Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1505 Commerce St Ardmore, OK 73401-1863

    • Office buildings
    • 12,890 SF
    • 1.78 lot acres
    OFF-MARKET
    Value Estimations
    $2,925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1812306
    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

    • Jeni Merrick / Physician
    • The Computing Edge / Computer & Electronic Repair
    • Bane Bigbie Energy Center / Accounting Firm / Tax Preparation
    • DEREK SMITH / Physician
    • Dr. Parker Truong / Physician

    Property Details for 1505 Commerce St

    Year built
    1984
    Lot size
    1.78 lot acres
    Property size
    12,890 SF
    Property type
    Office buildings
    APN
    0030-00-001-001-0-001-00
    APU
    3000001001000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,045,000
      6.5%
      $2,810,000
      7%
      $2,610,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,747,000
      Market price range: $928k - $2.87M
      AI Estimate
      $3,211,000
      Market price range: $1.19M - $3.21M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,815,000
      Current use
      RESTAURANT
      $3,245,000
      Change: +79% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Ardmore
    County
    Carter
    State
    Oklahoma
    Longitude
    -97.1439
    Latitude
    34.1914
    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
    $19,825
    $8,412
    $192,211
    $200,623
    -
    $155,214
    $3,399,549
    $3,554,763

    Comparable in this City

    • Value Estimation by Request
      2,210 SF

      130 C NW St

      OFFICE BUILDING • 2,210 SF
      130 C NW St, Ardmore, OK 73401-6240
      View Details
    • Value Estimation by Request
      640 SF

      2018 Commerce St

      OFFICE BUILDING • 640 SF
      2018 Commerce St, Ardmore, OK 73401
      View Details
    • Value Estimation by Request
      576 SF

      221 Sam Noble Pkwy

      OFFICE BUILDING • 576 SF
      221 Sam Noble Pkwy, Ardmore, OK 73401-6631
      View Details
    • Value Estimation by Request
      1,292 SF

      1175 Serenity Loop

      OFFICE BUILDING • 1,292 SF
      1175 Serenity Loop, Ardmore, OK 73401-2285
      View Details
    • Value Estimation by Request
      5,026 SF

      222 Stanley SW St

      OFFICE BUILDING • 5,026 SF
      222 Stanley SW St, Ardmore, OK 73401-6306
      View Details
    • Value Estimation by Request
      1,632 SF

      Ledger Ln

      OFFICE BUILDING • 1,632 SF
      Ledger Ln, Ardmore, OK 73401
      View Details

    Similar Nearby for Sale

    • $5,445,400
      17,502 SF

      Multi-Tenant Office Building For Sale

      Multi-tenant office building with 6.00% CAP rate, 17,502 SqFt.
      1817 Rockford Rd, Ardmore, OK 73401
      View Details
    • Contact for pricing
      5,473 SF

      Professional Office Building For Sale

      Large professional office building with versatile layout and ample parking.
      817 Elks Blvd, Ardmore, OK 73401
      View Details
    • $875,000
      18,034 SF

      Historic Ardmore Building with Parking

      18,000 sq ft historic building with 75-space parking lot.
      27 W Broadway St, Ardmore, OK 73401
      View Details
    • $1,000,000
      10,543 SF

      Commercial Building in NW Ardmore

      Commercial building with kitchen, dining area, offices, and storage.
      1032 Cherry St, Ardmore, OK 73401
      View Details
    • Contact for pricing
      1,150 SF

      Commercial/Light Industrial Shop for Sale

      Commercial/light industrial shop, currently rented to a dog groomer.
      1410 Q St NE, Ardmore, OK 73401
      View Details
    • $675,000
      5,920 SF

      Versatile Commercial Complex in Ardmore

      Multi-tenant commercial property with income potential and convenient location.
      607 S Lake Murray Dr, Ardmore, OK 73401
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse with Fenced Yard

      Warehouse with offices, drive-in doors, dock, and fenced yard.
      621 Industrial Dr, Ardmore, OK 73401
      View Details
    • Contact for pricing

      Commerce Plaza Retail Opportunity

      Redevelopment opportunity with remaining retail space and potential pad sites.
      320 North Commerce St, Ardmore, OK 73401
      View Details
    • Contact for pricing

      Retail Space in Ardmore Corridor

      Strip center and pads for lease in retail corridor.
      12th 12Th Ave NW, 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.
    1505 Commerce St
    Ardmore, OK 73401-1863
    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.
    Sign Up Successful!
    You now have access to more from Realmo!