Retail Space of 3,009
2248 36th Ave NW, Norman, OK 73072
For Sale
Contact for pricing
Retail space available for sale, approximately 3,009 square feet.
Property Size3,009 SF
Price / SF$154
Days on Market275
Property Features for 2248 36th Ave NW
General Information
Standard status
Size
Property subtype
Building Details
Buildings
Stories
Listing Agency:
ROI Real Estate LLC
Listed By:
Isaac Christian
Source:
Crexi
Added: Feb 13
Changed: Nov 4
Last Checked: Nov 12 at 8:21AM
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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Investment Insights
Based on property information with market context.
This commercial property offers a retail space with an area of 3,009 square feet. The property is located in Norman, OK.
Key Highlights
- Retail Space
- 3,009 SqFt
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,015
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,300
$600.3K
Cap Rate 7%
$428,786
$428.8K
Cap Rate 9%
$333,500
$333.5K
Market Conditions
NOI Build-Up for 3,009 SF
Gross rent
$45.1K $15.00/SF
− Vacancy
−$2.3K −$0.75/SF
EGI
$42.9K $14.25/SF
− OpEx
−$12.9K −$4.27/SF
NOI
$30.0K $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%
$600,300
Cap Rate 7%
$428,786
Cap Rate 9%
$333,500
Alternative Uses
Best Use
Retail
$428.8K
$375.2K – $500.3K
NOI $30,015 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$520.0K
$455.0K – $606.6K
NOI $36,397 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
54k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 69%
Shops & Services 31%
Walmart Neighborhood Market
Groceries
37,206 visits/mo
0.2 miles
7-Eleven
Shops & Services
14,693 visits/mo
0.1 miles
Caliber Collision
Shops & Services
852 visits/mo
0.3 miles
Christian Brothers Automotive
Shops & Services
654 visits/mo
0.4 miles
Public Storage
Shops & Services
534 visits/mo
0.3 miles
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
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Market
Properties on Market for Retail space in Norman
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for sale, approximately 3,009 square feet.
Where is this retail space located?
The property is located at 2248 36th Ave NW Norman, OK.
What is the asking price?
The asking price for this property is $466,385.
What are key features of this property?
This property features: Retail Space; 3,009 SqFt
