth for investors.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.2k | $13.20 |
| − Vacancy | −$6.1k | −$1.58 |
| EGI | $45.1k | $11.62 |
| − OpEx | −$13.5k | −$3.48 |
| NOI | $31.5k | $8.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ardmore
- County
- Carter
- State
- Oklahoma
- Longitude
- -97.138591
- Latitude
- 34.1785305
