527 E MAIN ST Norman, OK
Versatile, remodeled commercial building suitable for retail, restaurant, or office.
Property Features for 527 E MAIN ST
General Information
- Standard status
- Active
- Size
- 1,150 SF
- Lot size
- 0.08 Acres
- Property subtype
- OFFICE
Listing office Johnson Commercial Group (405) 435-3572
Listing date May 21, 2025
Source Moodyscre
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 Johnson Commercial Group
Investment Insights
Based on property information with market context.
Key Highlights
- Completely remodeled interior with new stucco, electrical, plumbing, and HVAC systems.
- Suitable for retail, restaurant, or office use.
- Private parking in the back and public parking in front.
Local Financial Insights For Retail
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 | $17.3k | $15.00 |
| − Vacancy | −$863 | −$0.75 |
| EGI | $16.4k | $14.25 |
| − OpEx | −$4.9k | −$4.27 |
| NOI | $11.5k | $9.98 |
