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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Medical Office Space
2401 12th NW Ave, Ardmore, OK 73401-1470
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US69-2036988
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2013
Total area
4,374 SF
Lot
0.98 ac (42,689 SF)
APN
0022-00-001-003-0-000-00
UPID
US69-2036988
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
-
Rishu Batta Dental Office
-
A.S.A.P. (Ardmore Ship and Print) Courier Service Postal Service
-
Advisory Solutions with Sarah Financial Advisor
-
McAlister's Deli Take-out & Catering
-
Shoe Sensation Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
$770k
Comparable Approach
Comparable
$653k
Blend (final)
Blend
$655k
Owner & transaction history
Spring Creek Partners Ltd · 6 yrs held
Spring Creek Partners Ltd
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$740,000
+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
$545,000
CAP Approach
CAP Return
Estimation
6%
$835,000
6.5%
$770,000
7%
$715,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$525,000
Current use
OFFICE BUILDING
$740,000
Change: +41% · Conversion: Easy
RETAIL STORES
$455,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$150 / 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
$28,448
Tax year 2023
Assessed value
$287,880
Assessed 2023
Previous assessed
$287,880
+0.0% YoY
Effective rate
9.88%
On assessed value
Assessed land
$82,883
Assessed improvement
$204,997
Land market value
$690,690
Improvement market value
$1,708,310
Total market value
$2,399,000
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
2013
Heating
YES
Cooling
YES
Stories
1
Total area
4,374 SF
Lot
0.98 ac (42,689 SF)
APN
0022-00-001-003-0-000-00
UPID
US69-2036988
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
$525,000
OFFICE BUILDING
Est. value
$740,000
RETAIL STORES
Est. value
$455,000
MEDICAL BUILDING Current
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
2013
Heating
YES
Cooling
Yes
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Spring Creek Partners Ltd
Entity
Mailing address
5435 LEMON GULCH RD, CASTLE ROCK, CO 80108-8437
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2019
$2,399,000
Spring Creek Partners Ltd
Broadstone Md Oklahoma LLC
Special Warranty Deed
$1,439,400 · Wells Fargo Bank NA
Aug 2, 2013
$1,986,500
Broadstone Md Oklahoma LLC
Teagan Properties LLC
Special Warranty Deed
—
Mar 13, 2013
$1,513,000
Teagan Properties LLC
Advanced Dental Implant And Denture
Special Warranty Deed
$1,512,976 · Stillwater National Bank & Trust Co
Mar 8, 2013
$622,500
Advance Dental Implant And Denture
Ardmore Commons 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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