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    1125 Porter Ave Norman, OK 73071

    For Sale
    $360,000

    Two executive suites, fully occupied.

    Property size:
    2,565 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents two connected, fully occupied executive suites totaling 2,565 square feet, ideally situated in Norman, Oklahoma. Located at 1125 N Porter Ave, Suite 200 & 206, this Class C multi-tenant property boasts a prime location on the second floor, conveniently accessible via elevator. Currently utilized as a medical office, the space offers significant versatility. Suite 200 encompasses 1,273 square feet and features a spacious waiting room, reception area, open workspace, three examination rooms (each with sinks), a large nurse's office, a laboratory with sink, a patient restroom with pass-through, and a staff restroom. Suite 206, spanning 1,292 square feet, includes four private offices, three restrooms (two public, one private), a waiting room currently used as a classroom, a resource room (formerly a reception area), a large kitchen and common area, and ample storage. Built in 1982, this property offers a strong return on investment with 100% occupancy. The asking price is $360,000. This property is perfect for investors seeking a stable, high-occupancy medical office investment in a thriving Norman location. The connected suites provide flexibility for a variety of uses. Don't miss this chance to acquire a well-established and profitable commercial property.

    Property Features for 1125 Porter Ave

    General Information

    Property type
    Medical offices
    Square Feet
    2,565 SF
    Class
    C

    Building Details

    Year Built
    1982
    Units
    2

    HighLights

    • Two connected executive suites totaling 2,565 square feet of office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rosko Charlotte K Psychologist Edith K. Ragland, ... Psychologist Aubrey O. Washington, ... Psychologist Eden Clinic Women'S Health Clinic RVC Oklahoma | Norman Ophthalmology Clinic

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.4402168
    Latitude
    35.232118

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    FAQs

    What type of property is this?
    Medical office - Two executive suites, fully occupied.
    Where is this medical office located?
    The property is located at 1125 Porter Ave Norman, OK.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: Two connected executive suites totaling 2,565 square feet of office space.; ;
    Request Owner's contact information
    1125 Porter Ave Norman, OK 73071
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    Realmo Value Estimation

    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.

    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.

    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
    1125 Porter Ave Norman, OK 73071
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