Multi-Tenant Medical Office
701 East Robinson Street Norman, OK 73071
For Sale
Contact for pricing
Multi-tenant medical office facility with a shared entrance and common areas, built in 2003.
Property Size15,492 SF
Price / SF$165
Days on Market10
Property Features for 701 East Robinson Street
General Information
Standard status
Active
Size
15,492 SF
Property subtype
Retail, Office, Mixed Use
Building Details
Year Built
2003
Listing Agency:
ROI Real Estate LLC
Listed By:
Isaac Christian · License #OK
Source:
Crexi
Added: Jul 21
Changed: Jul 29
Last Checked: Jul 29 at 5:55PM
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 ROI Real Estate LLC
Investment Insights
Based on property information with market context.
701 E Robinson St is a multi-tenant medical office facility designed to support a variety of healthcare-related uses. The building includes a shared entrance and common areas, creating a straightforward setup for medical practices that benefit from shared access.
The property is positioned along a well-traveled east-west corridor in Norman, Oklahoma, with convenient access to Norman Regional Hospital. It is also surrounded by other medical practices, restaurants, and neighborhood services, supporting a consistent local demand base.
Built in 2003, the facility offers 15,492 SF for medical office occupancy and related business needs within the Oklahoma City metropolitan area.
The property is positioned along a well-traveled east-west corridor in Norman, Oklahoma, with convenient access to Norman Regional Hospital. It is also surrounded by other medical practices, restaurants, and neighborhood services, supporting a consistent local demand base.
Built in 2003, the facility offers 15,492 SF for medical office occupancy and related business needs within the Oklahoma City metropolitan area.
Key Highlights
- Multi‑tenant medical office facility with shared entrance and common areas
- Convenient access to Norman Regional Hospital and surrounding medical practices
- Built in 2003
Financial Insights For Healthcare Medical
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 | $295.6k | $19.08 |
| − Vacancy | −$27.2k | −$1.76 |
| EGI | $268.4k | $17.32 |
| − OpEx | −$107.4k | −$6.93 |
| NOI | $161.0k | $10.39 |
15,492 SF · lease $19.08/SF/yr · vacancy 9.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.30M
$2.01M – $2.68M
NOI $161,036 @ 7.0% cap · market cap 6.30%
Second Best
Office B
$1.88M
$1.64M – $2.19M
NOI $131,389 @ 7.0% cap · market cap 5.14%
Theoretical Best
Specialty Retail
$2.68M
$2.34M – $3.12M
NOI $187,391 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Multi-tenant medical office facility with a shared entrance and common areas, built in 2003.
Where is this medical office space located?
The property is located at 701 East Robinson Street Norman, OK.
What is the asking price?
The asking price for this property is $2,556,180.
What are key features of this property?
This property features: Multi‑tenant medical office facility with shared entrance and common areas; Convenient access to Norman Regional Hospital and surrounding medical practices; Built in 2003
