Office Space For
2232 36th Ave NW Norman, OK 73072
For Sale
Contact for pricing
2,780 SqFt office space available for purchase.
Property Size2,780 SF
Price / SF$240
Days on Market162
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: Jul 6
Last Checked: Jul 25 at 9:48AM
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
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 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 | $42.4k | $15.24 |
| − Vacancy | −$10.9k | −$3.93 |
| EGI | $31.4k | $11.31 |
| − OpEx | −$7.9k | −$2.83 |
| NOI | $23.6k | $8.48 |
2,780 SF · lease $15.24/SF/yr · vacancy 25.80% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Altruistic Insurance Advisors
Insurance Agency
FAQs
What type of property is this?
Office units - 2,780 SqFt office space available for purchase.
Where is this office units 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
