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    2211 West Main St Norman, OK 73069

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    For Sale
    $5,895,000

    Retail property with significant value-add potential in Norman, Oklahoma.

    Property size:
    83,073 SF
    Lot size:
    6.22 Acres

    Property Features for 2211 West Main St

    General Information

    Size
    83,073 SF
    Lot size
    6.22 Acres

    Source: STRIVE Agent Hudson Lambert

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Value-Add Retail Opportunity

    This retail property presents a significant value-add opportunity, currently 55% occupied with a potential 12.57% pro-forma cap rate. Priced at $71 per square foot with average rent at $7.94 per square foot, it is positioned well below market rates. Recent vacancies have attracted attractive backfills across the country. The property benefits from a strategic location on West Main Street, a prime retail corridor experiencing over 26,000 vehicles per day. It is anchored by surrounding retailers such as Sam’s Club, Walmart, and Sooner Mall, with excellent accessibility and proximity to Interstate 35. Located within the Oklahoma City MSA, the area boasts over 122,000 residents within a 5-mile radius, with a projected growth of 5% by 2029. The property is situated 1.5 miles from the University of Oklahoma campus, which has 34,000 students. The property size is 83,073 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Big Lots Furniture Store

    Suggested Use

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

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

    Similar Places Nearby

    Parkway Plaza Shopping Center, Main District Norman, Peppertree Plaza, Carriage Plaza Shopping Center, Merkle Creek Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.4749462
    Latitude
    35.2196805

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    FAQs

    What type of property is this?
    Shopping center - Retail property with significant value-add potential in Norman, Oklahoma.
    Where is this shopping center located?
    The property is located at 2211 West Main St Norman, OK.
    What is the asking price?
    The asking price for this property is $5,895,000.
    What are key features of this property?
    This property features: - Significant value-add opportunity: only 55% occupied with a 12.57% pro-forma cap rate and potential pad opportunity.; - Strategic location: prime retail corridor on West Main Street with over 26,000 vehicles per day, near Sam’s Club, Walmart, and Sooner Mall.; - Below market pricing: priced at only $71/SF with average rent at $7.94/SF.
    (469) 844-8030
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    2211 West Main St Norman, OK 73069
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    Norman, OK 73069
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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
    2211 West Main St Norman, OK 73069
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