Property profile

1001 15th NW Ave Ardmore, OK 73401

OFF-MARKET
Medical Office Space
Property ID
US69-2140551
6,472 SF 0.55 ac lot Built 1956
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,016 square foot commercial property, situated on a 0.33-acre lot in the heart of Ardmore's medical and commercial district, presents a unique investment opportunity. Currently operating as the Tabor Behavioral Wellness Center, the building has undergone a complete renovation, featuring brand new flooring, paint, and lighting throughout. The property's strategic location offers unparalleled access to a thriving patient base and ample commercial activity. A significant advantage is the presence of two distinct addresses and separate entrances, providing flexibility for various uses and potential for expansion or division. The building's recent modernization ensures immediate occupancy with minimal capital expenditure required. The asking price of $1,200,000 reflects the property's prime location, substantial size, recent renovations, and the inherent potential for diverse commercial applications within the bustling Ardmore market. This is an exceptional opportunity to acquire a turnkey medical facility or adapt the space to suit a variety of commercial needs. The dual address and entrance configuration offers significant operational advantages, making this property a truly unique and attractive investment. The property's location within the established medical and commercial corridor guarantees high visibility and accessibility.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1956
Total area 6,472 SF
Lot 0.55 ac (23,958 SF)
APN 0450-00-002-001-0-001-00
UPID US69-2140551

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

1001 15th NW Ave Ardmore, OK 73401-1810
Ardmore metro Census 892601 ARDMORE, OK MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$805k
CAP Approach CAP
$1.14M
Comparable Approach Comparable
$857k
Blend (final) Blend
$965k

Owner & transaction history

since 2022
Last sale
$750,000
1 recorded transaction
2022
$750,000

Zoning & alternative use

Top alternative use upside
Office building $1.1M +41.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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