Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space Near Interstate Title is generated by Realmo AI

    1232 N Interstate Dr, Norman, OK 73072

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with high visibility and easy access.

    Type:Retail
    Added:
    Dec 28, 2023
    Days on Market:
    871
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 1232 N Interstate Dr

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 1232 N Interstate Dr Contact us

    1254 N Interstate Dr. $12/Mo

    Size
    1,150 SF
    Type
    Retail
    Contact us

    1276 N Interstate Dr. $12/Mo

    Size
    1,260 SF
    Type
    Retail
    Contact us

    1282 N Interstate Dr. $12/Mo

    Size
    4,100 SF
    Type
    Retail
    Contact us

    1284 N Interstate Dr. $12/Mo

    Size
    4,100 SF
    Type
    Retail
    Contact us

    1370 N Interstate Dr. Suite 152 $14/Mo

    Size
    967 SF
    Type
    Retail
    Contact us

    1308 N Interstate Dr. $12/Mo

    Size
    1,400 SF
    Type
    Retail
    Contact us
    Show more

    We can help!

    Listing Contact
    ali ghaniabadi

    Listing agent ali ghaniabadi License #FLBO

    Listing office Brady's Properties

    Listing date Dec 28, 2023

    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 Brady's Properties

    HighLights

    • High visibility from Interstate I‑35
    • Easy access from the Robinson Street exit on I‑35
    • Anchored by an AMC Theaters
    • Benefits from traffic to Oklahoma City and University of Oklahoma sporting events
    • Good mix of service, retail, and restaurant tenants
    • Ideal location for businesses seeking space on the west side of Norman

    Overview

    Robinson Crossing is a commercial property that benefits from its location near I-35, which brings traffic to both Oklahoma City and Norman, particularly from visitors attending University of Oklahoma sporting events. The property is highly visible from the Interstate and easily accessible from the Robinson Street exit. Anchored by an AMC Theaters, Robinson Crossing features a mix of service, retail, and restaurant tenants. This center is suitable for businesses seeking space on the west side of Norman.
    Location Intelligence

    Current Use by Public Records

    Farmers Insurance Group Insurance Agency TAC Real Estate ... Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Parkway Plaza Shopping Center — 520 Ed Noble Pkwy, Norman, OK 73072
    • Sunglass Hut — 3345 W Main St, Norman, OK 73072
    • Sooner Mall — 3301 W Main St, Norman, OK 73072
    • River Oaks Plaza — W Main St, Norman, OK 73072
    • Sooner West Plaza — 130 36th Ave NW, Norman, OK 73072

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.488426
    Latitude
    35.233105

    Nearby Similar for Lease

    • $1,552/Mo
      1,406 SF

      Modern Warehouse with Office Space

      Modern warehouse with office, built in 2020, in Norman.
      1820 W Tecumseh Road, Norman, OK 73069
      View Details
    • $1,552/Mo
      8,160 SF

      Modern Warehouse Built in 2020

      Modern warehouse with office, accessible bathroom, and garage space.
      1800 W Tecumseh Road, Norman, OK 73069
      View Details
    • $18 SF/Yr
      3,750 SF

      Grocery-Anchored Retail Space Available

      Retail space in Norman, OK, with strong co-tenancy.
      1209-1249 E Alameda St, Norman, OK 73071
      View Details
    • $20 SF/Yr
      4,200 SF

      Retail Space Near OU Campus

      Retail space available near the University of Oklahoma campus.
      Norman, OK 73072
      View Details
    • $24 SF/Yr
      5,297 SF

      Medical Office Space Available

      High-visibility medical office space with connectivity in Norman, Oklahoma.
      3501 24th Avenue Northwest, Norman, OK, 73069
      View Details
    • $12 SF/Yr
      540 SF

      Office Space Near I-35

      Office space for lease near I-35 and OU campus.
      2241 W Lindsey St, Norman, OK
      View Details
    • $8 SF/Yr
      6,412 SF

      Norman Retail Space For Lease

      6,412 SF suite ideal for retail or service businesses.
      1024 N Flood Ave, Norman, OK
      View Details
    • $18 SF/Yr
      3,750 SF

      Norman Retail Space For Rent

      Retail space available in Norman with strong co-tenancy.
      1209-1249 Alameda St , Norman, OK
      View Details
    • $33 SF/Yr
      8,004 SF

      Norman, OK Retail Space Available

      Retail space available near the University of Oklahoma.
      1300 West Lindsey Street, Norman, OK, 73069
      View Details
    • $32 SF/Yr
      4,679 SF

      Retail Space Near University

      Retail property located near the University of Oklahoma.
      1150 West Lindsey Street, Norman, OK, 73069
      View Details
    • $16 SF/Yr
      1,000 SF

      Retail Space in High-Traffic Center

      Retail space available in Norman's highest-traffic shopping center.
      2203 W Main St, Norman, OK
      View Details
    • $12 SF/Yr
      72,670 SF

      Norman Retail Space For Lease

      Retail property with high visibility and pylon signage available.
      2224-2300 W. Main Street, Norman, OK 73069
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space with high visibility and easy access.
    Where is this shopping center located?
    The property is located at 1232 N Interstate Dr Norman, OK.
    What are key features of this property?
    This property features: High visibility from Interstate I‑35; Easy access from the Robinson Street exit on I‑35; Anchored by an AMC Theaters
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    ali ghaniabadi
    Real Estate License ID: FLBO
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1232 N Interstate Dr, Norman, OK 73072
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!