Flex Space with Attached
For Sale
Contact for pricing
800 W Rock Creek Rd Unit 107, Norman, OK 73069
Combined office and work areas include storage capacity, equipment space, and distribution functionality.
Property Size15,000 SF
Price / SF$0.09
Days on Market58
Property Features for 800 W Rock Creek Rd Unit 107
General Information
Standard status
Active
Size
15,000 SF
Additional Details
Highway Access
Yes
Amenities
reception/lobby area
two private offices
storage closet
full bathroom
attached garage/warehouse area
Building Details
Year Built
1982
Listing Agency:
Brick and Beam Realty
Listed By:
Chris Johnson · License #200452
(903) 583-8538
Source:
Theokclife
Added: Aug 20
Changed: Oct 6
Last Checked: Oct 7 at 2:31PM
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 Brick and Beam Realty
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Investment Insights
Based on property information with market context.
Suite 107 at 800 W Rock Creek Rd provides 1,250 SF of flex space with a practical mix of office and work areas. The interior includes a reception and lobby area, two private offices, a storage closet, and a full bathroom. An attached garage and warehouse area adds space for light storage, equipment, or distribution needs.
The property is in North Norman with access to I-35 via Flood Avenue. Built in 1982, the suite is configured for a small contractor, service business, or owner-user seeking office and operational space within one property.
The property is in North Norman with access to I-35 via Flood Avenue. Built in 1982, the suite is configured for a small contractor, service business, or owner-user seeking office and operational space within one property.
Key Highlights
- 1,250 SF of flex space in Suite 107
- Reception and lobby area with two private offices
- Attached garage and warehouse area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,830
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,776,600
$1.8M
Cap Rate 7%
$1,269,000
$1.3M
Cap Rate 9%
$987,000
$987.0K
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$135.0K $9.00/SF
− Vacancy
−$8.1K −$0.54/SF
EGI
$126.9K $8.46/SF
− OpEx
−$38.1K −$2.54/SF
NOI
$88.8K $5.92/SF
Area
Norman, OK
Vacancy
6.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,776,600
Cap Rate 7%
$1,269,000
Cap Rate 9%
$987,000
Alternative Uses
Best Use
Office B
$1.82M
$1.59M – $2.12M
NOI $127,216 @ 7.0% cap · market cap 9,423.41%
Second Best
Warehouse
$1.54M
$1.35M – $1.80M
NOI $107,865 @ 7.0% cap · market cap 7,990.00%
Theoretical Best
Specialty Retail
$2.59M
$2.27M – $3.02M
NOI $181,440 @ 7.0% cap · market cap 13,440.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Combined office and work areas include storage capacity, equipment space, and distribution functionality.
Where is this flex space located?
The property is located at 800 W Rock Creek Rd Unit 107 Norman, OK.
What are key features of this property?
This property features: 1,250 SF of flex space in Suite 107; Reception and lobby area with two private offices; Attached garage and warehouse area
