1485 Alameda St Norman, OK 73071-3010
Property Lookup
Property profile & analytics
1485 Alameda St Norman, OK 73071-3010
- Retail space
- 5,395 SF
- 0.54 lot acres
Property ID
US69-2227493
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 1485 Alameda St
- Year built
- 2003
- Lot size
- 0.54 lot acres
- Property size
- 5,395 SF
- Property type
- Retail space
- APN
- NC29LAKVT C 2001
- APU
- NC29LAKVTC2001
Description
This exceptional 7,941 square foot retail property, located at 1485 E Alameda St in Norman, Oklahoma, presents a compelling investment opportunity. Built in 2003 and extensively renovated in 2024, the property boasts 100% occupancy under a 5-year NNN lease with a strong tenant, Chaos Factory. The lease includes annual rent increases, ensuring a stable and growing income stream. Situated on a 0.537-acre lot, the property benefits from high visibility and accessibility on Alameda Street, a major thoroughfare in Norman. The property is zoned C2, allowing for a variety of commercial uses. The Net Operating Income (NOI) is $79,410, resulting in an attractive 7.75% capitalization rate. This turnkey investment offers a secure and profitable return with minimal management responsibilities due to the NNN lease structure. The property's recent renovation ensures modern amenities and long-term value. This is an ideal opportunity for investors seeking a stable, high-yield retail investment in a thriving Oklahoma market. The property's location in Cleveland County, zip code 73071, provides easy access to a large customer base. This multi-tenant property offers a diversified income stream and significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $595,000
- ML approach
- $640,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $895,000
- 6.5%
- $830,000
- 7%
- $770,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,075,000 Current use
- MEDICAL BUILDING
- $1,065,000 Change: -1% Conversion: Difficult
- OFFICE BUILDING
- $925,000 Change: -14% Conversion: Easy
- COMMERCIAL (GENERAL)
- $905,000 Change: -16% Conversion: Easy
- AUTO REPAIR, GARAGE
- $890,000 Change: -17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Norman
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.4191
- Latitude
- 35.2189
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,717
$27,664
$53,252
$80,916
-
$230,539
$443,761
$674,300
