Office Building on Corner
New
For Sale
Contact for pricing
3550 West Robinson Street, Norman, OK 73072
The property is positioned near I-35 and the University of Oklahoma, with restaurants and retailers nearby.
Property Size36,230 SF
Days on Market3
Property Features for 3550 West Robinson Street
General Information
Standard status
Active
Size
36,230 SF
Class
B
Property subtype
Office
Lease Term
NNN; Full Service
Additional Details
Highway Access
Yes
Building Details
Building Size
36,230 SF
Buildings
1
Properties For Sale
at 3550 West Robinson Street Contact usSuite 101
Size
1,851 SF
Term
Negotiable
Suite 102
Size
1,538 SF
Term
Negotiable
Suite b202
Size
1,098 SF
Term
Negotiable
Listing Agency:
Creek Commercial Realty, LLC
Listed By:
Tyler Huxley
(405) 973-8435
Source:
Tcnworldwide
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 8:03AM
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 Creek Commercial Realty, LLC
Ask AI about this property
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 occupies a corner at West Robinson Street in Norman. Its setting is described as suitable for office, medical, or institutional use, and the property includes on-site parking.
The site is near I-35 and the University of Oklahoma, with restaurants and retail businesses in the surrounding area.
The site is near I-35 and the University of Oklahoma, with restaurants and retail businesses in the surrounding area.
Key Highlights
- Corner location on West Robinson Street
- On‑site parking
- Near I‑35 and the University of Oklahoma
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$307,269
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,145,380
$6.1M
Cap Rate 7%
$4,389,557
$4.4M
Cap Rate 9%
$3,414,100
$3.4M
Market Conditions
NOI Build-Up for 36,230 SF
Gross rent
$552.1K $15.24/SF
− Vacancy
−$142.5K −$3.93/SF
EGI
$409.7K $11.31/SF
− OpEx
−$102.4K −$2.83/SF
NOI
$307.3K $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%
$6,145,380
Cap Rate 7%
$4,389,557
Cap Rate 9%
$3,414,100
Alternative Uses
Best Use
Office B
$4.39M
$3.84M – $5.12M
NOI $307,269 @ 7.0% cap · market cap 2,363,607.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.26M
$5.48M – $7.30M
NOI $438,238 @ 7.0% cap · market cap 3,371,061.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Office building - The property is positioned near I-35 and the University of Oklahoma, with restaurants and retailers nearby.
Where is this office building located?
The property is located at 3550 West Robinson Street Norman, OK.
What are key features of this property?
This property features: Corner location on West Robinson Street; On‑site parking; Near I‑35 and the University of Oklahoma
