Warehouse Suite in Industrial
1820 W Tecumseh Rd Unit 138, Norman, OK 73069
For Sale
Contact for pricing
Warehouse suite 138 located in an industrial complex off Tecumseh Road in Cleveland County.
Property Size1,406 SF
Price / SF$1.02
Days on Market119
Property Features for 1820 W Tecumseh Rd Unit 138
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Rieger Realty LLC
Listed By:
Dana Rieger · License OK #149317
(405) 226-8080
Source:
Theokclife
Added: Jul 19
Changed: Oct 25
Last Checked: Oct 7 at 2:04PM
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
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Investment Insights
Based on property information with market context.
This offering is a warehouse suite identified as 138 within a multi-building industrial complex. The space is presented for sale under a commercial real estate transaction.
Access to the property is provided from Highway 77 and Tecumseh Road: travel east to Wellsite Drive, then go south to the second building on the east. The property is located in Cleveland County, Oklahoma.
Prospective buyers and tenants should review the suite configuration and layout to confirm fit for their specific warehousing needs. Suite number 138 provides a clear unit identifier within the complex for coordination during showings and due diligence.
Access to the property is provided from Highway 77 and Tecumseh Road: travel east to Wellsite Drive, then go south to the second building on the east. The property is located in Cleveland County, Oklahoma.
Prospective buyers and tenants should review the suite configuration and layout to confirm fit for their specific warehousing needs. Suite number 138 provides a clear unit identifier within the complex for coordination during showings and due diligence.
Key Highlights
- Warehouse suite 138 in an industrial complex off Tecumseh Road in Cleveland County
- Building year built: 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,111
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,220
$202.2K
Cap Rate 7%
$144,443
$144.4K
Cap Rate 9%
$112,344
$112.3K
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
−$1.8K −$1.27/SF
NOI
$10.1K $7.19/SF
Area
Norman, OK
Vacancy
6.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,220
Cap Rate 7%
$144,443
Cap Rate 9%
$112,344
Alternative Uses
Best Use
Warehouse
$144.4K
$126.4K – $168.5K
NOI $10,111 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$243.0K
$212.6K – $283.5K
NOI $17,007 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 73069, OK
26,464
Population
12,719
Households
2.1
Avg Household Size
32
Median Age
45%
College-Educated
93%
High-School Grad
15.7 sq mi
ZIP Area
1,686
Density / Sq Mi
$55,699
Median Household Income
$34,151
Median Earnings
$1,031
Median Rent
$212,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Norman, OK
Properties on Market for Warehouses in Norman
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Switzer's Locker Room — 2576 W Tecumseh Rd, Norman, OK 73069
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse suite 138 located in an industrial complex off Tecumseh Road in Cleveland County.
Where is this warehouse located?
The property is located at 1820 W Tecumseh Rd Unit 138 Norman, OK.
What are key features of this property?
This property features: Warehouse suite 138 in an industrial complex off Tecumseh Road in Cleveland County; Building year built: 2020
