Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    602 West Main St Ardmore, OK 73401

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    602 West Main St Ardmore, OK 73401

    View on Map
    • Commercial land
    Off-Market
    Property ID
    US69-1791272
    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

    • Photo Services / Photography Service / (Bike/Boat/Book/etc) Store

    Property Details for 602 West Main St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Don't miss this opportunity to own two commercial historical parcels in downtown Ardmore, OK! Located in the heart of downtown these lots feature Main Street frontage and two sizable entrances. The lots present a blank canvas for investors, business owners, and entrepreneurs. Thinking about building? This location is perfect for office or retail offerings. The Main Street location makes it noticeable for passerbys and easily accessible for customers. Lots may be purchased together or separately! This location has a high traffic count and as downtown Ardmore continues to grow it will only get higher

    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
    -97.1356122
    Latitude
    34.1740683

    Comparable in this City

    • $1,500,000
      77.00 Acres

      High-Traffic Commercial Development Land

      Strategically located commercial land off I-35 in Ardmore, Oklahoma.
      3125 S Commerce St, Ardmore, OK 73401
      View Details
    • $4,925,000
      197.00 Acres

      Prime Land with Highway Frontage

      197 acres near I-35 and Hwy 77 in Ardmore, OK.
      1293 Bussell Ridge Rd, Ardmore, OK 73401
      View Details
    • $5,600,000
      10.66 Acres

      Commercial Land Near I-35

      10.66 acres of commercial property near I-35 in Ardmore, OK.
      Ardmore, OK 73401
      View Details
    • Contact for pricing
      Pending

      Commercial Development Parcel in Ardmore

      Prime commercial land for retail, QSR, or medical development.
      1302 Brookview Dr, Ardmore, OK 73401
      View Details
    • Contact for pricing

      Commercial Lot on West Main

      Shovel-ready commercial lot in high-traffic location on West Main.
      911 W Main St, Ardmore, OK 73401
      View Details
    • $1,790,000
      8.10 Acres

      Commercial Land in Ardmore, OK

      8.1 acres of commercial land for sale in Ardmore.
      Prairie Valley Rd, Ardmore, OK 73401
      View Details

    Similar Nearby for Sale

    • $160,126
      0.18 Acres

      Commercial Land on West Broadway

      Vacant commercial land in downtown Ardmore, Oklahoma.
      606 West Broadway St, Ardmore, OK 73401
      View Details
    • $397,100
      4.18 Acres

      Highway Frontage Commercial Land

      4.18 acres with highway frontage in Ardmore, Oklahoma.
      70 Frontage High Volume Traffic - Great Location, Ardmore, OK 73401
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      High-traffic commercial land in Ardmore's retail and office growth area.
      1470 Merrick Dr, Ardmore, OK 73401
      View Details
    • Contact for pricing
      Pending

      Prime Development Site in Ardmore

      ±0.95-acre site in commercial corridor, ideal for retail.
      1405 Brookview Dr, Ardmore, OK 73401
      View Details
    • $1,200,000

      Prime Commercial Tract on Highway

      13.42-acre commercial tract with high visibility and highway frontage.
      4015 W Broadway St, Ardmore, OK 73401
      View Details
    • $53,000
      0.24 Acres

      Commercial Lot on West Main

      High-traffic commercial lot in growing Ardmore, Oklahoma.
      911 W Main St, Ardmore, OK 73401
      View Details

    Similar Nearby for Lease

    • 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

      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
    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.
    602 West Main St
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!