Multi-Tenant Flex Suite with Bay
For Sale
Contact for pricing
104-1800 W Tecumseh Rd, Norman, OK 73026
Suite #104 offers new flooring and updated office and bathroom space within a multi-tenant building with large bay doors.
Property Size1,406 SF
Price / SF$1.02
Days on Market123
Property Features for 104-1800 W Tecumseh Rd
General Information
Standard status
Active
Size
1,406 SF
Building Details
Tenancy
Multi
Listing Agency:
Rieger Realty LLC
(405) 310-2796
Listed By:
Dana Rieger · License #149317
(405) 226-8080
Source:
Exprealty
Added: Jun 17
Changed: Oct 3
Last Checked: Oct 16 at 9:21AM
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 Rieger Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite #104 at 1800 W Tecumseh Road is a clean, modern commercial space in a multi-tenant building. The suite includes office and bathroom areas, with new flooring installation scheduled ahead of occupancy on January 2, 2026. The exterior features brick and metal accents, and the property offers ample parking with easy access for clients and staff.
The building is configured with large bay doors and additional generous parking on the rear side, supporting practical day-to-day operations. The suite is positioned for professional, service-based, or light commercial use.
Lease details provided include base rent of $11.50 per square foot and CAM of $1.75 per square foot, for a total of $13.25 per square foot, with monthly rent listed at $1,552.45 and a security deposit of $1,552.45.
The building is configured with large bay doors and additional generous parking on the rear side, supporting practical day-to-day operations. The suite is positioned for professional, service-based, or light commercial use.
Lease details provided include base rent of $11.50 per square foot and CAM of $1.75 per square foot, for a total of $13.25 per square foot, with monthly rent listed at $1,552.45 and a security deposit of $1,552.45.
Key Highlights
- Suite #104 at 1800 W. Tecumseh Road offers 1,406 SF of modern commercial space in a multi‑tenant building.
- New flooring installation planned in the office and bathroom, with occupancy available January 2, 2026.
- Lease includes base rent of $11.50/SF and CAM of $1.75/SF for total rent of $13.25/SF ($1,552.45/month).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,326
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,520
$166.5K
Cap Rate 7%
$118,943
$118.9K
Cap Rate 9%
$92,511
$92.5K
Market Conditions
NOI Build-Up for 1,406 SF
Gross rent
$12.7K $9.00/SF
− Vacancy
−$759 −$0.54/SF
EGI
$11.9K $8.46/SF
− OpEx
−$3.6K −$2.54/SF
NOI
$8.3K $5.92/SF
Area
Norman, OK
Vacancy
6.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,520
Cap Rate 7%
$118,943
Cap Rate 9%
$92,511
Alternative Uses
Best Use
Flex RnD
$131.1K
$114.7K – $153.0K
NOI $9,179 @ 7.0% cap · market cap 639.65%
Second Best
Industrial
$118.9K
$104.1K – $138.8K
NOI $8,326 @ 7.0% cap · market cap 580.21%
Theoretical Best
Specialty Retail
$243.0K
$212.6K – $283.5K
NOI $17,007 @ 7.0% cap · market cap 1,185.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73026, OK
11,940
Population
4,349
Households
2.7
Avg Household Size
45
Median Age
35%
College-Educated
91%
High-School Grad
108.5 sq mi
ZIP Area
110
Density / Sq Mi
$98,723
Median Household Income
$48,742
Median Earnings
$982
Median Rent
$266,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Boxcar Barbecue — 3420 N Porter Ave, Norman, OK 73071
Frequently Asked Questions
What type of property is this?
Flex space - Suite #104 offers new flooring and updated office and bathroom space within a multi-tenant building with large bay doors.
Where is this flex space located?
The property is located at 104-1800 W Tecumseh Rd Norman, OK.
What are key features of this property?
This property features: Suite #104 at 1800 W. Tecumseh Road offers 1,406 SF of modern commercial space in a multi‑tenant building.; New flooring installation planned in the office and bathroom, with occupancy available January 2, 2026.; Lease includes base rent of $11.50/SF and CAM of $1.75/SF for total rent of $13.25/SF ($1,552.45/month).
