Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1216 Hartford Ave Ponca City, OK 74601-2060
    Back to Search
    Property profile & analytics

    1216 Hartford Ave, Ponca City, OK 74601-2060

    View on Map
    • Medical Office Space
    • 3,759 SF
    • 0.43 lot acres
    Off-Market
    Last Sale Feb 11, 2020
    $274,000
    Property ID
    US69-0303821
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Beautiful Smiles / Dental Office
    • Dr. Roger Andrews / Dental Office
    • William Weber / Dental Office
    • Ponca City Dental / Dental Office
    • Edward Jones - Financial Advisor: Judy R Eckholt / Financial Advisor

    Property Details for 1216 Hartford Ave

    Year built
    1985
    Lot size
    0.43 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    0030-00-001-000-0-002-00
    APU
    3000001000000200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ponca City
    County
    Kay
    State
    Oklahoma
    Longitude
    -97.0685
    Latitude
    36.7235
    CBSA code
    38620
    CBSA name
    PONCA CITY, 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
    $3,052
    $3,674
    $27,973
    $31,647
    -
    $33,397
    $254,701
    $288,098

    Comparable in this City

    • Value Estimation by Request
      7,740 SF

      1717 4th St

      MEDICAL BUILDING
      1717 4th St, Ponca City, OK 74601-2748
      View Details
    • Value Estimation by Request
      1,566 SF

      101 Broadway Ave

      MEDICAL BUILDING
      101 Broadway Ave, Ponca City, OK 74601-4302
      View Details
    • Value Estimation by Request
      3,354 SF

      215 3rd St

      MEDICAL BUILDING
      215 3rd St, Ponca City, OK 74601-4335
      View Details
    • Value Estimation by Request
      2,712 SF

      827 Hubbard Rd

      MEDICAL BUILDING
      827 Hubbard Rd, Ponca City, OK 74601-1156
      View Details
    • Value Estimation by Request
      1,853 SF

      419 Fairview Ave

      MEDICAL BUILDING
      419 Fairview Ave, Ponca City, OK 74601-1941
      View Details
    • Value Estimation
      $1,555,000
      16,020 SF

      433 Fairview Ave

      MEDICAL BUILDING
      433 Fairview Ave, Ponca City, OK 74601-1923
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,146 SF

      Versatile Commercial Building For Sale

      3,146 SF commercial building suitable for medical or business use.
      417 Fairview Ave, Ponca City, OK 74601
      View Details
    • Contact for pricing
      20,908 SF

      Adaptable Building on Grand Avenue

      Prime location suitable for offices, medical services, or training.
      702 Grand Ave E, Ponca City, OK 74601
      View Details
    • $130,000
      4,744 SF

      Commercial Property With Established Tenants

      Income-producing commercial property in a high-traffic area with established tenants.
      319 W Highland Ave, Ponca City, OK 74601
      View Details
    • Contact for pricing
      4,906 SF

      Convenience Store with Manager Housing

      High-visibility convenience store with living quarters near Industrial Park.
      3151 W North Ave, Ponca City, OK 74601
      View Details
    • $115,000
      3.97 Acres

      Buildable Homesite Near Vera, Oklahoma

      3.97 acre homesite near US-75 in Washington County.
      4 4050 Cir, Ramona, OK 74601
      View Details
    • Contact for pricing
      0.32 Acres

      Land For Sale in Ponca

      Land available for sale, owner financing options.
      938 S 13Th St, Ponca City, OK 74601
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space Available

      Medical office space near Integris Hospital, ready for occupancy.
      900 E Hartford Ave, Ponca City, OK 74601
      View Details
    • Contact for pricing
      39,000 SF

      New Manufacturing Facility For Lease

      New construction industrial building with manufacturing and office space.
      2201 Hall Blvd, Ponca City, OK 74601
      View Details
    • $20 SF/Yr

      Retail Space Near Walmart

      Retail space for rent located near a Walmart Supercenter.
      901 E Prospect Ave, Ponca City, OK 74601
      View Details
    • Contact for pricing

      Freestanding Restaurant Building with Drive-Thru

      2,616 SF freestanding building with drive-thru and restaurant improvements.
      700 North 1St St, Ponca City, OK 74601
      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.
    1216 Hartford Ave
    Ponca City, OK 74601-2060
    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
    1216 Hartford Ave, Ponca City, OK, 74601
    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!