Multifamily
For Sale
$729,000
Pending
434 Park Drive 436, Norman, OK 73069
The Norman asset dates to 1960 and occupies the northwest corner of Toberman and Park Drive.
Property Size4,800 SF
Days on Market9
Property Features for 434 Park Drive 436
General Information
Standard status
Pending
Size
4,800 SF
Property subtype
Residential Income
Site & Location
Neighborhood
University
Road Access
Yes
Amenities
Traditional
Building Details
Year Built
1960
Stories
1
Listing Agency:
Engel & Volkers Oklahoma City
Listed By:
Adam Dye · License #205759
(405) 306-9124
Source:
Evrealestate
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 30 at 2:21PM
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 Engel & Volkers Oklahoma City
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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.
Located at 434 Park Drive 436 in Norman, Oklahoma, this multifamily property was built in 1960. It sits at the northwest corner of Toberman and Park Drive.
Key Highlights
- Built in 1960
- At the northwest corner of Toberman and Park Drive in Norman
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,988
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,760
$799.8K
Cap Rate 7%
$571,257
$571.3K
Cap Rate 9%
$444,311
$444.3K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$77.8K $16.20/SF
− Vacancy
−$5.1K −$1.05/SF
EGI
$72.7K $15.15/SF
− OpEx
−$32.7K −$6.82/SF
NOI
$40.0K $8.33/SF
Area
Norman, OK
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,760
Cap Rate 7%
$571,257
Cap Rate 9%
$444,311
Alternative Uses
Best Use
Apartment 5plus
$571.3K
$499.9K – $666.5K
NOI $39,988 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$829.4K
$725.8K – $967.7K
NOI $58,061 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,994
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The Norman asset dates to 1960 and occupies the northwest corner of Toberman and Park Drive.
Where is this multifamily property located?
The property is located at 434 Park Drive 436 Norman, OK.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Built in 1960; At the northwest corner of Toberman and Park Drive in Norman
