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    926 Flood Ave Norman, OK 73069

    Sponsored
    For Sale
    $1,200,000

    Redevelopment Opportunity: 7,478 SF, Multi-Tenant

    Property size:
    7,478 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Norman, Oklahoma commercial property presents a compelling redevelopment opportunity. Located at 926 N Flood Ave, this 0.28-acre lot features a single-story, 7,478 square foot building currently housing two tenants, one on a month-to-month lease. The property is classified as Class C and offers a modified lease type. The building comprises three units totaling 7,478 square feet, with Unit 930 encompassing 2,772 square feet and Unit 932 measuring 1,219 square feet. An additional 3,991 square feet is available for an owner-user or new tenant. The property boasts a great location in central Norman and includes a fenced rear yard. The asking price is $1,200,000, translating to $160.47 per square foot. This multi-tenant investment opportunity is ideal for investors seeking redevelopment potential in a thriving Oklahoma market. The property's central location and existing tenancy provide immediate income potential while offering significant upside through renovation or repurposing. This is a rare chance to acquire a substantial commercial property in a desirable area.

    Property Features for 926 Flood Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,478 SF
    Class
    C
    Lot Size
    12,197 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • $1,200,000 asking price for a redevelopment opportunity.
    • 7,478 square feet on a 0.28‑acre lot in Norman, Oklahoma.
    • Multi‑tenant property with two current tenants, one month‑to‑month.
    • 3,991 square feet available for owner‑user or new tenant.
    • Property consists of one building with three units, totaling 7,478 square feet.
    • Located at 926 N Flood Ave, Norman, OK 73069.
    Property Profile Location Intelligence

    Current Use by Public Records

    Norman School for Strings Music School

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office 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
    -97.453115462804
    Latitude
    35.226841589508

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    FAQs

    What type of property is this?
    Individual retail property - Redevelopment Opportunity: 7,478 SF, Multi-Tenant
    Where is this individual retail property located?
    The property is located at 926 Flood Ave Norman, OK.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for a redevelopment opportunity.; 7,478 square feet on a 0.28-acre lot in Norman, Oklahoma.; Multi-tenant property with two current tenants, one month-to-month.
    Request Owner's contact information
    926 Flood Ave Norman, OK 73069
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    Norman, OK 73069
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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
    926 Flood Ave Norman, OK 73069
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