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Financial
Distress signals
Property profile

1161 Sonoma Park Dr Norman, OK 73071

FOR LEASE
Retail space
Property ID
US69-0414997
4,500 SF 0.53 ac lot Built 1999
Last sale Nov 2017
Trust Owned Owner of record is a trust. 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$36k
Assessed land$8k
Assessed improvement$27k
Effective rate12.01%

Value estimate

· Oct 2026
$305k
$275k – $336k
CAP approach$690k
Submarket $/SF estimate$703k
NOI build-up
Gross scheduled income$70k
Vacancy & credit loss−$18k
Operating expenses−$13k
NOI · 205,331.58% cap applied$39k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$199/SF
Submarket average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$117 – $319
Qualifying comparables10

Cap rate analysis

How does the asset earn?
205,331.58%
$39k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCLEVELAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.5
Law Firm17.4
Hair Salon13.9

Location

1161 Sonoma Park Dr Norman, OK 73071
County assessor Recorded deeds · 1 transfer 10 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
622 Porter, Norman, OK 73071-6030 $1,000,000 Aug 2023 3,600 SF
405 Comanche, Norman, OK 73071-5801 $350,000 Dec 2022 2,312 SF
1491 Alameda, Norman, OK 73071-3010 $650,000 Dec 2021 2,501 SF
3420 Porter, Norman, OK 73071-7121 $305,500 Dec 2021 2,400 SF
3024 Classen, Norman, OK 73071-4055 $1,875,000 Jun 2021 4,305 SF
1230 Lindsey, Norman, OK 73071-2519 $900,000 Feb 2020 3,588 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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