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Property profile & analytics
OFF-MARKET Estimated value $545,000
Retail space

1161 Sonoma Park Dr Norman, OK 73071-5119

4,500 SF 0.53 ac lot Built 1999
Trust Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US69-0414997
Property summary
AI-generated overview

This exceptional retail property, located at 1161 Sonoma Park Dr, Norman, OK 73071, offers 4,600 square feet of versatile space in a highly visible location. The building, constructed in 1999, is zoned C-1 and sits on a 0.53-acre lot. Currently, two individual suites are available, each boasting a minimum of 1,150 square feet. Each suite features a thoughtfully designed layout including a reception/open area, two private offices, a restroom, and convenient storage space. The building's single-story design provides easy accessibility. Ample parking is situated directly adjacent to the building, ensuring convenient access for both employees and customers. Excellent signage opportunities are available, including a prominent pole sign to maximize visibility and brand recognition. The property's strategic location at the intersection of Robinson and 12th Ave NE in Norman, Oklahoma, provides exceptional exposure to high traffic volume. This is an ideal opportunity for businesses seeking a well-maintained, conveniently located retail space with excellent visibility and ample parking. The property's multiple tenancy allows for flexibility and potential for diverse business combinations.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,500 SF
Lot 0.53 ac (23,087 SF)
APN NC29SONPR 2 2001
UPID US69-0414997
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
  • Investors Property Management Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$690k
Comparable Approach Comparable
$703k
Blend (final) Blend
$545k
Owner & transaction history
Young,arthur K Trust · 8 yrs held
Young,arthur K Trust
since 2017
1 recorded transaction
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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