Whiteboxed Retail
For Sale
Contact for pricing
1042 N Flood Avenue #1042, Norman, OK 73069
Flexible open-plan space includes a private restroom and supports a range of business buildouts.
Property Size2,496 SF
Price / SF$1.15
Days on Market462
Property Features for 1042 N Flood Avenue #1042
General Information
Standard status
Active
Size
2,496 SF
Property subtype
Commercial
Zoning
Commercial
Site & Location
Neighborhood
Adams
Highway Access
Yes
Additional Details
Condition
Shell
Building Details
Building Size
2,496 SF
Year Built
1960
Listing Agency:
Brick and Beam Realty
(405) 439-9206
Listed By:
Chris Johnson · License #200452
(405) 435-3572
Source:
Eastwoodrealtygroup
Added: Jul 21, 2025
Changed: Oct 23
Last Checked: Oct 23 at 3:53PM
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
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 1042 provides 2,496 square feet of open retail space, recently prepared with a whitebox finish for tenant improvements. The layout includes one restroom and can accommodate retail, office, medical, or service-oriented uses. Commercial zoning is identified as C-2.
The suite is part of a shopping center at 1010–1050 N Flood Ave in Norman, approximately 2 miles from I-35. The center provides parking and storefront signage, with 4,394 households located within a one-mile radius.
The suite is part of a shopping center at 1010–1050 N Flood Ave in Norman, approximately 2 miles from I-35. The center provides parking and storefront signage, with 4,394 households located within a one-mile radius.
Key Highlights
- 2,496 SF of open suite space with a recent whitebox finish
- One restroom; flexible configuration for retail, office, medical, or service uses
- C‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,898
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,960
$498.0K
Cap Rate 7%
$355,686
$355.7K
Cap Rate 9%
$276,644
$276.6K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$37.4K $15.00/SF
− Vacancy
−$1.9K −$0.75/SF
EGI
$35.6K $14.25/SF
− OpEx
−$10.7K −$4.27/SF
NOI
$24.9K $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%
$497,960
Cap Rate 7%
$355,686
Cap Rate 9%
$276,644
Alternative Uses
Best Use
Retail
$355.7K
$311.2K – $415.0K
NOI $24,898 @ 7.0% cap · market cap 870.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$431.3K
$377.4K – $503.2K
NOI $30,192 @ 7.0% cap · market cap 1,055.66%
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
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible open-plan space includes a private restroom and supports a range of business buildouts.
Where is this retail space located?
The property is located at 1042 N Flood Avenue #1042 Norman, OK.
What are key features of this property?
This property features: 2,496 SF of open suite space with a recent whitebox finish; One restroom; flexible configuration for retail, office, medical, or service uses; C‑2 zoning
