Five-Office Suite in Multi-Tenant
2401 Tee Circle #207, Norman, OK 73069
For Sale
Contact for pricing
A second-floor layout pairs private offices with a kitchenette and restroom for professional office use.
Property Size1,200 SF
Price / SF$1.40
Days on Market55
Property Features for 2401 Tee Circle #207
General Information
Standard status
Size
Property subtype
Zoning
Amenities
new LED lighting
LVP flooring
renovated restroom
updated kitchenette
Cat-6 wiring
central HVAC
Fiber internet available
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Brick and Beam Realty
(405) 439-9206
Listed By:
Chris Johnson · License #200452
(405) 435-3572
Source:
Carlallsrealestate
Added: Sep 16
Changed: Nov 6
Last Checked: Nov 8 at 3:11PM
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 Brick and Beam Realty
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Investment Insights
Based on property information with market context.
Suite 207 is a 1,200-square-foot office in a two-story, multi-tenant building. Its five private offices are complemented by a bathroom and kitchenette. Recent work includes LED lighting, LVP flooring, an updated restroom and kitchenette, plus Cat-6 wiring and central HVAC. Fiber internet is available. The suite is offered on a modified gross lease.
The property is at 2401 Tee Circle in Norman, adjacent to Westwood Golf Course & Aquatic Center and south of University North Park’s dining and retail. On-site parking serves the office building, which has a mix of professional service tenants.
The property is at 2401 Tee Circle in Norman, adjacent to Westwood Golf Course & Aquatic Center and south of University North Park’s dining and retail. On-site parking serves the office building, which has a mix of professional service tenants.
Key Highlights
- Five private offices, one bathroom and a kitchenette
- 1,200 SF second‑floor office suite
- Cat‑6 wiring, central HVAC and fiber internet availability
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,177
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,540
$203.5K
Cap Rate 7%
$145,386
$145.4K
Cap Rate 9%
$113,078
$113.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$18.3K $15.24/SF
− Vacancy
−$4.7K −$3.93/SF
EGI
$13.6K $11.31/SF
− OpEx
−$3.4K −$2.83/SF
NOI
$10.2K $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%
$203,540
Cap Rate 7%
$145,386
Cap Rate 9%
$113,078
Alternative Uses
Best Use
Office B
$145.4K
$127.2K – $169.6K
NOI $10,177 @ 7.0% cap · market cap 607.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$207.4K
$181.4K – $241.9K
NOI $14,515 @ 7.0% cap · market cap 866.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,142
Businesses Nearby
Explore this area
Business Placement
Demographics for 73069, OK
26,464
Population
12,719
Households
2.1
Avg Household Size
32
Median Age
45%
College-Educated
93%
High-School Grad
15.7 sq mi
ZIP Area
1,686
Density / Sq Mi
$55,699
Median Household Income
$34,151
Median Earnings
$1,031
Median Rent
$212,400
Median Home Value
Market
Average Price Trend$/SF for Office Units in Norman, OK
Properties on Market for Office Units in Norman
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A second-floor layout pairs private offices with a kitchenette and restroom for professional office use.
Where is this office unit located?
The property is located at 2401 Tee Circle #207 Norman, OK.
What are key features of this property?
This property features: Five private offices, one bathroom and a kitchenette; 1,200 SF second‑floor office suite; Cat‑6 wiring, central HVAC and fiber internet availability
