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Property profile & analytics
OFF-MARKET Estimated value $620,000
Flex space

1809 Atchison Dr Norman, OK 73069-8299

11,000 SF 0.94 ac lot Built 1985
Entity Owned 3-yr Hold Free & Clear
Property ID
US69-0276181
Property summary
AI-generated overview

This 11,000-square-foot industrial property, located at 1809 Atchison Dr in Norman, Oklahoma, presents a compelling investment opportunity. The Class C building, constructed in 1985, sits on a 0.94-acre lot and features a single story with a metal building and brick facade. Currently configured as a multi-tenant property, the building comprises five units: four 2,000-square-foot units and one 3,000-square-foot unit. Each unit includes a small office and an overhead door, offering flexibility for various manufacturing or light industrial uses. The property benefits from excellent visibility and signage opportunities along a popular thoroughfare, just south of Tecumseh Road and with convenient access to I-35, providing easy access to Moore and the broader Oklahoma City metro area. The I1 (light industrial) zoning allows for a range of potential uses. Recent improvements include a new roof, enhancing the property's value and reducing future maintenance concerns. The asking price is $1,200,000, translating to $109.09 per square foot. This NNN lease property offers a strong value-add potential for investors seeking a well-located, multi-tenant industrial asset in a growing market. The property's depth of 40 feet provides ample space for operations within each unit.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1985
Construction STEEL FRAME
Total area 11,000 SF
Lot 0.94 ac (40,946 SF)
APN NC29NTRIP 1 10001
UPID US69-0276181
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
  • Sandblast Graphics & Signs Marketing & Advertising Advertising Agency
  • Infini-Tint - Window Film Specialist Interior Design Auto Repair Shop
  • Velocity Motors Car Dealership
  • Timeless Neon (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$678k
Blend (final) Blend
$620k
Owner & transaction history
Ruby Rabbit Properties LLC · 3 yrs held
Ruby Rabbit Properties LLC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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