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    861 Sonoma Park Dr Norman, OK 73071

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    For Sale
    $2,800,000

    23,800 SF free-standing retail building in Norman, Oklahoma.

    Property size:
    23,800 SF
    Lot size:
    2.28 Acres

    Property Features for 861 Sonoma Park Dr

    General Information

    Size
    23,800 SF
    Lot size
    2.28 Acres

    Source: Price Edwards and Company - Oklahoma City Agent Everest Ernst

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

    Overview

    Norman OK Retail Investment Opportunity

    This 23,800 square foot free-standing building, constructed in 2018, is located in Norman, Oklahoma. The property offers a modern, purpose-built space ideally suited for retail businesses. Its location in the thriving Norman area ensures high visibility and accessibility, attracting a steady flow of customers. With ample space for customized retail layouts and a strong foundation for various business ventures, this property presents an exceptional chance for retail investors to establish a prominent presence in a dynamic and growing market.
    Location Intelligence

    Current Use by Public Records

    KarBoi Towing Service ... Towing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.422066
    Latitude
    35.228827

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    FAQs

    What type of property is this?
    Retail space - 23,800 SF free-standing retail building in Norman, Oklahoma.
    Where is this retail space located?
    The property is located at 861 Sonoma Park Dr Norman, OK.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - 23,800 SF free-standing building ideal for retail businesses.; - Constructed in 2018 with contemporary design and high-quality construction.; - Strategic location in thriving Norman, Oklahoma, ensuring high visibility and accessibility.
    (405) 830-8505
    Request Owner's contact information
    861 Sonoma Park Dr Norman, OK 73071
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    Norman, OK 73071
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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
    861 Sonoma Park Dr Norman, OK 73071
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