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    1161 36Th Ave Norman, OK 73072

    For Sale
    $5,250,000

    Two buildings, 38,033 sq ft, $5.25M

    Property size:
    38,033 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional Norman, Oklahoma office complex presents a unique investment opportunity. Located on a 1.36-acre lot at the highly visible southeast corner of West Robinson and NW 36th Avenue, just west of I-35, this property comprises two office buildings totaling 38,033 square feet. The property boasts a recent appraisal of approximately $6.8 million, offering significant potential for appreciation. The buildings are currently partially occupied, with Armstrong Bank committed to a lease for a minimum of three to five years, providing immediate and stable income. Available office and retail spaces are offered for lease at a competitive rate of $20 per square foot, full service gross (FSG). This prime location provides excellent visibility and accessibility, making it ideal for a variety of businesses. The substantial size and strong tenant base make this a compelling investment opportunity for those seeking a high-return property in a thriving Norman market. The buildings offer a blend of existing tenancy and readily available space for immediate occupancy or future expansion, presenting a flexible and attractive proposition for discerning investors. The property's strategic location near I-35 ensures convenient access for employees and clients alike. This is a rare chance to acquire a well-maintained, high-value office complex in a desirable location.

    Property Features for 1161 36Th Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    38,033 SF
    Lot Size
    59,242 SF

    Building Details

    Year Built
    2002
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.49399
    Latitude
    35.23241

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    FAQs

    What type of property is this?
    Office Property / Space - Two buildings, 38,033 sq ft, $5.25M
    Where is this office property / space located?
    The property is located at 1161 36Th Ave Norman, OK.
    What is the asking price?
    The asking price for this property is $5,250,000.
    (405) 669-6710
    Request Owner's contact information
    1161 36Th Ave Norman, OK 73072
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    Norman, OK 73072
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    Realmo Value Estimation

    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.

    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.

    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
    1161 36Th Ave Norman, OK 73072
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