Value-Add Retail
For Sale
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2207-2255 West Main Street, Norman, OK
Retail property with significant value-add potential in Norman, Oklahoma.
Property Size83,073 SF
Lot Size6.22 Acres
Price / SF$70.96
Days on Market329
Property Features for 2207-2255 West Main Street
General Information
Standard status
Active
Size
83,073 SF
Lot size
6.22 Acres
Property subtype
RETAIL
Listing Agency:
NAI RED Commercial Real Estate
(405) 761-8955
Listed By:
David Hartnack · License #152924
(405) 761-8955
Source:
Moodyscre
Added: Sep 5, 2025
Changed: Jul 6
Last Checked: Jul 21 at 2:59AM
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 NAI RED Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail property presents a significant value-add opportunity, currently 55% occupied with a potential 12.57% pro-forma cap rate. Priced at $71 per square foot with average rent at $7.94 per square foot, it is positioned well below market rates. Recent vacancies have attracted attractive backfills across the country. The property benefits from a strategic location on West Main Street, a prime retail corridor experiencing over 26,000 vehicles per day. It is anchored by surrounding retailers such as Sam’s Club, Walmart, and Sooner Mall, with excellent accessibility and proximity to Interstate 35. Located within the Oklahoma City MSA, the area boasts over 122,000 residents within a 5-mile radius, with a projected growth of 5% by 2029. The property is situated 1.5 miles from the University of Oklahoma campus, which has 34,000 students. The property size is 83,073 square feet.
Key Highlights
- Significant value‑add opportunity: only 55% occupied with a 12.57% pro‑forma cap rate and potential pad opportunity.
- Strategic location: prime retail corridor on West Main Street with over 26,000 vehicles per day, near Sam’s Club, Walmart, and Sooner Mall.
- Below market pricing: priced at only $71/SF with average rent at $7.94/SF.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
447k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Superstores 33%
Shops & Services 22%
Groceries 5%
Walmart
Superstores
130,692 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
54,032 visits/mo
0.2 miles
Chick-fil-A
Dining
51,245 visits/mo
0.2 miles
Whataburger
Dining
26,731 visits/mo
0.2 miles
Big Lots
Superstores
17,226 visits/mo
0.1 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Parkway Plaza Shopping Center — 520 Ed Noble Pkwy, Norman, OK 73072
- Main District Norman — 133 24th Ave NW APT 112, Norman, OK 73069
- Peppertree Plaza — 900 24th Ave NW, Norman, OK 73069
- Carriage Plaza Shopping Center — 2001 W Main St, Norman, OK 73069
- Merkle Creek Plaza — W Main St, Norman, OK 73069
Frequently Asked Questions
What type of property is this?
Shopping center - Retail property with significant value-add potential in Norman, Oklahoma.
Where is this shopping center located?
The property is located at 2207-2255 West Main Street Norman, OK.
What is the asking price?
The asking price for this property is $5,895,000.
What are key features of this property?
This property features: Significant value‑add opportunity: only 55% occupied with a 12.57% pro‑forma cap rate and potential pad opportunity.; Strategic location: prime retail corridor on West Main Street with over 26,000 vehicles per day, near Sam’s Club, Walmart, and Sooner Mall.; Below market pricing: priced at only $71/SF with average rent at $7.94/SF.
