Second-Generation Restaurant on
1805 W Main Norman, OK 73069
New
For Sale
Contact for pricing
Second-generation restaurant for sale or lease at a signalized intersection on busy W Main Street in Norman.
Property Size2,528 SF
Price / SF$346.12
Days on Market4
Property Features for 1805 W Main
General Information
- Standard status
- Active
- Size
- 2,528 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1979
Listing Agency:
Equity Commercial Realty Advisors, LLC
(405) 361-2100
Listed By:
David Lide · License #OK 130274
Source:
Crexi
Added: Jul 20
Changed: Jul 23
Last Checked: Jul 23 at 4:30AM
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
Investment Insights
Based on property information with market context.
This second-generation restaurant property is available for sale or lease on a NNN basis. The site is positioned at a hard corner and fronts a signalized intersection on W Main Street, creating strong visibility for passing traffic.
Located at 1805 W Main in Norman, the property is approximately one-half mile from Interstate 35 and just minutes from the University of Oklahoma campus. Traffic counts are reported at 26,297 vehicles per day along Main Street (ACOG ’24), supporting consistent commercial exposure for restaurant operations.
As a second-generation restaurant, the property is suited for foodservice use and offers an established layout for continued restaurant activity.
Located at 1805 W Main in Norman, the property is approximately one-half mile from Interstate 35 and just minutes from the University of Oklahoma campus. Traffic counts are reported at 26,297 vehicles per day along Main Street (ACOG ’24), supporting consistent commercial exposure for restaurant operations.
As a second-generation restaurant, the property is suited for foodservice use and offers an established layout for continued restaurant activity.
Key Highlights
- Second‑generation restaurant available for sale for $875,000 or lease at $29.75 PSF NNN
- Located on a hard corner at the signalized intersection of Mercedes and Main in Norman
- Busy Main Street traffic count of 26,297 vehicles per day (ACOG '24)
Financial Insights For Specialty 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 | $42.5k | $16.80 |
| − Vacancy | −$1.7k | −$0.67 |
| EGI | $40.8k | $16.13 |
| − OpEx | −$10.2k | −$4.03 |
| NOI | $30.6k | $12.10 |
2,528 SF · lease $16.80/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$436.8K
$382.2K – $509.7K
NOI $30,579 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shipley Do-Nuts
Bakery
Shipley Do-Nuts FC1805
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Second-generation restaurant for sale or lease at a signalized intersection on busy W Main Street in Norman.
Where is this conventional restaurant located?
The property is located at 1805 W Main Norman, OK.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Second‑generation restaurant available for sale for $875,000 or lease at $29.75 PSF NNN; Located on a hard corner at the signalized intersection of Mercedes and Main in Norman; Busy Main Street traffic count of 26,297 vehicles per day (ACOG '24)
