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Property profile & analytics
FOR SALE
Medical Office Space

1807 W Lindsey St Norman, OK 73069

2,670 SF 0.53 ac lot Built 2011
Entity Owned Free & Clear
Property ID
US69-0643869
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2011
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,670 SF
Lot 0.53 ac (23,087 SF)
APN NC29 9 3W 36058
UPID US69-0643869
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$425k
Comparable Approach Comparable
$528k
Blend (final) Blend
$550k
Owner & transaction history
Moonlight Ownership Company LLC
Moonlight Ownership Company LLC
since 2025
Last sale
$625,000
7 recorded transactions
2025
Price N/A
2023
$625,000
2019
Price N/A
2018
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $560,000 +6.4%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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