926 N Flood Ave, Norman, OK 73069
Commercial property in central Norman with redevelopment opportunity.
- Added:
- Oct 11, 2022
- Days on Market:
- 1367
- Last Refresh:
- Jul 4 at 6:41 am
Property Features for 926 N Flood Ave
General Information
- Standard status
- Active
- Size
- 7,478 SF
- Property subtype
- Land, Office, Retail
Listing office Equity Commercial Realty Advisors, LLC (405) 826-7975
Listing date Oct 11, 2022
Source Crexi
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 Equity Commercial Realty Advisors, LLC
HighLights
- Great central Norman location on North Flood.
- 2,772 square feet available in Unit 830.
- Fenced rear yard.
- Opportunity for redevelopment.
- Suitable for owner‑user or new tenant.
- Existing tenant on a month‑to‑month lease.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.2k | $15.00 |
| − Vacancy | −$5.6k | −$0.75 |
| EGI | $106.6k | $14.25 |
| − OpEx | −$32.0k | −$4.27 |
| NOI | $74.6k | $9.98 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Norman
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.4534547
- Latitude
- 35.2266632
