Dual-Unit Flex
220 N Crawford Avenue, Norman, OK 73069
For Sale
$459,000
Commercial Sale, Norman, OK
Property Size2,925 SF
Lot Size0.14 Acres
Price / SF$156.92
Days on Market52
Property Features for 220 N Crawford Avenue
General Information
Property type
Property subtype
Zoning
Standard status
APN
Size
Lot size
Utilities
Heating system
Cooling system
Amenities
overhead drive-in doors
ADA-accessible restrooms
built-in workbench
adjustable wall shelving
steel storage cabinet
utility/wash sink
enclosed room
custom mezzanine
concrete floors
high clear-span ceilings
natural light
separate utilities
Building Details
Year built
Building materials
Listing Agency:
Copper Creek Real Estate
(405) 888-9902
Listed By:
Rosa Spotts · License #150673
(405) 808-4913
Added: Sep 16
Changed: Oct 22
Last Checked: Nov 6 at 8:06PM
MLS# 1249602
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 220 N Crawford Avenue in Norman, this 2,925-square-foot steel flex building contains two independent spaces without an interior connection. Each side has a private street entrance, finished carpeted showroom or office area, work space, overhead drive-in door, and ADA-accessible restroom. The property was built in 2002 on a 0.14-acre corner site with dual street frontage.
One unit includes an open clear-span shop with steel trusses, workbench, adjustable shelving, storage cabinet, stainless utility sink, and an enclosed office or storage room. The other provides a tall open warehouse with a custom wood-framed mezzanine, full staircase, usable loft area, and covered space below. Concrete floors, high ceilings, natural light, separate utilities, electric heating, and electric cooling support a range of flex-space configurations. The property is near downtown Norman and minutes from the University of Oklahoma.
One unit includes an open clear-span shop with steel trusses, workbench, adjustable shelving, storage cabinet, stainless utility sink, and an enclosed office or storage room. The other provides a tall open warehouse with a custom wood-framed mezzanine, full staircase, usable loft area, and covered space below. Concrete floors, high ceilings, natural light, separate utilities, electric heating, and electric cooling support a range of flex-space configurations. The property is near downtown Norman and minutes from the University of Oklahoma.
Key Highlights
- 2,925‑square‑foot steel flex building with two independent spaces
- 0.14‑acre corner site at 220 N Crawford Avenue in Norman
- Each side has a private street entrance, overhead drive‑in door, and ADA‑accessible restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,177
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,540
$583.5K
Cap Rate 7%
$416,814
$416.8K
Cap Rate 9%
$324,189
$324.2K
Market Conditions
NOI Build-Up for 2,925 SF
Gross rent
$43.9K $15.00/SF
− Vacancy
−$2.2K −$0.75/SF
EGI
$41.7K $14.25/SF
− OpEx
−$12.5K −$4.27/SF
NOI
$29.2K $9.98/SF
Area
Norman, OK
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,540
Cap Rate 7%
$416,814
Cap Rate 9%
$324,189
Alternative Uses
Best Use
Retail
$416.8K
$364.7K – $486.3K
NOI $29,177 @ 7.0% cap · market cap 6.36%
Second Best
Warehouse
$300.5K
$262.9K – $350.6K
NOI $21,034 @ 7.0% cap · market cap 4.58%
Theoretical Best
Specialty Retail
$505.4K
$442.3K – $589.7K
NOI $35,381 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,161
Businesses Nearby
Balanced
Demand for This Use
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
$212,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Norman, OK
Properties on Market for Flex space in Norman
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Step Brothers — 423 S Webster Ave, Norman, OK 73069
- Ummi's Kitchen — norman, ok 73069
- Prohibition Truck — 317 E Main St, Norman, OK 73069
Frequently Asked Questions
What type of property is this?
Flex space - Steel flex property with separate customer-facing entrances, work areas, overhead doors, and ADA-accessible restrooms.
Where is this flex space located?
The property is located at 220 N Crawford Avenue Norman, OK.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: 2,925‑square‑foot steel flex building with two independent spaces; 0.14‑acre corner site at 220 N Crawford Avenue in Norman; Each side has a private street entrance, overhead drive‑in door, and ADA‑accessible restroom
