926-932 N Flood Ave, Norman, OK
Three-unit building suitable for retail or office use.
- Added:
- Jan 10, 2023
- Days on Market:
- 1261
- Last Refresh:
- May 19 at 8:40 pm
Property Features for 926-932 N Flood Ave
General Information
- Standard status
- Active
- Size
- 7,478 SF
- Lot size
- 1.19 Acres
- Property subtype
- RETAIL
Listing agent Gayla Artman (405) 826-7975
Listing office Equity Commercial Realty Advisors - OKC (405) 826-7975
Listing date Jan 10, 2023
Source Moodyscre
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 Equity Commercial Realty Advisors - OKC
HighLights
- High‑traffic location on Flood Street in central Norman.
- Close proximity to City offices, downtown Norman, and I‑35.
- Versatile spaces suitable for retail or office use.
- Three‑unit building with one unit currently occupied.
- Enclosed patio in the rear with additional parking.
- Undeveloped land in the rear that is cross fenced.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.2k | $15.00 |
| − Vacancy | −$5.6k | −$0.75 |
| EGI | $106.6k | $14.25 |
| − OpEx | −$32.0k | −$4.27 |
| NOI | $74.6k | $9.98 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Norman
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.4535
- Latitude
- 35.2267
