Remodeled Commercial Building For
For Sale
Contact for pricing
527 E MAIN ST, Norman, OK
Versatile, remodeled commercial building suitable for retail, restaurant, or office.
Property Size1,150 SF
Lot Size0.08 Acres
Price / SF$217.39
Days on Market511
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 Agency:
Johnson Commercial Group
Listed By:
Chris Johnson · License #200452
(405) 435-3572
Source:
Moodyscre
Added: May 21, 2025
Changed: Oct 6
Last Checked: Oct 12 at 9:19PM
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.
This versatile property, with a beautifully remodeled interior, is suitable for retail, restaurant, or office use. The 1,150 square-foot space has been renovated from the studs up, featuring new stucco, electrical, plumbing, and HVAC systems. The property includes private parking in the back and public parking in front of the building. A fenced backyard offers additional parking. The property is currently leased to a single tenant and is located at 527 E MAIN ST, Norman, OK.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,471
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,420
$229.4K
Cap Rate 7%
$163,871
$163.9K
Cap Rate 9%
$127,456
$127.5K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$17.3K $15.00/SF
− Vacancy
−$863 −$0.75/SF
EGI
$16.4K $14.25/SF
− OpEx
−$4.9K −$4.27/SF
NOI
$11.5K $9.98/SF
Area
Norman, OK
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,420
Cap Rate 7%
$163,871
Cap Rate 9%
$127,456
Alternative Uses
Best Use
Retail
$163.9K
$143.4K – $191.2K
NOI $11,471 @ 7.0% cap · market cap 4.59%
Second Best
Office B
$139.3K
$121.9K – $162.6K
NOI $9,753 @ 7.0% cap · market cap 3.90%
Theoretical Best
Specialty Retail
$198.7K
$173.9K – $231.8K
NOI $13,910 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,986
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Versatile, remodeled commercial building suitable for retail, restaurant, or office.
Where is this office units located?
The property is located at 527 E MAIN ST Norman, OK.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 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.
