Historic Brick
New
For Sale
$140,000
510 E Street NW, Ardmore, OK 73401
Commercial, Ardmore, OK
Property Size1,250 SF
Lot Size0.35 Acres
Price / SF$112
Days on Market3
Property Features for 510 E Street NW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Interior features
Display Window, Vaulted Ceiling
Exterior features
Sidewalk, Storage
Elementary school district
Ardmore - Sch Dist (AD2)
Middle school district
Ardmore - Sch Dist (AD2)
High school district
Ardmore - Sch Dist (AD2)
Directions
From Broadway and Commerce in Ardmore, OK, 1/2 mile East on Main Street to E Street, 1/2 North on E Street to the subject property on the East Side of the Street.
Standard status
Active
APN
0010-00-197-002-0-001-00
Size
1,250 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ARDMORE LOTS & BLKS, BLK 197 LOT 2 LESS 20 X 20 NE/C (IRREGULAR)
Tax Annual Amount
1030
Legal Description
ARDMORE LOTS & BLKS, BLK 197 LOT 2 LESS 20 X 20 NE/C (IRREGULAR)
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
central heating and air conditioning
updated electrical panel
bathroom featuring a shower
storage area
attic space
Building Details
Year built
1934
Floors in Building
1
Flooring type
Concrete
Building materials
Brick
Additional Structures
Storage
Listing Agency:
Adventure Realty
(580) 222-6248
Listed By:
Kelly Wilson · License #138643
(580) 222-6248
Added: Aug 26
Last Checked: Aug 28 at 7:06PM
MLS# 2631757
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This historic brick storefront was built in 1934 and contains 1,250 square feet on a 0.35-acre parcel. The interior includes an open layout, display window, vaulted ceiling, original exposed brick, concrete flooring, central heating and air conditioning, and a bathroom with a shower. Storage space and attic access add functional support areas, while sidewalks serve the property frontage.
The property is located at 510 E Street NW in Ardmore, within minutes of downtown. More than five parking spaces are available on the lot, including the south lot area. The building currently functions as a Fujitsu business. Its current zoning information is inconsistent in the provided record, so prospective buyers should verify zoning and permitted business types with the City of Ardmore.
The property is located at 510 E Street NW in Ardmore, within minutes of downtown. More than five parking spaces are available on the lot, including the south lot area. The building currently functions as a Fujitsu business. Its current zoning information is inconsistent in the provided record, so prospective buyers should verify zoning and permitted business types with the City of Ardmore.
Key Highlights
- 1,250‑square‑foot storefront on a 0.35‑acre lot
- Historic brick building constructed in 1934
- Open interior with display window and vaulted ceiling
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
Retail
$145.2K
$127.1K – $169.4K
NOI $10,164 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
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
Property Profile
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Open commercial interior with central HVAC, exposed brick, concrete flooring, and on-site parking.
Where is this storefront property located?
The property is located at 510 E Street 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‑square‑foot storefront on a 0.35‑acre lot; Historic brick building constructed in 1934; Open interior with display window and vaulted ceiling
