Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1031 W Lindsey St Norman, OK 73069

    Sponsored
    For Sale
    $2,550,000

    LAND - Norman, OK

    Lot size:
    3.25 Acres
    Days on Market:
    13
    Last Refresh:
    Feb 1 at 11:06 am

    Property Features for 1031 W Lindsey St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    1031WLindsey73069
    Lot size
    3.25 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1949

    We can help!

    Listing Contact
    Tania Lavi

    ABW, Inc. (405) 948-7500

    Listing agent Tania Lavi (405) 476-5284

    Listing date Jan 20, 2026

    MLS# 1152464

    Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Norman Development Land For Sale

    This 3.25-acre property is located at 0 West Lindsey Street, near the intersection of Lindsey Street and Berry Road in Norman, Oklahoma. The site benefits from high visibility and traffic, and is situated minutes from The University of Oklahoma. The property features frontage on West Lindsey Street within an established commercial corridor. The current zoning is residential, but the site offers potential for rezoning and commercial use. The property is suited for retail, mixed-use, or service-based development. The location benefits from Norman's economy, population growth, low cost of living, and the university's presence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.457008
    Latitude
    35.2044

    Nearby Similar for Sale

    • $600,000
      4,918 SF

      Norman OK Ranch Duplexes

      Well-maintained duplexes near OU, restaurants, and shopping.
      602 Welston Cir, Norman, OK 73071
      View Details
    • $600,000
      4,918 SF

      Four-Unit Multifamily Investment Opportunity

      Well-maintained duplexes near OU, ideal for investors or rental income.
      603 Welston Cir, Norman, OK 73071
      View Details
    • $1,950,000
      3,528 SF

      Equestrian Estate with Development Potential

      84-acre equestrian estate suitable for various events and luxury living.
      1523 72Nd Ave NE, Norman, OK 73026
      View Details
    • $3,500,000
      8,000 SF

      Sports Training Academy on 23 Acres

      23-acre sports training academy with 8,000 SF facility for sale.
      3535 SE 44Th St, Norman, OK 73072
      View Details
    • $1,390,000
      1,170 SF

      Norman Duplex Near Stadium

      Two-bedroom duplex near stadium with potential for renovation or rebuild.
      204 206, Norman, OK 73069
      View Details
    • New
      $739,000
      7,400 SF

      Norman Flex Space with Warehouse

      Flex space with office and warehouse near I-35 and airport.
      1831 Industrial Blvd, Norman, OK 73069
      View Details
    • $899,000
      5,904 SF

      Norman Retail/Office Building For Sale

      Two-story commercial building in Norman's vibrant Arts District.
      218 E Main St, Norman, OK 73069
      View Details
    • $600,000
      2,000 SF

      Fly-In Hangar Home Near Lake

      Private 5-acre hangar home with direct runway access near Lake
      9105 Charmee Sandee Ln, Norman, OK 73026
      View Details
    • $2,250,000
      3,762 SF

      Multi-Family Near OU Campus

      Multi-family property near the University of Oklahoma campus.
      132 Page St, Norman, OK 73069
      View Details
    • $1,675,000
      1 SF

      University Proximity Multifamily Investment

      Two properties totaling 12 units near the University of Oklahoma.
      537 E Elm Ave, Norman, OK 73069
      View Details
    • $450,000
      4,470 SF

      Norman Commercial Property For Sale

      Three-building commercial property totaling 4,470 SF in Norman, OK.
      3145 SE 44Th St, Norman, OK 73072
      View Details
    • $5,895,000
      83,073 SF

      Value-Add Retail Opportunity

      Retail property with significant value-add potential in Norman, Oklahoma.
      2211 West Main St, Norman, OK 73069
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.25 acres of prime development land near University of Oklahoma.
    Where is this commercial land located?
    The property is located at 1031 W Lindsey St Norman, OK.
    What is the asking price?
    The asking price for this property is $2,550,000.
    What are key features of this property?
    This property features: - Prime 3.25-acre development land in a high-visibility, high-traffic location.; - Minutes from The University of Oklahoma (30,000+ students/faculty).; - Located on West Lindsey Street in an established commercial corridor.
    (405) 476-5284
    Request Owner's contact information
    1031 W Lindsey St Norman, OK 73069
    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.
    1031 W Lindsey St
    Norman, OK 73069
    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
    1031 W Lindsey St Norman, OK 73069
    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

    We can help!
    Listing Contact
    Tania Lavi
    Real Estate License ID: 182513
    (405) 476-5284
    Learn more
    Google sign-in failed. Please try again or use another login method.