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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Medical Office Space
1675 12th NW Ave, Ardmore, OK 73401-1283
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US69-0373908
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2020
Total area
3,807 SF
Lot
0.63 ac (27,443 SF)
APN
0777-00-001-004-0-001-00
UPID
US69-0373908
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
-
Xpress Wellness Urgent Care Ardmore Medical Clinic
-
Rachel Wrany Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$568k
Blend (final)
Blend
$620k
Owner & transaction history
Market Street Phase II LLC · 5 yrs held
Market Street Phase II LLC
since 2021
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$955,000
+109.7%
Office building
$640,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$620,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$455,000
Current use
COMMERCIAL (GENERAL)
$955,000
Change: +110% · Conversion: Easy
OFFICE BUILDING
$640,000
Change: +41% · Conversion: Easy
RETAIL STORES
$395,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10%
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
$163 / 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
$6,536
Tax year 2023
Assessed value
$66,150
Assessed 2023
Previous assessed
$66,150
+0.0% YoY
Effective rate
9.88%
On assessed value
Assessed land
$60,000
Assessed improvement
$6,150
Land market value
$499,997
Improvement market value
$517,333
Total market value
$1,017,330
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 CLINIC
Status
Off-Market
Year built
2020
Cooling
AC.PACKAGE
Stories
1
Total area
3,807 SF
Lot
0.63 ac (27,443 SF)
APN
0777-00-001-004-0-001-00
UPID
US69-0373908
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
$455,000
COMMERCIAL (GENERAL)
Est. value
$955,000
OFFICE BUILDING
Est. value
$640,000
RETAIL STORES
Est. value
$395,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2020
Cooling
Yes
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Market Street Phase II LLC
Entity
Mailing address
8377 E HARTFORD DR STE #100, SCOTTSDALE, AZ 85255-5686
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2024
—
Market Street Phase II LLC
—
Deed
related
$285,000 · First Bank & Trust Co
Sep 10, 2024
—
Market Street Phase II LLC
—
Deed
related
$3,910,000 · First Bank & Trust Co
Oct 6, 2022
—
Market Street Phase II LLC
—
Deed
related
$14,166,576 · First Bank & Trust Co
Mar 5, 2021
$2,008,000
Market Street Phase II LLC
12th & Rockford LLC
Special Warranty Deed
$3,500,000 · Great Oaks Bank
May 1, 2019
$500,000
Store Master Funding Xvi LLC
Market Street At Ardmore LLC
Special Warranty Deed
—
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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