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    938 Flood Ave Norman, OK 73069

    Sponsored
    For Lease
    $14 SF/Yr ($5,366 /Mo)

    High-visibility, renovated office/retail space

    Lot size:
    4,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 4,600-square-foot commercial property at 938 N Flood Ave in Norman, Oklahoma, presents a unique investment opportunity. The building, constructed in 1974 and extensively renovated in 2020, features a single-story structure with a 10-foot ceiling height. Currently, 2,800 square feet are vacant, offering flexibility for a variety of uses. The existing layout includes two ADA-compliant bathrooms, an office, a bar area, and ample storage. Recent upgrades include a new foam roof, three-phase electric service with a 200-amp panel, a 7.5-ton rooftop unit, new plumbing, lighting, and interior/exterior paint. The property sits on 1.93 acres of land and boasts 35 parking spaces, with additional parking available in a large adjacent lot. Its prime location on N. Flood Ave, between Robinson Ave and Acres St., offers excellent visibility and proximity to downtown Norman and the University of Oklahoma campus. The C-2 zoning allows for diverse commercial uses, including retail, restaurant, or office space. The asking price is $14 per square foot, NNN. This property is ideal for a business seeking a well-maintained, versatile space in a thriving Norman location.

    Property Features for 938 Flood Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,600 SF
    Class
    C
    Total Rate
    5366.67

    Building Details

    Year Built/Renovated
    1974/2020
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    4,600 SF
    Rate per SF
    $14

    HighLights

    • High visibility on N. Flood Ave, a major North/South thoroughfare leading to downtown Norman and the University of Oklahoma.
    • Ample on‑site parking with surplus land for expansion.
    • Excellent location for retail or commercial use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    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
    -97.453016658203
    Latitude
    35.227051266871

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    FAQs

    What type of property is this?
    Restaurant - High-visibility, renovated office/retail space
    Where is this restaurant located?
    The property is located at 938 Flood Ave Norman, OK.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: High visibility on N. Flood Ave, a major North/South thoroughfare leading to downtown Norman and the University of Oklahoma.; Ample on-site parking with surplus land for expansion.; Excellent location for retail or commercial use.
    Request Owner's contact information
    938 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
    938 Flood Ave Norman, OK 73069
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