Two-Suite Office
901 Wall Street, Norman, OK 73069
For Sale
$1,150,000
Pending
Commercial Sale, Norman, OK
Property Size5,031 SF
Lot Size0.39 Acres
Days on Market272
Property Features for 901 Wall Street
General Information
Property type
Property subtype
Zoning
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Property Use
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Buildings
Listing Agency:
828 Real Estate LLC
(405) 701-8881
Listed By:
Chrystal Raprich · License OK #202367
(405) 590-5863
Added: Feb 16
Changed: Nov 5
Last Checked: Nov 14 at 9:06AM
MLS# 1214683
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,031-square-foot office property contains two suites within a building constructed in 2004. Suite 901 is occupied under a lease that includes annual rent escalations through April 2029. Suite 909 is vacant and configured for immediate occupancy, supporting either an owner-user arrangement or a second tenancy. The property has a functional office layout, on-site parking, and public water and sewer service.
Located at 901 Wall Street in Norman, Oklahoma, the property sits in an established business area off 24th Ave SW. Major roadways, retail, and services are nearby, providing convenient access for clients and staff. The 0.39-acre site is zoned Commercial.
Located at 901 Wall Street in Norman, Oklahoma, the property sits in an established business area off 24th Ave SW. Major roadways, retail, and services are nearby, providing convenient access for clients and staff. The 0.39-acre site is zoned Commercial.
Key Highlights
- Two office suites totaling 5,031 square feet
- Suite 901 is leased with annual rent escalations through April 2029
- Suite 909 is vacant and ready for immediate occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,668
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,360
$853.4K
Cap Rate 7%
$609,543
$609.5K
Cap Rate 9%
$474,089
$474.1K
Market Conditions
NOI Build-Up for 5,031 SF
Gross rent
$76.7K $15.24/SF
− Vacancy
−$19.8K −$3.93/SF
EGI
$56.9K $11.31/SF
− OpEx
−$14.2K −$2.83/SF
NOI
$42.7K $8.48/SF
Area
Norman, OK
Vacancy
25.80%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,360
Cap Rate 7%
$609,543
Cap Rate 9%
$474,089
Alternative Uses
Best Use
Office B
$609.5K
$533.4K – $711.1K
NOI $42,668 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$869.4K
$760.7K – $1.01M
NOI $60,855 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,142
Businesses Nearby
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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
$212,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Norman, OK
Properties on Market for Office Units in Norman
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - One suite is leased through April 2029, while the second is vacant for immediate occupancy.
Where is this office unit located?
The property is located at 901 Wall Street Norman, OK.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two office suites totaling 5,031 square feet; Suite 901 is leased with annual rent escalations through April 2029; Suite 909 is vacant and ready for immediate occupancy
