2202 Westpark Drive Norman, OK 73069
SINGLE_FAMILY - Norman, OK
- Added:
- Sep 15, 2025
- Days on Market:
- 300
- Last Refresh:
- Jul 11 at 10:06 am
Property Features for 2202 Westpark Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- Commercial
- Standard status
- Pending
- APN
- 2202NONEWestpark73069
- Size
- 2,792 SF
- Lot size
- 0.29 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1981
- Floors in Building
- 1
Listing agent Robert Marriott (405) 329-1111
Listing office Old Town, REALTORS 102 W Apache St, OK (405) 329-1111
Listing date Sep 15, 2025
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Investment Insights
Based on property information with market context.
Set on a quiet cul-de-sac lot in Southwest Norman, the building is positioned for convenient access to major roads. The property is zoned Commercial, supporting a range of office-oriented uses consistent with local zoning requirements.
Key Highlights
- Office building on a quiet 0.29‑acre cul‑de‑sac lot in Southwest Norman
- Two separate lease spaces—flexible setup for owner occupancy with income potential on the other side
- Shared central entry foyer
Local Financial Insights For Office B
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 | $42.6k | $15.24 |
| − Vacancy | −$11.0k | −$3.93 |
| EGI | $31.6k | $11.31 |
| − OpEx | −$7.9k | −$2.83 |
| NOI | $23.7k | $8.48 |
