Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3946 Carter St Ardmore, OK 73401
    Back to Search
    Property profile & analytics

    3946 Carter St Ardmore, OK 73401

    View on Map
    • Commercial real estate
    • 2,496 SF
    • 2.00 lot acres
    For Sale
    $319,500
    View Listing →
    Ardmore Church Building - Huge Potential For Sale
    $319,500
    2,496 SF

    Ardmore Church Building - Huge Potential

    Versatile Property, Endless Possibilities, Prime Location

    3946 Carter St, Ardmore, OK 73401
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3946 Carter St

    Year built
    1974
    Lot size
    2.00 lot acres
    Property size
    2,496 SF
    Property type
    Commercial real estate

    Description

    This expansive 2,496 square foot church building presents a unique investment opportunity in Ardmore, Oklahoma. Situated on a 2-acre lot just outside city limits, this property offers exceptional versatility and significant potential for various uses. Currently zoned for multi-family use, it's ideally suited for conversion into apartments or a thriving Airbnb operation. Its location in the Plainview school district is a significant advantage, attracting families and providing access to quality education. The property's proximity to the new Lakecrest Casino on Highway 70 further enhances its appeal, offering convenient access to a major entertainment and tourism hub. The building itself has served the community for many years, providing a solid foundation for its future transformation. The substantial size of the lot allows for ample parking and potential for expansion or the addition of outdoor amenities. This is a rare chance to acquire a large, well-located property with a rich history and a bright future. The possibilities are truly endless, making this an exceptional investment for discerning buyers seeking a unique and profitable venture. The property is ready for its next chapter, awaiting a visionary owner to unlock its full potential and shape its destiny. Serious inquiries are encouraged to explore this remarkable opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ardmore
    County
    Carter
    State
    Oklahoma
    Longitude
    -97.1262
    Latitude
    34.1286

    Comparable in this City

    • Value Estimation by Request
      47,061 SF

      320 Commerce St

      Retail properties & Spaces • 47,061 SF
      320 Commerce St, Ardmore, OK 73401
      View Details
    • Value Estimation by Request
      3.16 Acres

      4514 Dogwood Rd

      COMMERCIAL (GENERAL) • 3.16 Acres
      4514 Dogwood Rd, Ardmore, OK 73401
      View Details
    • Value Estimation by Request
      15.01 Acres

      355 Happy Trl Rd

      COMMERCIAL (GENERAL) • 15.01 Acres
      355 Happy Trl Rd, Ardmore, OK 73401-9166
      View Details
    • Value Estimation by Request
      2.20 Acres

      Ardmore, OK 73401

      COMMERCIAL (GENERAL) • 2.20 Acres
      Ardmore, OK 73401
      View Details
    • Value Estimation by Request
      0.40 Acres

      Ardmore, OK 73401

      COMMERCIAL (GENERAL) • 0.40 Acres
      Ardmore, OK 73401
      View Details
    • Value Estimation by Request
      2.06 Acres

      Ardmore, OK 73401

      COMMERCIAL (GENERAL) • 2.06 Acres
      Ardmore, OK 73401
      View Details

    Similar Nearby for Sale

    • $700,000
      3,390 SF

      Ardmore Glass Shop - Turnkey Business

      Established Glass Shop, High-Grossing, Turnkey Operation
      203 Sam Noble Pkwy, Ardmore, OK 73401
      View Details
    • $1,200,000
      6,016 SF

      Prime Ardmore Medical Office Building

      Spacious, renovated Ardmore medical facility.
      1001 15Th Ave, Ardmore, OK 73401
      View Details
    • $319,500
      2,496 SF

      Ardmore Church Building - Huge Potential

      Versatile Property, Endless Possibilities, Prime Location
      3946 Carter St, Ardmore, OK 73401
      View Details
    • $399,000
      5,472 SF

      Downtown Ardmore Commercial Space

      High-traffic location, 5,472 sq ft.
      201 Broadway St, Ardmore, OK 73401
      View Details
    • $750,000
      4,201 SF

      where dining

      shopping and entertainment are just steps away. Schedule your appointment today to visit this exceptional income producing property.""""}"""
      9 Main St, Ardmore, OK 73401
      View Details
    • $150,000
      20.00 Acres

      Secluded 20-Acre Wooded Land

      20 acres of wooded land perfect for hunting or homestead.
      Teal Rd, Ardmore, OK 73401
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse with Fenced Yard

      Warehouse with offices, drive-in doors, dock, and fenced yard.
      621 Industrial Dr, Ardmore, OK 73401
      View Details
    • Contact for pricing

      Commerce Plaza Retail Opportunity

      Redevelopment opportunity with remaining retail space and potential pad sites.
      320 North Commerce St, Ardmore, OK 73401
      View Details
    • Contact for pricing

      Retail Space in Ardmore Corridor

      Strip center and pads for lease in retail corridor.
      12th 12Th Ave NW, Ardmore, OK 73401
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3946 Carter St
    Ardmore, OK 73401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3946 Carter St, Ardmore, OK, 73401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!