Property profile

1100 E Constitution St Norman, OK 73072

FOR LEASE
Retail space
Property ID
US69-0200411
12,690 SF 1.73 ac lot Built 2008
Entity Owned 18-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity in Norman, Oklahoma, presents a 3,556 square foot vacant space within a 12,768 square foot strip center located at 1100 E. Constitution. The property boasts a prime location offering high visibility and ample parking for both tenants and customers. The modern and versatile layout is suitable for a variety of retail concepts, from a single storefront to a larger strip center operation. Responsive management services ensure a smooth and efficient tenant experience. This property is perfectly positioned for businesses seeking to establish a strong retail presence in a thriving Norman commercial area. The available space offers significant potential for growth and success, making it an ideal investment for retailers looking to capitalize on a high-traffic location. The building's design and amenities are geared towards maximizing customer convenience and tenant satisfaction. Don't miss this chance to secure a prominent retail location in a desirable Norman, OK commercial district. This is a rare opportunity to establish a successful business in a high-demand area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2008
Construction STEEL FRAME
Total area 12,690 SF
Lot 1.73 ac (75,359 SF)
APN NC29NATTC 37 002
UPID US69-0200411

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Distribution Center
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice

Location

1100 E Constitution St Norman, OK 73072
Norman metro Census 201303 OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.95M
Comparable Approach Comparable
$2.59M
Blend (final) Blend
$2.22M

Owner & transaction history

since 2008
7 recorded transactions
2020
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
2016
Price N/A
2008
$1.1M
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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