Mixed-Use Commercial
804 12th St NW Ardmore, OK 73401
New
804 12th St NW, Ardmore, OK, 73401
$225,000
For Sale
$225,000
Mixed-use commercial property with flexible space across from Mercy Hospital and near Walmart.
Property Size1,233 SF
Price / SF$182.48
Days on Market2
Property Features for 804 12th St NW
General Information
- Standard status
- Active
- Size
- 1,233 SF
Building Details
- Year Built
- 1955
Listing agency
Oklahoma Land & Realty, LLC
(580) 618-2020
Listed by
Eric Taliaferro · License #171917
Source
Initialpointrealtyok
Added: Jul 20 Updated: Jul 21 at 6:58AM Checked: Jul 21 at 6:58AM
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 Oklahoma Land & Realty, LLC
Investment Insights
Based on property information with market context.
This mixed-use commercial property offers flexible space suitable for medical, office, retail, or service-oriented use, according to the property description. The offering is presented as a versatile location supported by convenient access and ample parking, with an emphasis on visibility for daily passersby.
The property is located at 804 12th St NW in Ardmore’s commercial area, directly across from Mercy Hospital and described as moments from Walmart and other major businesses. It is positioned along highly traveled 12th Avenue NW and is stated to provide quick access to Interstate 35, supporting regional connectivity between Oklahoma City and Dallas.
Overall, the property is marketed as a commercially active site surrounded by established businesses, designed to accommodate a variety of tenant needs within the same location.
The property is located at 804 12th St NW in Ardmore’s commercial area, directly across from Mercy Hospital and described as moments from Walmart and other major businesses. It is positioned along highly traveled 12th Avenue NW and is stated to provide quick access to Interstate 35, supporting regional connectivity between Oklahoma City and Dallas.
Overall, the property is marketed as a commercially active site surrounded by established businesses, designed to accommodate a variety of tenant needs within the same location.
Key Highlights
- Mixed‑use commercial property built in 1955
- Located at 804 12th Ave NW in a high‑traffic commercial area
- Directly across from Mercy Hospital
Local Financial Insights For Office B
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 | $26.6k | $21.60 |
| − Vacancy | −$4.8k | −$3.89 |
| EGI | $21.8k | $17.71 |
| − OpEx | −$5.5k | −$4.43 |
| NOI | $16.4k | $13.28 |
1,233 SF · lease $21.60/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$234.0K
$204.7K – $273.0K
NOI $16,379 @ 7.0% cap · market cap 7.28%
Second Best
Healthcare Medical
$201.4K
$176.2K – $234.9K
NOI $14,095 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$316.2K
$276.7K – $368.9K
NOI $22,135 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hometown Insurance Agency
Insurance Agency
HomeTown Pools and Spas
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Mixed-use commercial property with flexible space across from Mercy Hospital and near Walmart.
Where is this medical office space located?
The property is located at 804 12th St NW Ardmore, OK.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Mixed‑use commercial property built in 1955; Located at 804 12th Ave NW in a high‑traffic commercial area; Directly across from Mercy Hospital
