1807 W Lindsey St Norman, OK 73069
Property profile & analytics
1807 W Lindsey St, Norman, OK 73069
- Medical Office Space
- 2,670 SF
- 0.53 lot acres
Property ID
US69-0643869
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
- Medical Office Space
Property Details for 1807 W Lindsey St
- Year built
- 2011
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.53 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- NC29 9 3W 36058
- APU
- NC2993W36058
Description
This exceptional investment opportunity presents a brand-new, 1,775 square-foot HTEAO restaurant in Norman, Oklahoma. Built in 2024, this Class A property boasts a dual drive-thru, maximizing efficiency and customer convenience. The property sits on a 0.42-acre lot in a prime retail location along a major traffic corridor, experiencing daily traffic counts exceeding 32,000 vehicles. Its strategic placement near Sooner Mall, the University of Oklahoma (with over 21,000 students), and numerous national retailers ensures high visibility and consistent customer traffic. The 15.4-year absolute NNN lease with a reputable franchisee includes 1.5% annual rent bumps and CPI adjustments in the options, minimizing landlord responsibilities and maximizing return. The property generates a strong NOI of $140,000, resulting in a compelling 6.25% cap rate. The affluent area surrounding the property features an average household income exceeding $80,000 within a one-mile radius and over 123,000 residents within a five-mile radius. This is a rare opportunity to acquire a high-performing asset in a thriving market with a long-term, secure lease. The property's proximity to Max Westheimer Airport and downtown Oklahoma City further enhances its appeal. This is a turnkey investment with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $465,000
- 6.5%
- $425,000
- 7%
- $395,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $527,000
Market price range: $333k - $703k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $530,000 Current use
- RETAIL STORES
- $560,000 Change: +6% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $460,000 Change: -13% Conversion: Easy
- AUTO REPAIR, GARAGE
- $440,000 Change: -17% Conversion: Difficult
- OFFICE BUILDING
- $430,000 Change: -19% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Norman
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.4687
- Latitude
- 35.2043
- 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
$0.00
$0.00
$0.00
$0.00
-
$0.00
$0.00
$0.00
