Office
2921 Adams Rd Norman, OK 73069
2921 Adams Rd, Norman, OK, 73069
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For Sale
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Office building offered for sale with 7,951 square feet of space.
Property Size7,951 SF
Price / SF$250
Days on Market159
Property Features for 2921 Adams Rd
General Information
- Standard status
- Active
- Size
- 7,951 SF
- Property subtype
- Office
Listing agency
ROI Real Estate LLC
Listed by
Blake Matthews · License #OK
Source
Crexi
Added: Feb 13 Updated: Jul 21 at 9:04PM Checked: Jul 21 at 9:04PM
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 property is an office building totaling 7,951 square feet, offered for sale. The listing is described as office space, providing a dedicated commercial setting for business use.
The property is located at 2921 Adams Rd in Norman, Oklahoma. Public remarks reflect the total building size and office use; no additional tenant, layout, or amenity details are provided in the available information.
The property is located at 2921 Adams Rd in Norman, Oklahoma. Public remarks reflect the total building size and office use; no additional tenant, layout, or amenity details are provided in the available information.
Key Highlights
- Office building for sale offering 7,951 sq ft of space
Local 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 | $121.2k | $15.24 |
| − Vacancy | −$31.3k | −$3.93 |
| EGI | $89.9k | $11.31 |
| − OpEx | −$22.5k | −$2.83 |
| NOI | $67.4k | $8.48 |
7,951 SF · lease $15.24/SF/yr · vacancy 25.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$963.3K
$842.9K – $1.12M
NOI $67,433 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $96,175 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office building offered for sale with 7,951 square feet of space.
Where is this office units located?
The property is located at 2921 Adams Rd Norman, OK.
What is the asking price?
The asking price for this property is $1,987,750.
What are key features of this property?
This property features: Office building for sale offering 7,951 sq ft of space
