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    Property profile & analytics

    1118 Commerce St Ardmore, OK 73401-5005

    • Bars
    • 2,896 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimation
    $350,000
    Last Sale
    Oct 09, 2024
    $350,000
    Location Intelligence
    Property ID
    US69-1894691
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tipsy's Bar / Bar

    Property Details for 1118 Commerce St

    Year built
    1945
    Lot size
    0.58 lot acres
    Property size
    2,896 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    1385-00-042-004-0-001-00
    APU
    138500042004000100

    Description

    This 2,898 sq ft manufacturing building in Ardmore, OK, presents a unique investment opportunity. Built in 1945, this property boasts a prime location on South Commerce Street, ensuring high visibility and accessibility. A significant advantage is the dedicated parking lot, offering convenience for customers. The interior space is adaptable to various uses, allowing for customization to suit diverse business needs. Enhancements include a newly added outdoor Trex composite deck, perfect for outdoor seating or events, creating an attractive ambiance. Further improvements include a new roof installed in 2022 and a new 8700 security camera system. The property sits on a 2,898 sq ft lot and is offered at $375,000. This versatile space is ideal for entrepreneurs seeking a high-traffic location to establish a thriving business. The combination of location, recent upgrades, and adaptable interior space makes this an exceptional investment opportunity in a growing market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $340,000
      6.5%
      $375,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $400,000
      Retail
      $380,000
      Mixed-Use
      $400,000
      Hospitality
      $365,000
      Educational
      $315,000
      Residential Income
      $315,000
      Energy
      $295,000
      Income-Based Land
      $350,000
      Food Service
      $345,000

    Location Insight

    • Map
    • Local Demand
    City
    Ardmore
    County
    Carter
    State
    Oklahoma
    Longitude
    -97.1427
    Latitude
    34.159
    CBSA code
    11620
    CBSA name
    ARDMORE, OK MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,020
    $9,150
    $11,299
    $20,449
    -
    $76,248
    $94,158
    $170,406

    Comparable in this City

    • Value Estimation
      $145,000
      1,796 SF

      110 Sam Noble Pkwy

      BAR, TAVERN • 1,796 SF
      110 Sam Noble Pkwy, Ardmore, OK 73401-6630
      View Details
    • Value Estimation
      $275,000
      2,376 SF

      115 Main St

      BAR, TAVERN • 2,376 SF
      115 Main St, Ardmore, OK 73401-7010
      View Details
    • Value Estimation
      $300,000
      2,545 SF

      14307 Us Hwy 70

      BAR, TAVERN • 2,545 SF
      14307 Us Hwy 70, Ardmore, OK 73401
      View Details
    • Value Estimation by Request
      1,236 SF

      1203 Sam Noble Pkwy

      BAR, TAVERN • 1,236 SF
      1203 Sam Noble Pkwy, Ardmore, OK 73401-7150
      View Details
    • Value Estimation by Request
      3,403 SF

      1213 Commerce St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,403 SF
      1213 Commerce St, Ardmore, OK 73401-1829
      View Details
    • Value Estimation by Request
      3,720 SF

      2401 12th NW Ave

      RESTAURANT • 3,720 SF
      2401 12th NW Ave, Ardmore, OK 73401-1470
      View Details

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    Similar Nearby for Lease

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    1118 Commerce St
    Ardmore, OK 73401-5005
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    Realmo Value Estimation

    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.

    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.

    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
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