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    Norman Commercial Investment Opportunity Title is generated by Realmo AI

    30217 Santa Fe Ave, Norman, OK 73072

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    6,262 SF commercial building on 2.3 acres for sale.

    Type:Industrial, Mixed Use
    Property size:
    6,262 SF
    Lot size:
    2.30 Acres
    Price / SF:
    $110/SF
    Added:
    Apr 26, 2025
    Days on Market:
    432
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 30217 Santa Fe Ave

    General Information

    Standard status
    Active
    Size
    6,262 SF
    Lot size
    2.30 Acres
    Property subtype
    Industrial, Mixed Use

    Building Details

    Year Built
    2007

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    Tyler Steer
    Tyler Steer

    Listing office Equity Commercial Realty Advisors, LLC

    Listing date Apr 26, 2025

    Source Crexi

    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, LLC

    HighLights

    • 6,262 SF fully insulated and climate‑controlled industrial building.
    • Benefit from 2.3 acres of commercially zoned land.
    • Located in a growing and dynamic market, South of Highway 9 West on Santa Fe.
    • Features 25 paved surface parking spaces.
    • Constructed in 2007.
    • Located just North of Norman's newest live, work, play community, Selah.

    Overview

    This commercial property in Norman, OK, presents an investment opportunity. It is situated on 2.3 acres of commercially zoned land. The property features a 6,262 SF fully insulated and climate-controlled industrial building, constructed in 2007. The building has an average wall height of 12 feet. There are 25 paved surface parking spaces on site. The property is suitable for light industrial, warehouse, or service-oriented operations. It is located within the Norman School District. The location is south of Highway 9 West on Santa Fe, and just north of Norman's newest live, work, play community, Selah.

    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 $93.9k $15.00
    − Vacancy −$4.7k −$0.75
    EGI $89.2k $14.25
    − OpEx −$26.8k −$4.27
    NOI $62.5k $9.98
    6,262 SF · lease $15.00/SF/yr · vacancy 5.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $892.3K
    $780.8K – $1.04M (±1% cap)
    NOI $62,463 @ 7.0% cap · market cap 8.99%
    Second Best
    Warehouse
    $643.3K
    $562.9K – $750.5K (±1% cap)
    NOI $45,030 @ 7.0% cap · market cap 6.48%
    Theoretical Best
    Specialty Retail
    $1.08M
    $946.8K – $1.26M (±1% cap)
    NOI $75,745 @ 7.0% cap · market cap 10.90%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Canine Sports Academy Animal Training

    Suggested Use

    Restaurant Hotel & Motel Cafe & Coffee Shop Restaurant

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

    Similar Places Nearby

    • Step Brothers — 423 S Webster Ave, Norman, OK 73069
    • Ummi's Kitchen — norman, ok 73069
    • Prohibition Truck — 317 E Main St, Norman, OK 73069

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.51215
    Latitude
    35.149796

    FAQs

    What type of property is this?
    Flex space - 6,262 SF commercial building on 2.3 acres for sale.
    Where is this flex space located?
    The property is located at 30217 Santa Fe Ave Norman, OK.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: 6,262 SF fully insulated and climate‑controlled industrial building.; Benefit from 2.3 acres of commercially zoned land.; Located in a growing and dynamic market, South of Highway 9 West on Santa Fe.
    More about this property
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