Mixed-Use Store and
4773 State Highway 53, Ardmore, OK 73401
For Sale
$425,000
A general store and restaurant occupy a purpose-built commercial property beside Ardmore Airpark.
Property Size3,184 SF
Price / SF$133.48
Days on Market70
Property Features for 4773 State Highway 53
General Information
Standard status
Size
Property subtype
Additional Details
Business Included
Building Details
Year Built
Listing Agency:
Claudia & Carolyn Realty Group
(580) 223-6842
Listed By:
Brady Norman
(580) 465-2714
Source:
Spiritrealtygroup
Added: Aug 30
Changed: Nov 6
Last Checked: Nov 6 at 2:54PM
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 Claudia & Carolyn Realty Group
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Investment Insights
Based on property information with market context.
This mixed-use property combines a general store and restaurant in a 3,184-square-foot building constructed in 2013. The business and building are offered together, with approximately five acres included; the final acreage is subject to survey.
The property is located beside Ardmore Airpark on State Highway 53 in Ardmore, Oklahoma.
The property is located beside Ardmore Airpark on State Highway 53 in Ardmore, Oklahoma.
Key Highlights
- 3,184‑square‑foot general store and restaurant building
- Built in 2013
- Approximately 5 acres included, with final acreage subject to survey
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,914
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,280
$758.3K
Cap Rate 7%
$541,629
$541.6K
Cap Rate 9%
$421,267
$421.3K
Market Conditions
NOI Build-Up for 3,184 SF
Gross rent
$67.6K $21.24/SF
− Vacancy
−$7.0K −$2.19/SF
EGI
$60.7K $19.05/SF
− OpEx
−$22.7K −$7.14/SF
NOI
$37.9K $11.91/SF
Area
Carter County, OK
Vacancy
10.30%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,280
Cap Rate 7%
$541,629
Cap Rate 9%
$421,267
Alternative Uses
Best Use
Specialty Retail
$563.1K
$492.7K – $656.9K
NOI $39,416 @ 7.0% cap · market cap 9.27%
Second Best
Mixed Use
$541.6K
$473.9K – $631.9K
NOI $37,914 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$816.6K
$714.5K – $952.7K
NOI $57,159 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
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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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A general store and restaurant occupy a purpose-built commercial property beside Ardmore Airpark.
Where is this mixed-use property located?
The property is located at 4773 State Highway 53 Ardmore, OK.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 3,184‑square‑foot general store and restaurant building; Built in 2013; Approximately 5 acres included, with final acreage subject to survey
