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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Strip malls
1337 Lindsey St, Norman, OK 73071-2520
Entity Owned
9-yr Hold
Free & Clear
Property ID
US69-0639212
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
104,217 SF
Lot
8.27 ac (360,241 SF)
Zoning code
C2
APN
NC29CNESA 1 1001
UPID
US69-0639212
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
-
First Fidelity Bank - Lindsey Street Bank Loan Service
-
Buddy's Home Furnishings Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$1.71M
Owner & transaction history
Hoppenstein Properties INC · 9 yrs held
Hoppenstein Properties INC
since 2017
7 recorded transactions
Zoning & alternative use
C2 · Norman, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,755,000
Current use
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±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
$16 / 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
$82,656
Tax year 2023
Assessed value
$688,344
Assessed 2023
Previous assessed
$688,344
+0.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$216,192
Assessed improvement
$472,152
Land market value
$1,801,605
Improvement market value
$3,934,595
Total market value
$5,736,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
104,217 SF
Lot
8.27 ac (360,241 SF)
Zoning code
C2
APN
NC29CNESA 1 1001
UPID
US69-0639212
Jurisdiction
CLEVELAND
Zoning & alternative use
C2 · Norman, OK
Zoning C2 · permitted uses
C2 · Norman, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
8.27 ac
Current owner
From public records · entity-resolved
Hoppenstein Properties INC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 207, WACO, TX 76703-0207
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2017
$6,235,000
Hoppenstein Properties INC
Colonial Norman LLC
Grant Deed
—
Nov 26, 2014
—
Colonial Linsey LLC|colonial Norman LLC
—
Loan Modification
related
$3,250,000 · Wells Fargo Bk
Oct 13, 2014
—
Colonial Square LLC|colonial Linsey LLC
Colonial Cap LLC
Quit Claim Deed
related
—
Jan 16, 2007
$4,262,500
Colonial Capital LLC
Colonial Estates LLC
Grant Deed
related
—
May 9, 2006
—
Colonial Estates LLC
—
Trustees Deed
related
$2,200,000 · American Bank & Trust
—
—
Colonial Norman LLC
—
Deed Of Trust
related
$2,900,000 · Prosperity Bk
—
—
Colonial Capital LLC
—
Deed Of Trust
related
$3,292,000 · Wells Fargo Bank
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.
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