I think you are at the end of that computer's WoW days unless you run an older version.
Even though you have a socketed graphics card, I know of no Mac Metal-capable cards that fit that model. Apple added Metal at the same time they did away with "cards" and used integral gfx hardware instead.
I would ask in the WoW forums if anyone has found a workabout. Some Win laptops use the same form factor card as the one in the 2011 iMac but they would have to be "ROM-flashed" to work in a Mac, and I not sure if that still works with modern cards like it did in the old PowerPC days.
Incidentally, the 2GB card now in your iMac, if working, is probably worth more then the entire computer. I've seen them on the used/pulled market for up to US$500.