Open-Layout Storefront
New
For Sale
$140,000
510 E St NW, Ardmore, OK 73401
Flexible commercial space with exposed brick, updated electrical service, HVAC, and on-site parking near downtown Ardmore.
Property Size1,250 SF
Lot Size0.35 Acres
Price / SF$112
Days on Market3
Property Features for 510 E St NW
General Information
Standard status
Active
Size
1,250 SF
Lot size
0.35 Acres
Zoning
RS6
Amenities
central heating and air conditioning
updated electrical panel
original exposed brick walls
durable concrete floor
bathroom with shower
storage area
attic space
Building Details
Year Built
1934
Buildings
1
Construction
brick
Listing Agency:
Adventure Realty
(580) 222-6248
Listed By:
Kelly Wilson · License #138643
Source:
Initialpointrealtyok
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 6:24PM
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 Adventure Realty
Investment Insights
Based on property information with market context.
This 1,250-square-foot storefront property occupies a 0.35-acre lot in Northwest Ardmore. Built in 1934, the building offers an open interior with original exposed brick, a concrete floor, central heating and air conditioning, and an updated electrical panel. Additional features include a bathroom with a shower, storage space, and attic area. The property is currently used by a Fujitsu business, with the mats potentially available through separate negotiation.
The site includes over five parking spaces, with the south portion of the lot designated for parking. Property lines extend four feet north of the building. The location is within minutes of downtown Ardmore. Buyers should independently confirm zoning and permitted business types with the City of Ardmore.
The site includes over five parking spaces, with the south portion of the lot designated for parking. Property lines extend four feet north of the building. The location is within minutes of downtown Ardmore. Buyers should independently confirm zoning and permitted business types with the City of Ardmore.
Key Highlights
- 1,250 SF storefront building on a 0.35‑acre lot
- Built in 1934 with original exposed brick walls
- Open interior with concrete flooring and central heating and air conditioning
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
$10,164
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
7.26%
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%
$203,280
$203.3K
Cap Rate 7%
$145,200
$145.2K
Cap Rate 9%
$112,933
$112.9K
Market Conditions
NOI Build-Up for 1,250 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
$16.5K $13.20/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$14.5K $11.62/SF
− OpEx
−$4.4K −$3.48/SF
NOI
$10.2K $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 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%
$203,280
Cap Rate 7%
$145,200
Cap Rate 9%
$112,933
Alternative Uses
Best Use
Office B
$237.2K
$207.6K – $276.8K
NOI $16,605 @ 7.0% cap · market cap 11.86%
Second Best
Retail
$145.2K
$127.1K – $169.4K
NOI $10,164 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$320.6K
$280.5K – $374.0K
NOI $22,440 @ 7.0% cap · market cap 16.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,371
Businesses Nearby
Under-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
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial space with exposed brick, updated electrical service, HVAC, and on-site parking near downtown Ardmore.
Where is this storefront property located?
The property is located at 510 E St NW Ardmore, OK.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 1,250 SF storefront building on a 0.35‑acre lot; Built in 1934 with original exposed brick walls; Open interior with concrete flooring and central heating and air conditioning
