Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1211 Commerce St Ardmore, OK 73401-1853

    • Super regional malls
    • 67,019 SF
    • 1.40 lot acres
    OFF-MARKET
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1935551
    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

    • Lulu Leopard / Boutique
    • LL Fence & Outdoor Design / Fence Contractor
    • US Marine Corps Recruiting / Military Recruiting Office
    • Tiny Tots Boutique / Children'S Clothing Store

    Property Details for 1211 Commerce St

    Year built
    1980
    Lot size
    1.40 lot acres
    Property size
    67,019 SF
    Property type
    Super regional malls
    APN
    0840-00-000-000-0-007-00
    APU
    84000000000000700

    Description

    This exceptional Class A retail center, located at the high-traffic intersection of Commerce and 12th Avenue N.W. in Ardmore, Oklahoma, offers multiple spaces for lease. Boasting over 272,754 square feet on 18.44 acres, this single-story development features 6 suites, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 10,000 square feet. Currently, 21,923 square feet are available. The property, renovated in 2014, benefits from multiple ingress/egress points, making it highly accessible for customers and employees. With a strong trade area population of 345,000 people within a 50-mile radius, this center enjoys a 91% occupancy rate, with 82% of tenants being national brands. Prominent co-tenants include Hobby Lobby, TJ Maxx, Ulta, and many others, ensuring high foot traffic and brand synergy. The property is zoned commercial and located in Carter County. A tenant allowance is offered, making this an attractive opportunity for businesses seeking a prime location in a thriving retail environment. Nearby retailers include Lowe's, Ross, and other major brands, further solidifying the area's retail strength. This is a rare opportunity to secure space in a highly successful, established retail center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $845,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ardmore
    County
    Carter
    State
    Oklahoma
    Longitude
    -97.1452
    Latitude
    34.1906
    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
    $27,558
    $18,349
    $260,524
    $278,873
    -
    $152,908
    $2,171,034
    $2,323,942

    Comparable in this City

    • Value Estimation
      $765,000
      132,170 SF

      1225 12th NW Ave

      REGIONAL SHOPPING CENTER, MALL • 132,170 SF
      1225 12th NW Ave, Ardmore, OK 73401
      View Details
    • Value Estimation
      $715,000
      24,920 SF

      1203 Commerce St

      REGIONAL SHOPPING CENTER, MALL • 24,920 SF
      1203 Commerce St, Ardmore, OK 73401-1829
      View Details
    • Value Estimation by Request
      34,384 SF

      1211 Washington St

      WHOLESALE OUTLET, DISCOUNT STORE • 34,384 SF
      1211 Washington St, Ardmore, OK 73401-6661
      View Details
    • Value Estimation
      $2,315,000
      6,624 SF

      1702 Commerce St

      SHOPPING CENTER, STRIP CENTER • 6,624 SF
      1702 Commerce St, Ardmore, OK 73401-1525
      View Details
    • Value Estimation
      $2,120,000
      10,729 SF

      2407 Purvis Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 10,729 SF
      2407 Purvis Dr, Ardmore, OK 73401-2569
      View Details
    • Value Estimation
      $390,000
      8,858 SF

      1513 Rockford Rd

      SHOPPING CENTER, STRIP CENTER • 8,858 SF
      1513 Rockford Rd, Ardmore, OK 73401-9225
      View Details

    Similar Nearby for Sale

    • $2,772,000
      4,500 SF

      AT&T Ardmore Net Lease

      High-traffic Ardmore retail investment.
      2240 12Th Ave, Ardmore, OK 73401
      View Details
    • $395,000
      4,995 SF

      Downtown Ardmore Retail Space

      High-traffic retail space, 5,000 sq ft
      620 Main St, Ardmore, OK 73401
      View Details
    • $450,000
      2,400 SF

      High-Traffic Ardmore Retail Space

      Prime Retail Location, Drive-Thru, High Visibility
      1106 Commerce St, Ardmore, OK 73401
      View Details
    • $850,000
      2.90 Acres

      Thriving Storage Park Near Lake Murray

      Profitable storage business with covered units, RV spaces, and shop.
      3100 S Commerce St, Ardmore, OK 73401
      View Details
    • $499,000
      2,124 SF

      Ardmore Restaurant - $499,000

      Prime Ardmore eatery, high-volume kitchen.
      1105 Washington St, Ardmore, OK 73401
      View Details
    • Contact for pricing
      12,927 SF

      Auto Shop with Bay Doors

      Auto shop with eight bay doors, built in 2002.
      220 Holiday Dr, Ardmore, OK 73401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      25,243 SF

      Ardmore Commons

      Power centers • 25,243 SF
      2401 12Th Ave, Ardmore, OK 73401
      View Details
    • $24 SF/Yr
      4,708 SF

      Retail Space in Ardmore, OK

      Retail space available in Ardmore, Oklahoma, near Interstate 35.
      807 N Commerce St, Ardmore, OK 73401
      View Details
    • Contact for pricing
      47,061 SF

      Ardmore Retail Center - Prime Location

      High-traffic retail space, multiple suites available.
      320 Commerce St, Ardmore, OK 73401
      View Details
    • Contact for pricing
      610 SF

      Ardmore Retail Property For Rent

      New 610 SF retail property in prime Ardmore location.
      1201 N Commerce St, Ardmore, OK 73401
      View Details
    • Contact for pricing
      177,196 SF

      Ardmore Retail Pad Sites Investment

      Prime Ardmore retail land, 5 pads available.
      0 12Th Ave, Ardmore, OK 73401
      View Details
    • $949,000
      11,600 SF

      Industrial Warehouse with Secured Yard

      11,600 SF warehouse with office, fenced yard, dock.
      215 N Rockford Rd, Ardmore, OK 73401
      View Details
    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.
    1211 Commerce St
    Ardmore, OK 73401-1853
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.