Built-Out Office
207-2401 Tee Cir, Norman, OK 73069
For Sale
Contact for pricing
Second-floor professional workspace with private offices, kitchenette, updated finishes, and central HVAC.
Property Size1,200 SF
Price / SF$1.40
Days on Market60
Property Features for 207-2401 Tee Cir
General Information
Standard status
Size
Additional Details
Floor
Amenities
on-site parking
fiber internet
Building Details
Buildings
Stories
Tenancy
Listing Agency:
Brick and Beam Realty
(405) 439-9206
Listed By:
Chris Johnson · License OK #200452
(405) 435-3572
Source:
Exprealty
Added: Sep 16
Changed: Nov 13
Last Checked: Nov 14 at 8:15AM
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 Brick and Beam Realty
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 207 is a 1,200-square-foot office unit on the second floor of Greenway Plaza, a two-story, multi-tenant office property. The layout includes five private offices, one bathroom, and a kitchenette, along with new LED lighting, LVP flooring, a renovated restroom, updated kitchenette finishes, Cat-6 wiring, and central HVAC. Fiber internet is available, and on-site parking serves the property.
The suite is located at 2401 Tee Circle in West Norman, adjacent to Westwood Golf Course & Aquatic Center and south of University North Park’s dining and retail offerings. Greenway Plaza includes an established mix of professional service tenants, providing a dedicated office setting for firms requiring private staff and client areas.
The suite is located at 2401 Tee Circle in West Norman, adjacent to Westwood Golf Course & Aquatic Center and south of University North Park’s dining and retail offerings. Greenway Plaza includes an established mix of professional service tenants, providing a dedicated office setting for firms requiring private staff and client areas.
Key Highlights
- 1,200 SF second‑floor office suite at Greenway Plaza
- Five private offices, one bathroom, and a kitchenette
- New LED lighting and LVP flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,177
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,540
$203.5K
Cap Rate 7%
$145,386
$145.4K
Cap Rate 9%
$113,078
$113.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$18.3K $15.24/SF
− Vacancy
−$4.7K −$3.93/SF
EGI
$13.6K $11.31/SF
− OpEx
−$3.4K −$2.83/SF
NOI
$10.2K $8.48/SF
Area
Norman, OK
Vacancy
25.80%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,540
Cap Rate 7%
$145,386
Cap Rate 9%
$113,078
Alternative Uses
Best Use
Office B
$145.4K
$127.2K – $169.6K
NOI $10,177 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$207.4K
$181.4K – $241.9K
NOI $14,515 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,142
Businesses Nearby
Explore this area
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
$212,400
Median Home Value
Market
Average Price Trend$/SF for Office Units in Norman, OK
Properties on Market for Office Units in Norman
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor professional workspace with private offices, kitchenette, updated finishes, and central HVAC.
Where is this office unit located?
The property is located at 207-2401 Tee Cir Norman, OK.
What are key features of this property?
This property features: 1,200 SF second‑floor office suite at Greenway Plaza; Five private offices, one bathroom, and a kitchenette; New LED lighting and LVP flooring
