Three-Unit Retail
For Sale
Contact for pricing
926-932 N Flood Ave, Norman, OK 73069
Three-unit retail building with an enclosed rear patio, additional parking, and cross-fenced undeveloped land.
Property Size7,478 SF
Price / SF$160.47
Days on Market1299
Property Features for 926-932 N Flood Ave
General Information
Standard status
Active
Size
7,478 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
enclosed patio
additional parking
Building Details
Tenancy
Multi
Listing Agency:
Equity Commercial Realty Advisors - OKC
(405) 826-7975
Listed By:
Gayla Artman
(405) 826-7975
Source:
Moodyscre
Added: Jan 10, 2023
Changed: Jul 29
Last Checked: Jul 31 at 9:31AM
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 - OKC
Investment Insights
Based on property information with market context.
This is a three-unit retail building offered for sale or lease. Unit 926 is currently occupied, and the other available spaces were most recently used as a retail store, with layouts that would also work well as office space. The property includes an enclosed patio in the rear, along with additional parking, and a portion of undeveloped land in the rear that is cross-fenced.
The building is located in central Norman along Flood Street, a main thoroughfare. It is positioned just blocks from city offices with convenient access to downtown Norman and I-35.
The site combines multiple enclosed units with rear outdoor amenities and separate fenced space, creating flexibility for tenant use and future development within the same property footprint.
The building is located in central Norman along Flood Street, a main thoroughfare. It is positioned just blocks from city offices with convenient access to downtown Norman and I-35.
The site combines multiple enclosed units with rear outdoor amenities and separate fenced space, creating flexibility for tenant use and future development within the same property footprint.
Key Highlights
- Three‑unit retail building for sale or lease
- Unit 926 is currently occupied; available spaces previously used as a retail store and can serve as office space
- Enclosed rear patio plus additional parking
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 |
7,478 SF · lease $15.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.07M
$932.4K – $1.24M
NOI $74,593 @ 7.0% cap · market cap 6.22%
Second Best
Office B
$906.0K
$792.8K – $1.06M
NOI $63,421 @ 7.0% cap · market cap 5.29%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,454 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
958
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Three-unit retail building with an enclosed rear patio, additional parking, and cross-fenced undeveloped land.
Where is this retail space located?
The property is located at 926-932 N 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: Three‑unit retail building for sale or lease; Unit 926 is currently occupied; available spaces previously used as a retail store and can serve as office space; Enclosed rear patio plus additional parking
