Office Space For
For Sale
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2232 36th Ave NW, Norman, OK 73072
2,780 SqFt office space available for purchase.
Property Size2,780 SF
Price / SF$240
Days on Market254
Property Features for 2232 36th Ave NW
General Information
Standard status
Active
Size
2,780 SF
Property subtype
Office
Listing Agency:
ROI Real Estate LLC
Listed By:
Blake Matthews · License #OK
Source:
Crexi
Added: Feb 13
Changed: Oct 7
Last Checked: Oct 24 at 4:34PM
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 ROI Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate offering consists of an office space with a size of 2,780 square feet. The property is located in Norman, OK. It is suitable for office use.
Key Highlights
- Office Property
- 2,780 SqFt
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,577
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,540
$471.5K
Cap Rate 7%
$336,814
$336.8K
Cap Rate 9%
$261,967
$262.0K
Market Conditions
NOI Build-Up for 2,780 SF
Gross rent
$42.4K $15.24/SF
− Vacancy
−$10.9K −$3.93/SF
EGI
$31.4K $11.31/SF
− OpEx
−$7.9K −$2.83/SF
NOI
$23.6K $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%
$471,540
Cap Rate 7%
$336,814
Cap Rate 9%
$261,967
Alternative Uses
Best Use
Office B
$336.8K
$294.7K – $393.0K
NOI $23,577 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$480.4K
$420.3K – $560.5K
NOI $33,627 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Explore this area
Business Placement
Demographics for 73072, OK
51,062
Population
20,915
Households
2.4
Avg Household Size
30
Median Age
53%
College-Educated
95%
High-School Grad
52.2 sq mi
ZIP Area
978
Density / Sq Mi
$76,933
Median Household Income
$32,892
Median Earnings
$1,102
Median Rent
$291,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - 2,780 SqFt office space available for purchase.
Where is this office unit located?
The property is located at 2232 36th Ave NW Norman, OK.
What is the asking price?
The asking price for this property is $667,200.
What are key features of this property?
This property features: Office Property; 2,780 SqFt
