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Retail Space Near University
For Lease
$13 SF/Yr

1251 East Alameda Street, Norman, OK 73071

Retail space with excellent co-tenancy near the University.

Space SizeContact for details
Days on Market340

Property Features for 1251 East Alameda Street

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE | Oklahoma City
Listed By: Mark Inman
Source: Cbre
Added: Nov 22, 2025 Changed: Oct 27 Last Checked: Oct 26 at 2:47PM

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 CBRE | Oklahoma City

Rey
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Investment Insights

Based on property information with market context.

This 3,750-square-foot retail space is located in close proximity to the University of Oklahoma and benefits from excellent co-tenancy. The property features oversized electrical and A/C.

Key Highlights

  • Close proximity to the University of Oklahoma
  • Excellent co‑tenancy
  • Oversized electrical

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Homeland Grocery & Convenience Store Conoco Gas Station Homeland Bakery Bakery Homeland Pharmacy Pharmacy Homeland Deli Food Market

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Building Supply Big Box & Wholesale Store Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

463
Businesses Nearby
349k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 46% Superstores 23% Shops & Services 15% Apparel 4%
Walmart Superstores
79,867 visits/mo 0.5 miles
Chick-fil-A Dining
38,584 visits/mo 0.1 miles
McDonald's Dining
29,780 visits/mo 0.2 miles
Raising Cane's Chicken Fingers Dining
27,912 visits/mo 0.2 miles
Murphy USA Shops & Services
19,955 visits/mo 0.4 miles

Demographics for 73071, OK

43,379
Population
19,192
Households
2.3
Avg Household Size
31
Median Age
42%
College-Educated
94%
High-School Grad
23.3 sq mi
ZIP Area
1,862
Density / Sq Mi
$59,258
Median Household Income
$32,830
Median Earnings
$1,059
Median Rent
$206,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Norman, OK

$19.65 /SF/Yr
Avg Asking Price
$12–$32 /SF/Yr
Price Range
13,047 SF
Avg Space Size

This space is priced 34% below the average of $19.65 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Retail space with excellent co-tenancy near the University.
Where is this retail space located?
The property is located at 1251 East Alameda Street Norman, OK.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: Close proximity to the University of Oklahoma; Excellent co‑tenancy; Oversized electrical
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