Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Retail space
1130 Rambling Oaks Dr Norman, OK 73072-4222
Entity Owned
16-yr Hold
Free & Clear
Property ID
US69-0421277
Property summary
AI-generated overview
This exceptional 12,500-square-foot retail building, situated on a 0.68-acre lot in Norman, Oklahoma, presents a compelling investment opportunity. Constructed in 2005, the two-story brick structure boasts ample parking and is zoned CO. Currently, a portion of the building (1,485 square feet) is available for lease or purchase. The building previously housed La Baguette, making it ideally suited for a restaurant or similar business. The property's location on Norman's west side offers excellent visibility, potentially enhanced by a pole sign with Interstate visibility. The building features a single suite, offering flexibility for a variety of commercial uses. Detailed financial information is available upon request. The property is located at 1130 Rambling Oaks Dr, Norman, OK 73071, within Cleveland County. This is a rare opportunity to acquire a well-maintained commercial property in a thriving Oklahoma market.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
STEEL FRAME
Total area
12,500 SF
Lot
0.68 ac (29,621 SF)
Zoning code
ZN C1
APN
NC29SPS11 1 3002
UPID
US69-0421277
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Neidhart Insurance Insurance Agency
-
Hello Pho - Vietnamese Kitchen Restaurant
-
Elite Roofing OK Roofing Company General Contractor
-
Belle Vie Salon & Spa Nail Salon
-
The Hair Loft at Mystique Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$2.88M
Blend (final)
Blend
$2.38M
Owner & transaction history
Upper Crust Management LLC · 16 yrs held
Upper Crust Management LLC
since 2010
5 recorded transactions
Zoning & alternative use
ZN C1 · Norman, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
zoning ordinance 09 23 2022
Top alternative use upside
Restaurant
$3.7M
+49.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norman submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,080,000
6.5%
$1,920,000
7%
$1,780,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,485,000
Current use
RESTAURANT
$3,715,000
Change: +49% · Conversion: Easy
MEDICAL BUILDING
$2,470,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$2,140,000
Change: -14% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,090,000
Change: -16% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,060,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.38M
Range $2.14M – $2.61M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$190 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$22,743
Tax year 2023
Assessed value
$189,395
Assessed 2023
Previous assessed
$180,376
+5.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$53,149
Assessed improvement
$136,246
Land market value
$444,315
Improvement market value
$1,138,964
Total market value
$1,583,279
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
12,500 SF
Lot
0.68 ac (29,621 SF)
Zoning code
ZN C1
APN
NC29SPS11 1 3002
UPID
US69-0421277
Jurisdiction
CLEVELAND
Zoning & alternative use
ZN C1 · Norman, OKZoning ZN C1 · permitted uses
ZN C1 · Norman, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
zoning ordinance 09 23 2022
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.5M
RESTAURANT
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Upper Crust Management LLC
Entity
Free & Clear · 16 yrs held
Mailing address
620 N BERRY RD, NORMAN, OK 73069-7542
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2020
—
Upper Crust Management LLC
—
Deed
related
—
Sep 15, 2017
—
Upper Crust Management LLC
—
Deed
related
—
Jul 30, 2010
$1,800,001
Upper Crust Management LLC
Sks3 LLC
Grant Deed
related
—
—
—
Upper Crust Management LLC
—
Loan Modification
related
—
—
—
Upper Crust Management LLC
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1130 Rambling Oaks Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
