Remodeled Brick Retail
For Sale
$300,000
813 W Broadway Street, Ardmore, OK 73401
Commercial, Ardmore, OK
Property Size3,000 SF
Lot Size0.38 Acres
Price / SF$100
Days on Market73
Property Features for 813 W Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial
Interior features
9' Ceiling Height, Display Window, Internal Expansion Area
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 corner of Broadway and Commerce, go east on Broadway to property on the left side of the road.
Standard status
Active
Size
3,000 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
from survey
Tax Annual Amount
3077
Legal Description
from survey
Utilities
Utilities
Water Available
Building Details
Year built
1940
Building materials
Brick
Additional Structures
Storage
Listing Agency:
Keller Williams Realty Ardmore
(580) 319-7425
Listed By:
Tom Love · License #68755
(580) 465-1092
Added: Jul 16
Changed: Sep 6
Last Checked: Sep 26 at 4:06AM
MLS# 2626214
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 3,000-square-foot retail building occupies the east portion of the 815 W Broadway building and is constructed with brick. The remodeled space includes 9-foot ceilings, display windows, storage, and an internal expansion area. A shared wall and existing door connection with 813 W Broadway can be closed off to separate the spaces.
The property sits on 0.377 acres and includes a sidewalk and available water service. Commercial zoning supports the property’s retail-oriented use, while the building’s 1940 construction date provides established physical improvements for an occupant or owner-user.
The property sits on 0.377 acres and includes a sidewalk and available water service. Commercial zoning supports the property’s retail-oriented use, while the building’s 1940 construction date provides established physical improvements for an occupant or owner-user.
Key Highlights
- 3,000‑square‑foot remodeled retail building
- 9‑foot ceiling height and display windows
- Internal expansion area included
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
$24,394
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
8.13%
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%
$487,880
$487.9K
Cap Rate 7%
$348,486
$348.5K
Cap Rate 9%
$271,044
$271.0K
Market Conditions
NOI Build-Up for 3,000 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
$39.6K $13.20/SF
− Vacancy
−$4.8K −$1.58/SF
EGI
$34.8K $11.62/SF
− OpEx
−$10.5K −$3.48/SF
NOI
$24.4K $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%
$487,880
Cap Rate 7%
$348,486
Cap Rate 9%
$271,044
Alternative Uses
Best Use
Retail
$348.5K
$304.9K – $406.6K
NOI $24,394 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.4K
$673.2K – $897.6K
NOI $53,856 @ 7.0% cap · market cap 17.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Commercial space with display windows, storage, and an internal area for expansion.
Where is this retail space located?
The property is located at 813 W Broadway Street Ardmore, OK.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 3,000‑square‑foot remodeled retail building; 9‑foot ceiling height and display windows; Internal expansion area included
