Retail Suite with Storefront
For Sale
Contact for pricing
1020 N Flood Avenue, Norman, OK 73069
A multi-room commercial suite combines private offices with open work areas and customer-facing space.
Property Size4,140 SF
Price / SF$0.98
Days on Market353
Property Features for 1020 N Flood Avenue
General Information
Standard status
Active
Size
4,140 SF
Property subtype
Commercial
Zoning
Commercial
Site & Location
Neighborhood
Adams
Highway Access
Yes
Additional Details
Property Use
Office, Retail, Medical, Service-Based
Amenities
kitchenette
storefront signage
Building Details
Building Size
4,140 SF
Year Built
1960
Stories
1
Listing Agency:
Brick and Beam Realty
(405) 439-9206
Listed By:
Chris Johnson · License #200452
(405) 435-3572
Source:
1oakok
Added: Nov 19, 2025
Changed: Nov 5
Last Checked: Nov 5 at 6:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brick and Beam Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 1020 contains 4,140 square feet, with six private offices, four restrooms, a kitchenette, a foyer, and two large open work areas. Its front portion can accommodate retail, showroom, or other customer-facing functions. The building was constructed in 1960.
The property is at 1020 N Flood Avenue in Norman, approximately two miles from I-35. Storefront signage faces the corridor, and parking is available on site. More than 4,394 households are within a one-mile radius.
The property is at 1020 N Flood Avenue in Norman, approximately two miles from I-35. Storefront signage faces the corridor, and parking is available on site. More than 4,394 households are within a one-mile radius.
Key Highlights
- 4,140 SF suite with six private offices
- Four restrooms, kitchenette, foyer, and two open work areas
- Front area suited to retail, showroom, or customer‑facing use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,297
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,940
$825.9K
Cap Rate 7%
$589,957
$590.0K
Cap Rate 9%
$458,856
$458.9K
Market Conditions
NOI Build-Up for 4,140 SF
Gross rent
$62.1K $15.00/SF
− Vacancy
−$3.1K −$0.75/SF
EGI
$59.0K $14.25/SF
− OpEx
−$17.7K −$4.27/SF
NOI
$41.3K $9.98/SF
Area
Norman, OK
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,940
Cap Rate 7%
$589,957
Cap Rate 9%
$458,856
Alternative Uses
Best Use
Retail
$590.0K
$516.2K – $688.3K
NOI $41,297 @ 7.0% cap · market cap 1,018.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$715.4K
$626.0K – $834.6K
NOI $50,077 @ 7.0% cap · market cap 1,235.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
22,481 visits/mo
0.2 miles
Dollar General
Shops & Services
8,071 visits/mo
0.3 miles
Gerber Collision & Glass
Shops & Services
630 visits/mo
0.1 miles
AAMCO Transmissions
Shops & Services
186 visits/mo
0.2 miles
Demographics for 73069, OK
26,464
Population
12,719
Households
2.1
Avg Household Size
32
Median Age
45%
College-Educated
93%
High-School Grad
15.7 sq mi
ZIP Area
1,686
Density / Sq Mi
$55,699
Median Household Income
$34,151
Median Earnings
$1,031
Median Rent
$212,400
Median Home Value
Market
Properties on Market for Retail space in Norman
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A multi-room commercial suite combines private offices with open work areas and customer-facing space.
Where is this retail space located?
The property is located at 1020 N Flood Avenue Norman, OK.
What are key features of this property?
This property features: 4,140 SF suite with six private offices; Four restrooms, kitchenette, foyer, and two open work areas; Front area suited to retail, showroom, or customer‑facing use
