Flex Industrial Building with
For Sale
Contact for pricing
2745 Broce Drive, Norman, OK 73072
Three-unit flex setup combines office space with warehouse areas, each with an overhead door and private restroom.
Property Size10,800 SF
Price / SF$138.89
Days on Market53
Property Features for 2745 Broce Drive
General Information
Standard status
Active
Size
10,800 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Drive-In Doors
3
Building Details
Year Built
1981
Listing Agency:
Equity Commercial Realty Advisors, LLC
(405) 826-7975
Listed By:
Gayla Artman · License #OK 079819
Source:
Crexi
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 5 at 4:00PM
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 Equity Commercial Realty Advisors, LLC
Investment Insights
Based on property information with market context.
2745 Broce Dr is a flex-style industrial property configured for an owner-user or multi-unit operation. The building totals 10,800 SF and is divided into three separate units. Each unit includes warehouse space with an overhead door, along with a private restroom. Approximately 4,800 SF is designated as office space, supporting day-to-day administrative functions alongside warehouse operations.
The property is located in west Norman, near the intersection of 36th Ave NW and I-35. This placement provides convenient access for employees, customers, and distribution, and it supports a range of industrial, service, and contractor uses.
For tenants or buyers seeking a property that blends administrative space with functional warehouse access, this configuration can support operations that need both work areas and office coverage. The three-unit layout also offers flexibility for dividing space between different uses or occupants, with each unit independently served by an overhead door and private restroom.
The property is located in west Norman, near the intersection of 36th Ave NW and I-35. This placement provides convenient access for employees, customers, and distribution, and it supports a range of industrial, service, and contractor uses.
For tenants or buyers seeking a property that blends administrative space with functional warehouse access, this configuration can support operations that need both work areas and office coverage. The three-unit layout also offers flexibility for dividing space between different uses or occupants, with each unit independently served by an overhead door and private restroom.
Key Highlights
- Total 10,800 SF with a three‑unit flex layout combining office and warehouse space
- Approximately 4,800 SF of office space plus 6,000 SF of warehouse space
- Warehouse is divided into three units, each with an overhead door
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 | $164.6k | $15.24 |
| − Vacancy | −$42.5k | −$3.93 |
| EGI | $122.1k | $11.31 |
| − OpEx | −$30.5k | −$2.83 |
| NOI | $91.6k | $8.48 |
10,800 SF · lease $15.24/SF/yr · vacancy 25.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.31M
$1.14M – $1.53M
NOI $91,595 @ 7.0% cap · market cap 6.11%
Second Best
Warehouse
$1.11M
$970.8K – $1.29M
NOI $77,663 @ 7.0% cap · market cap 5.18%
Theoretical Best
Specialty Retail
$1.87M
$1.63M – $2.18M
NOI $130,637 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
921
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Three-unit flex setup combines office space with warehouse areas, each with an overhead door and private restroom.
Where is this flex space located?
The property is located at 2745 Broce Drive Norman, OK.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Total 10,800 SF with a three‑unit flex layout combining office and warehouse space; Approximately 4,800 SF of office space plus 6,000 SF of warehouse space; Warehouse is divided into three units, each with an overhead door
