Technical
Financial
Distress signals
Property profile

1161 36th NW Ave Norman, OK 73072

OFF-MARKET
Banks
Property ID
US69-0517074
27,171 SF 1.36 ac lot Built 2002
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Norman, Oklahoma office complex presents a unique investment opportunity. Located on a 1.36-acre lot at the highly visible southeast corner of West Robinson and NW 36th Avenue, just west of I-35, this property comprises two office buildings totaling 38,033 square feet. The property boasts a recent appraisal of approximately $6.8 million, offering significant potential for appreciation. The buildings are currently partially occupied, with Armstrong Bank committed to a lease for a minimum of three to five years, providing immediate and stable income. Available office and retail spaces are offered for lease at a competitive rate of $20 per square foot, full service gross (FSG). This prime location provides excellent visibility and accessibility, making it ideal for a variety of businesses. The substantial size and strong tenant base make this a compelling investment opportunity for those seeking a high-return property in a thriving Norman market. The buildings offer a blend of existing tenancy and readily available space for immediate occupancy or future expansion, presenting a flexible and attractive proposition for discerning investors. The property's strategic location near I-35 ensures convenient access for employees and clients alike. This is a rare chance to acquire a well-maintained, high-value office complex in a desirable location.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2002
Construction STEEL FRAME
Total area 27,171 SF
Lot 1.36 ac (59,242 SF)
Zoning code ZN C1
APN NC29SPBK3 1 1001
UPID US69-0517074

Cap rate & NOI

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

Location

1161 36th NW Ave Norman, OK 73072
Norman metro Census 201512 OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$800k

Owner & transaction history

since 2025
Last sale
$4.7M
1 recorded transaction
2025
$4.7M

Zoning & alternative use

ZN C1 · Norman, OK

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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