Flex Space Suite with Bay
For Sale
Contact for pricing
138-1820 W Tecumseh Rd, Norman, OK 73026
Suite #138 is a clean, modern flex/warehouse space in a multi-tenant building with large bay doors and rear parking.
Property Size1,406 SF
Price / SF$1.02
Days on Market125
Property Features for 138-1820 W Tecumseh Rd
General Information
Standard status
Active
Size
1,406 SF
Additional Details
Fenced Yard
Yes
Building Details
Tenancy
Multi
Listing Agency:
Rieger Realty LLC
(405) 310-2796
Listed By:
Dana Rieger · License #149317
(405) 226-8080
Source:
Exprealty
Added: Jun 17
Changed: Oct 5
Last Checked: Oct 16 at 1:45PM
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 Rieger Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite #138 at 1820 W. Tecumseh Road is a clean, modern commercial space within a well-maintained multi-tenant building. The exterior features brick and metal accents, and the suite includes large bay doors along with generous parking. A fenced area is located to the east of the building, which is available to rent for an additional amount.
Access is designed for both clients and staff, with ample parking on the rear side to support day-to-day operations.
Lease details provided for this suite include base rent of $11.50 per sq ft and CAM of $1.75 per sq ft, for total rent of $13.25 per sq ft. The monthly rent is listed as $1,552.45, with a security deposit equal to $1,552.45.
Access is designed for both clients and staff, with ample parking on the rear side to support day-to-day operations.
Lease details provided for this suite include base rent of $11.50 per sq ft and CAM of $1.75 per sq ft, for total rent of $13.25 per sq ft. The monthly rent is listed as $1,552.45, with a security deposit equal to $1,552.45.
Key Highlights
- Suite #138 at 1820 W Tecumseh Road is a clean, modern flex/warehouse space in a multi‑tenant building.
- Large bay doors and a flex/warehouse layout suitable for professional, service‑based, or light commercial use.
- Ample parking with generous parking on the rear side for clients and staff.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,326
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,520
$166.5K
Cap Rate 7%
$118,943
$118.9K
Cap Rate 9%
$92,511
$92.5K
Market Conditions
NOI Build-Up for 1,406 SF
Gross rent
$12.7K $9.00/SF
− Vacancy
−$759 −$0.54/SF
EGI
$11.9K $8.46/SF
− OpEx
−$3.6K −$2.54/SF
NOI
$8.3K $5.92/SF
Area
Norman, OK
Vacancy
6.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,520
Cap Rate 7%
$118,943
Cap Rate 9%
$92,511
Alternative Uses
Best Use
Flex RnD
$131.1K
$114.7K – $153.0K
NOI $9,179 @ 7.0% cap · market cap 639.65%
Second Best
Industrial
$118.9K
$104.1K – $138.8K
NOI $8,326 @ 7.0% cap · market cap 580.21%
Theoretical Best
Specialty Retail
$243.0K
$212.6K – $283.5K
NOI $17,007 @ 7.0% cap · market cap 1,185.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73026, OK
11,940
Population
4,349
Households
2.7
Avg Household Size
45
Median Age
35%
College-Educated
91%
High-School Grad
108.5 sq mi
ZIP Area
110
Density / Sq Mi
$98,723
Median Household Income
$48,742
Median Earnings
$982
Median Rent
$266,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Boxcar Barbecue — 3420 N Porter Ave, Norman, OK 73071
Frequently Asked Questions
What type of property is this?
Flex space - Suite #138 is a clean, modern flex/warehouse space in a multi-tenant building with large bay doors and rear parking.
Where is this flex space located?
The property is located at 138-1820 W Tecumseh Rd Norman, OK.
What are key features of this property?
This property features: Suite #138 at 1820 W Tecumseh Road is a clean, modern flex/warehouse space in a multi‑tenant building.; Large bay doors and a flex/warehouse layout suitable for professional, service‑based, or light commercial use.; Ample parking with generous parking on the rear side for clients and staff.
