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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Medical Office Space
1221 G NW St, Ardmore, OK 73401-1812
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US69-2002590
Property summary
AI-generated overview
This exceptional 5,579 square foot single-tenant office space in Carter County is perfectly suited for a medical practice or similar professional use. Its prime location ensures easy accessibility and ample parking for clients and staff. The welcoming reception area creates a positive first impression, while multiple exam rooms provide ample space for patient care. The property is available immediately and offers a comfortable and efficient layout designed to enhance productivity and patient experience. The monthly rent is $7,900, with a $35 application fee and an $8,000 security deposit required. This is a fantastic opportunity to establish or expand your business in a desirable location. The property's size and features make it an attractive option for medical professionals seeking a well-equipped and conveniently located space. Don't miss this chance to secure this exceptional commercial property. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1970
Total area
5,579 SF
Lot
1.86 ac (81,022 SF)
APN
0010-00-039-001-0-001-00
UPID
US69-2002590
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Jennifer Hicks, APRN-CNP Pediatrician Physician
-
Mercy Clinic Primary Care - G Street Medical Clinic
-
Dooley Laura J Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
$980k
Comparable Approach
Comparable
$832k
Blend (final)
Blend
$930k
Owner & transaction history
Ghuman Developments LLC · 3 yrs held
Ghuman Developments LLC
since 2022
Last sale
$899,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+109.7%
Office building
$940,000
+41.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ardmore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ardmore submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,155,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
$1,065,000
6.5%
$980,000
7%
$910,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$665,000
Current use
COMMERCIAL (GENERAL)
$1,400,000
Change: +110% · Conversion: Easy
OFFICE BUILDING
$940,000
Change: +41% · Conversion: Easy
RESTAURANT
$625,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$580,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $899k (Oct 31 2022)
Last sale anchor
$899k
Oct 31 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$167 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,660
Tax year 2023
Assessed value
$107,880
Assessed 2023
Previous assessed
$40,397
+167.0% YoY
Effective rate
9.88%
On assessed value
Assessed land
$29,294
Assessed improvement
$78,586
Land market value
$244,113
Improvement market value
$654,887
Total market value
$899,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1970
Heating
YES
Cooling
YES
Stories
1
Total area
5,579 SF
Lot
1.86 ac (81,022 SF)
APN
0010-00-039-001-0-001-00
UPID
US69-2002590
Jurisdiction
CARTER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$665,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$940,000
RESTAURANT
Est. value
$625,000
RETAIL STORES
Est. value
$580,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Heating
YES
Cooling
Yes
Stories
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Ghuman Developments LLC
Entity
Mailing address
2310 AUGUSTA RD, ARDMORE, OK 73401-2912
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
$899,000
Ghuman Developments LLC
George W Carlson Md INC
Warranty Deed
$1,013,189 · Bancfirst
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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