Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prominent Retail Center in Norman Title is generated by Realmo AI

    520-700 Ed Noble Parkway, Norman, OK 73072

    View on Map
    Claim this Listing
    For Lease
    $12 SF/Yr $341,819/Mo (calc)

    Retail power center with high visibility and easy highway access.

    Type:Retail
    Property size:
    341,819 SF
    Added:
    Nov 22, 2025
    Days on Market:
    189
    Last Refresh:
    May 19 at 8:45 pm

    Property Features for 520-700 Ed Noble Parkway

    General Information

    Standard status
    Active
    Size
    341,819 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Stuart Graham

    Listing agent Stuart Graham

    Listing office CBRE | Oklahoma City

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE | Oklahoma City

    HighLights

    • Prominent retail power center location.
    • Ideally situated along Interstate 1‑35.
    • Quick access to Interstate 35.
    • Outstanding visibility from Interstate 35.
    • Located between Main Street and Lindsey Street.
    • Strong household income in immediate trade area.

    Overview

    Parkway Plaza is a retail power center located in Norman, Oklahoma. The property is situated along Interstate I-35, between Main Street and Lindsey Street, offering quick access and visibility. The property size is 341819 square feet. The surrounding area has a strong household income.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.4869
    Latitude
    35.2125

    Nearby Similar for Lease

    • $1,552/Mo
      1,406 SF

      Modern Warehouse with Office Space

      Modern warehouse with office, built in 2020, in Norman.
      1820 W Tecumseh Road, Norman, OK 73069
      View Details
    • $1,552/Mo
      8,160 SF

      Modern Warehouse Built in 2020

      Modern warehouse with office, accessible bathroom, and garage space.
      1800 W Tecumseh Road, Norman, OK 73069
      View Details
    • $18 SF/Yr
      3,750 SF

      Grocery-Anchored Retail Space Available

      Retail space in Norman, OK, with strong co-tenancy.
      1209-1249 E Alameda St, Norman, OK 73071
      View Details
    • $20 SF/Yr
      4,200 SF

      Retail Space Near OU Campus

      Retail space available near the University of Oklahoma campus.
      Norman, OK 73072
      View Details
    • $20 SF/Yr
      1,156 SF

      Office Space on Campus Corner

      Office space for rent with conference room and parking.
      763 Asp Ave, Norman, OK 73069
      View Details
    • $24 SF/Yr
      5,297 SF

      Medical Office Space Available

      High-visibility medical office space with connectivity in Norman, Oklahoma.
      3501 24th Avenue Northwest, Norman, OK, 73069
      View Details
    • $33 SF/Yr
      8,004 SF

      Norman, OK Retail Space Available

      Retail space available near the University of Oklahoma.
      1300 West Lindsey Street, Norman, OK, 73069
      View Details
    • $12 SF/Yr
      540 SF

      Office Space Near I-35

      Office space for lease near I-35 and OU campus.
      2241 W Lindsey St, Norman, OK
      View Details
    • $32 SF/Yr
      4,679 SF

      Retail Space Near University

      Retail property located near the University of Oklahoma.
      1150 West Lindsey Street, Norman, OK, 73069
      View Details
    • $8 SF/Yr
      6,412 SF

      Norman Retail Space For Lease

      6,412 SF suite ideal for retail or service businesses.
      1024 N Flood Ave, Norman, OK
      View Details
    • $18 SF/Yr
      3,750 SF

      Norman Retail Space For Rent

      Retail space available in Norman with strong co-tenancy.
      1209-1249 Alameda St , Norman, OK
      View Details
    • $12 SF/Yr
      72,670 SF

      Norman Retail Space For Lease

      Retail property with high visibility and pylon signage available.
      2224-2300 W. Main Street, Norman, OK 73069
      View Details

    FAQs

    What type of property is this?
    Shopping mall - Retail power center with high visibility and easy highway access.
    Where is this shopping mall located?
    The property is located at 520-700 Ed Noble Parkway Norman, OK.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Prominent retail power center location.; Ideally situated along Interstate 1‑35.; Quick access to Interstate 35.
    (405) 607-6027
    We can help!
    Listing Contact
    Stuart Graham
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    520-700 Ed Noble Parkway, Norman, OK, 73072
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!