Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    28 Mill St SE Ardmore, OK 73401
    Back to Search
    Property profile & analytics

    28 Mill St SE, Ardmore, OK 73401

    View on Map
    • Auto shops
    • 2,100 SF
    • 0.14 lot acres
    For Sale
    $190,000
    View Listing →
    Adaptable Commercial Building in Ardmore For Sale
    $190,000
    2,100 SF

    Adaptable Commercial Building in Ardmore

    Versatile commercial building in historic downtown Ardmore.

    28 Mill SE, Ardmore, OK 73401
    View Listing
    Property ID
    US69-1769749
    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

    • J & R Auto Trim / Auto Repair Shop

    Property Details for 28 Mill St SE

    Year built
    1960
    Lot size
    0.14 lot acres
    Property type
    Auto shops
    APN
    0010-00-383-003-0-001-00
    APU
    1000383003000100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 7, 2006 $1,000 Curt Pletcher Ada Miller Joint Tenancy Deed · related —

    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
    Ardmore
    County
    Carter
    State
    Oklahoma
    Longitude
    -97.1278
    Latitude
    34.1711
    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
    $434
    $964
    $3,428
    $4,392
    -
    $30,575
    $62,020
    $92,595

    Comparable in this City

    • Value Estimation by Request
      1,960 SF

      1300 P NE St

      AUTO REPAIR, GARAGE
      1300 P NE St, Ardmore, OK 73401-7171
      View Details
    • Value Estimation by Request
      1,440 SF

      170 Case Cir

      AUTO REPAIR, GARAGE
      170 Case Cir, Ardmore, OK 73401
      View Details
    • Value Estimation by Request
      3,410 SF

      826 K NW St

      AUTO REPAIR, GARAGE
      826 K NW St, Ardmore, OK 73401-4005
      View Details
    • Value Estimation by Request
      1,350 SF

      665 12th NW Ave

      AUTO REPAIR, GARAGE
      665 12th NW Ave, Ardmore, OK 73401-5703
      View Details
    • Value Estimation by Request
      1,650 SF

      615 C SW St

      AUTO REPAIR, GARAGE
      615 C SW St, Ardmore, OK 73401-5219
      View Details
    • Value Estimation by Request
      1,600 SF

      301 Moore SW St

      AUTO REPAIR, GARAGE
      301 Moore SW St, Ardmore, OK 73401-5253
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,927 SF

      Auto Shop with Bay Doors

      Auto shop with eight bay doors, built in 2002.
      220 Holiday Dr, Ardmore, OK 73401
      View Details
    • $250,000
      0.22 Acres

      Ardmore Commercial Parking Lot

      Downtown Ardmore parking lot with monthly rental income.
      A St NW, Ardmore, OK 73401
      View Details
    • Contact for pricing

      Downtown Ardmore Development Opportunity

      Two properties and a large parking lot in historic downtown.
      105 E Main St, Ardmore, OK 73401
      View Details
    • $395,000
      4,995 SF

      Downtown Ardmore Retail Space

      High-traffic retail space, 5,000 sq ft
      620 Main St, Ardmore, OK 73401
      View Details
    • Contact for pricing
      2,760 SF

      Two-Unit Commercial Building in Ardmore

      Versatile commercial building suitable for owner-user or investor.
      310 S Washington St, Ardmore, OK 73401
      View Details
    • $499,000
      2,124 SF

      Ardmore Restaurant - $499,000

      Prime Ardmore eatery, high-volume kitchen.
      1105 Washington St, Ardmore, OK 73401
      View Details

    Similar Nearby for Lease

    • 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
      4,708 SF

      Retail Space in Ardmore, OK

      Retail space available in Ardmore, Oklahoma, near Interstate 35.
      807 N 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
    • Contact for pricing
      443,650 SF

      Ardmore Warehouse Space Available

      443,650 SF warehouse space in Ardmore, Oklahoma.
      3500 Flanders Dr, Ardmore, OK 73401
      View Details
    • Contact for pricing

      Industrial Building with Office Space

      11,600 SF industrial building with office and warehouse space.
      215 North Rockford Rd, Ardmore, OK 73401
      View Details
    View Listing
    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.
    28 Mill St SE
    Ardmore, OK 73401
    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
    28 Mill St SE, Ardmore, OK, 73401
    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!