Office
For Sale
Contact for pricing
2761 Washington Drive, Norman, OK 73069
Office property with convenient I-35 access and proximity to downtown Oklahoma City and south Norman.
Property Size4,068 SF
Price / SF$275
Days on Market55
Property Features for 2761 Washington Drive
General Information
Standard status
Active
Size
4,068 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Listing Agency:
ROI Real Estate LLC
Listed By:
Isaac Christian · License #OK
Source:
Crexi
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 26 at 12:39PM
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 office building contains 4,068 square feet of commercial space. Its location provides easy access to I-35, with downtown Oklahoma City and south Norman both within minutes.
Key Highlights
- 4,068 square feet of office space
- Easy access to I‑35
- Minutes from downtown Oklahoma City
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,501
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,020
$690.0K
Cap Rate 7%
$492,871
$492.9K
Cap Rate 9%
$383,344
$383.3K
Market Conditions
NOI Build-Up for 4,068 SF
Gross rent
$62.0K $15.24/SF
− Vacancy
−$16.0K −$3.93/SF
EGI
$46.0K $11.31/SF
− OpEx
−$11.5K −$2.83/SF
NOI
$34.5K $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%
$690,020
Cap Rate 7%
$492,871
Cap Rate 9%
$383,344
Alternative Uses
Best Use
Office B
$492.9K
$431.3K – $575.0K
NOI $34,501 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$703.0K
$615.1K – $820.1K
NOI $49,207 @ 7.0% cap · market cap 4.40%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
194
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office property with convenient I-35 access and proximity to downtown Oklahoma City and south Norman.
Where is this office building located?
The property is located at 2761 Washington Drive Norman, OK.
What is the asking price?
The asking price for this property is $1,118,700.
What are key features of this property?
This property features: 4,068 square feet of office space; Easy access to I‑35; Minutes from downtown Oklahoma City
