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    404 12Th St Ada, OK 74820

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    404 12Th St Ada, OK 74820

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    • Office properties & Spaces
    • 1,566 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US69-1648496
    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

    • Classic Arts Academy / Tutoring Service
    • Gray Amber / Real Estate Agency

    Property Details for 404 12Th St

    Year built
    1951
    Lot size
    0.17 lot acres
    Property size
    1,566 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional 1,566 square foot office building presents a remarkable opportunity in Ada, Oklahoma. Strategically located near Main Street, this property boasts high visibility and convenient access for clients and employees. The building features a thoughtfully designed layout perfect for multiple businesses or a single large operation. Five individual offices provide ample space for staff and clients, while a well-equipped kitchen and a spacious waiting area enhance functionality and comfort. The property offers convenient parking both in front and in the rear, accessible via an alleyway, ensuring ease of access for all. Situated on a 0.17-acre lot, this turnkey property is ready for immediate occupancy, eliminating the need for extensive renovations or improvements. The building's design and location make it ideal for a variety of businesses seeking a high-traffic location. This is a rare opportunity to acquire a well-maintained, functional commercial space in a thriving area. The property's strong potential for return on investment makes it an attractive option for both established businesses and savvy investors looking to expand their commercial real estate portfolio. The asking price is $199,000. Don't miss this chance to secure a prime commercial property in a desirable location.

    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
    Ada
    County
    Pontotoc
    State
    Oklahoma
    Longitude
    -96.67314
    Latitude
    34.77365

    Comparable in this City

    • $2,150,000
      2,450 SF

      Ada Hwy 1 Commercial Property

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    • $545,000
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      Ada Office Building - High Traffic Area

      Turn-key office space, 3711 sq ft, high visibility.
      630 17Th St, Ada, OK 74820
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    • $400,000

      Mixed-Use Property in Booming Area

      High-traffic location suitable for restaurant, office, or retail.
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      16,104 SF

      Versatile Commercial Building in Ada

      16,000 sq ft building with C2 zoning in Ada.
      301 E 12Th St, Ada, OK 74820
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      44,000 SF

      Industrial Buildings on Three Acres

      Three buildings for industrial opportunities outside city limits.
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    • $200,000
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      Remodeled Office Space on Acreage

      Remodeled office space with expansion potential near Ada, Oklahoma.
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    Similar Nearby for Sale

    • $2,150,000
      2,450 SF

      Ada Hwy 1 Commercial Property

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      View Details
    • $545,000
      3,711 SF

      Ada Office Building - High Traffic Area

      Turn-key office space, 3711 sq ft, high visibility.
      630 17Th St, Ada, OK 74820
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    • $400,000

      Mixed-Use Property in Booming Area

      High-traffic location suitable for restaurant, office, or retail.
      14230 County Road 1560, Ada, OK 74820
      View Details
    • Contact for pricing
      16,104 SF

      Versatile Commercial Building in Ada

      16,000 sq ft building with C2 zoning in Ada.
      301 E 12Th St, Ada, OK 74820
      View Details
    • Contact for pricing
      44,000 SF

      Industrial Buildings on Three Acres

      Three buildings for industrial opportunities outside city limits.
      1900 B St, Ada, OK 74820
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    • $200,000
      2,000 SF

      Remodeled Office Space on Acreage

      Remodeled office space with expansion potential near Ada, Oklahoma.
      13817 County Road 3520, Ada, OK 74820
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      65,220 SF

      Industrial Building on 17 Acres

      65,220 SF industrial building suitable for manufacturing or production.
      1205 Cradduck Rd, Ada, OK 74820
      View Details
    • Contact for pricing
      1,280 SF

      Retail Space in North Hills

      Retail spaces available in a busy shopping center.
      1200 N Hills Shopping Ctr, Ada, OK 74820
      View Details
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    404 12Th St
    Ada, OK 74820
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    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
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