Spa & Wellness Property with Salon
For Sale
$194,500
401 I St NW, Ardmore, OK 73401
Currently operating beauty salon with furnishings and equipment available with an acceptable offer.
Property Size1,612 SF
Price / SF$120.66
Days on Market75
Property Features for 401 I St NW
General Information
Standard status
Active
Size
1,612 SF
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Year Built
1975
Listing Agency:
Ross Group Real Estate Service
Listed By:
Callie Benson · License #206517
Source:
Cheathamrealty
Added: Jul 31
Changed: Sep 13
Last Checked: Oct 7 at 4:56PM
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 Ross Group Real Estate Service
Investment Insights
Based on property information with market context.
This spa and wellness property is currently operating as a beauty salon, providing an established commercial setting for salon-related operations. Salon equipment and furnishings may convey with an acceptable offer.
The interior layout is described as flexible, supporting potential use for retail, office, boutique, wellness, or other commercial purposes. Built in 1975, the property is located at 401 I Street NW in Ardmore, Oklahoma.
The interior layout is described as flexible, supporting potential use for retail, office, boutique, wellness, or other commercial purposes. Built in 1975, the property is located at 401 I Street NW in Ardmore, Oklahoma.
Key Highlights
- Currently operating as a beauty salon
- Salon equipment and furnishings available to convey with an acceptable offer
- Flexible layout suited to retail, office, boutique, wellness, or other commercial uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,107
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,140
$262.1K
Cap Rate 7%
$187,243
$187.2K
Cap Rate 9%
$145,633
$145.6K
Market Conditions
NOI Build-Up for 1,612 SF
Gross rent
$21.3K $13.20/SF
− Vacancy
−$2.6K −$1.58/SF
EGI
$18.7K $11.62/SF
− OpEx
−$5.6K −$3.48/SF
NOI
$13.1K $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%
$262,140
Cap Rate 7%
$187,243
Cap Rate 9%
$145,633
Alternative Uses
Best Use
Retail
$187.2K
$163.8K – $218.5K
NOI $13,107 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$413.4K
$361.7K – $482.3K
NOI $28,939 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,413
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Holland Health Chiropractic Center — 1203 W Broadway St, Ardmore, OK 73401
- Family Health Center Convenient Care Clinic — 1306 12th Ave NW, Ardmore, OK 73401
- Select Physical Therapy - Ardmore — 1202 Merrick Dr, Ardmore, OK 73401
- Southern OK Wellness — 1001 15th Ave NW, Ardmore, OK 73401
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Currently operating beauty salon with furnishings and equipment available with an acceptable offer.
Where is this spa & wellness property located?
The property is located at 401 I St NW Ardmore, OK.
What is the asking price?
The asking price for this property is $194,500.
What are key features of this property?
This property features: Currently operating as a beauty salon; Salon equipment and furnishings available to convey with an acceptable offer; Flexible layout suited to retail, office, boutique, wellness, or other commercial uses
