Two-Suite Office
For Sale
$1,150,000
901 Wall Street #909, Norman, OK 73069
An occupied suite provides lease income while the second suite is vacant and available for a new occupant.
Property Size5,031 SF
Price / SF$228.58
Days on Market253
Property Features for 901 Wall Street #909
General Information
Standard status
Active
Size
5,031 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Office Units
2
Tenant in Place
Yes
Property Use
Office
Building Details
Building Size
5,031 SF
Year Built
2004
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
828 Real Estate LLC
(405) 701-8881
Listed By:
Chrystal Raprich · License #202367
(405) 590-5863
Source:
Carlallsrealestate
Added: Feb 16
Changed: Oct 26
Last Checked: Oct 26 at 3:36AM
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 828 Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,031-square-foot office building contains two suites and was built in 2004. Suite 901 has a tenant under lease with annual rent increases scheduled through April 2029. Suite 909 is vacant. The property is zoned Commercial and includes on-site parking.
Located on Wall Street in Norman, the building sits off 24th Ave SW, with major roadways, retail, and services nearby.
Located on Wall Street in Norman, the building sits off 24th Ave SW, with major roadways, retail, and services nearby.
Key Highlights
- Two office suites totaling 5,031 square feet
- Suite 901 is leased with annual rent escalations through April 2029
- Vacant suite 909 is available for 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
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,142
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - An occupied suite provides lease income while the second suite is vacant and available for a new occupant.
Where is this office building located?
The property is located at 901 Wall Street #909 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; Vacant suite 909 is available for occupancy
