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    500 Robinson St Norman, OK 73071

    Sponsored
    For Lease
    $23 SF/Yr

    Norman, OK - 1,983 SF Available

    Lot size:
    43,097 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Doctors Park, located at 500 E Robinson St, Norman, OK 73071, offers a prime medical office opportunity. This Class B multi-tenant building, totaling 43,097 square feet, underwent renovations in 2023. The property features two single-story buildings situated on 3.6 acres of land, zoned C-1 in Cleveland County. Currently, 1,983 square feet of space is immediately available, with a minimum divisible space of 1,983 square feet. The building boasts a total of 15 suites, providing flexibility for various medical practices. The ample parking provides a convenient 5.13 spaces per 1,000 square feet. Its convenient location near downtown Norman and other medical facilities makes it an attractive option for healthcare professionals. The building's floor area ratio (FAR) is 2.7. Doctors Park Pharmacy is an existing tenant within the complex, built in 1971, offering established presence and potential synergy. The cross street is Porter. This property presents a unique opportunity to establish or expand a medical practice in a well-maintained and strategically located building. The property offers a blend of established tenancy and immediate availability, making it an ideal investment for those seeking a foothold in the thriving Norman medical market.

    Property Features for 500 Robinson St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,097 SF
    Class
    B
    Total Rate
    82602.58

    Building Details

    Year Built/Renovated
    1971/2023
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 400
    Size
    2,328 SF
    Rate per SF
    $23

    HighLights

    • Prime medical office opportunity in Norman, OK, totaling 43,097 square feet.
    • Class B, multi‑tenant building with 15 suites, renovated in 2023.
    • 1,983 square feet immediately available, minimum divisible space 1,983 square feet.
    • Located on 3.6 acres, zoned C‑1, with ample parking (5.13 spaces per 1,000 sq ft).
    • Convenient location near downtown Norman and other medical facilities.
    • Existing tenant, Doctors Park Pharmacy, provides established presence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Samuel E. ... Urologist Farhan Jawed (MD) Psychiatrist Pulmonary Clinic Medical Clinic Norman Regional Internal ... Internist Norman Regional Internal ... Family Practice Physician

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.43927661
    Latitude
    35.232588

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    FAQs

    What type of property is this?
    Medical office - Norman, OK - 1,983 SF Available
    Where is this medical office located?
    The property is located at 500 Robinson St Norman, OK.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Prime medical office opportunity in Norman, OK, totaling 43,097 square feet.; Class B, multi-tenant building with 15 suites, renovated in 2023.; 1,983 square feet immediately available, minimum divisible space 1,983 square feet.
    Request Owner's contact information
    500 Robinson St Norman, OK 73071
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    Norman, OK 73071
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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
    500 Robinson St Norman, OK 73071
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