Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3321 Tecumseh Rd Norman, OK 73072

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Norman retail, two suites available.

    Lot size:
    25,795 SF

    Property Features for 3321 Tecumseh Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,795 SF
    Total Rate
    51590

    Building Details

    Year Built
    2023

    Spaces For Lease

    at 3321 Tecumseh Rd, Norman, OK 73072 Contact us
    Unit Suite 137

    $24 /Mo

    Size
    2,010 SF
    Contact us
    Unit Suite 117

    $24 /Mo

    Size
    1,983 SF
    Contact us

    We can help!

    Listing Contact
    Kendra Streeter
    Kendra Streeter

    Listing Agency: Fleske Commercial Group Listing Agent: Kendra Streeter

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional retail opportunity presents two available suites within the newly constructed Tecumseh Crossing development in Northwest Norman, Oklahoma. Located at 3321 W Tecumseh Rd, 73072, this strip center offers a modern aesthetic and high visibility. The building totals 25,795 square feet, with two suites currently available. Each suite offers a flexible space ranging from 1,983 to 2,010 contiguous square feet, perfect for a variety of retail businesses. The property sits on a 0.87-acre lot and boasts ample parking for customers and employees. Built in 2023, the center benefits from modern construction and design, attracting a desirable tenant mix. The property's location in the Northwest Norman submarket of Cleveland County ensures high traffic counts and excellent accessibility. With only two spaces remaining, this is a rare chance to secure a prime location in a thriving retail area. Don't miss this opportunity to establish your business in this attractive and well-positioned development. The property features a total of 3,993 square feet of vacant space. This is a fantastic opportunity for businesses seeking a modern, well-located space in a growing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BOSS Nail Spa ... Nail Salon Paris Banh Mi ... Restaurant Pulse Energy and Nutrition Restaurant Quest Diagnostics Medical Laboratory Essence Aesthetics Spa & Massage Center

    Suggested Use

    Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.49172913
    Latitude
    35.2619928

    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 Rd, 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 Rd, Norman, OK 73069
      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 St, Norman, OK 73069
      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
    • Contact for pricing
      566,747 SF

      Retail Space at University Center

      Retail space for lease in Norman's University Town Center.
      1400 24Th Ave NW, Norman, OK 73072
      View Details
    • $20 SF/Yr
      1,800 SF

      Retail Space Near University Campus

      Retail space available near the University of Oklahoma campus.
      1065-1067 36Th Ave NW, Norman, OK 73072
      View Details
    • $18 SF/Yr
      1,520 SF

      Retail Space in Upscale Center

      Retail space available in Norman's premier lifestyle center.
      3770 W Robinson St, Norman, OK 73072
      View Details
    • $16 SF/Yr
      1,000 SF

      Retail Space in High-Traffic Center

      Retail space available in Norman's highest-traffic shopping center.
      2203 W Main St, Norman, OK 73069
      View Details
    • $18 SF/Yr
      4,320 SF

      Retail Space in Upscale Center

      Retail space available in a well-maintained community center.
      3720 W Robinson St, Norman, OK 73072
      View Details
    • $25 SF/Yr
      1,025 SF

      Office Space with I-35 Visibility

      Office space with high visibility and easy highway access.
      6401 N Interstate Dr, Norman, OK 73069
      View Details
    • $12 SF/Yr
      1,688 SF

      Prominent Retail Space on Parkway

      Retail space with high visibility and strong anchor tenants.
      560 Ed Noble Pkwy, Norman, OK 73072
      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 73071
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Prime Norman retail, two suites available.
    Where is this neighborhood center located?
    The property is located at 3321 Tecumseh Rd Norman, OK.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Modern, newly constructed building.; High-traffic location on Tecumseh Road, with easy I-35 and Hwy 77 access.; Abundant parking available.
    (405) 701-3505 Call to check price and availability
    Request Owner's contact information
    3321 Tecumseh Rd Norman, OK 73072
    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.
    3321 Tecumseh Rd
    Norman, OK 73072
    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
    3321 Tecumseh Rd Norman, OK 73072
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kendra Streeter
    Kendra Streeter
    Real Estate License ID: #182589
    (405) 701-3505 (405) 590-7202
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!