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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Strip malls
2001 Main St Norman, OK 73069-6475
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US69-0491149
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,132 SF
Lot
3.42 ac (148,975 SF)
Zoning code
C2
APN
NC29CARRP 1 1001
UPID
US69-0491149
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
-
Cayman's Clothiers Inc Clothing & Fashion Store
-
Occasions (Bike/Boat/Book/etc) Store
-
Parker Detox Support Counselor
-
Pinkitzel Cupcakes & Candy Norman Bakery
-
City Bites Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$940k
Owner & transaction history
Gus And Margo Gianos Family Li
Gus And Margo Gianos Family Li
since 2026
7 recorded transactions
Zoning & alternative use
C2 · Norman, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.3M
+72.7%
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
$845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$775,000
Current use
INDUSTRIAL (GENERAL)
$1,340,000
Change: +73% · Conversion: Difficult
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$36 / 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
$36,222
Tax year 2023
Assessed value
$301,652
Assessed 2023
Previous assessed
$287,288
+5.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$171,946
Assessed improvement
$129,706
Land market value
$2,979,500
Improvement market value
$2,247,551
Total market value
$5,227,051
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
26,132 SF
Lot
3.42 ac (148,975 SF)
Zoning code
C2
APN
NC29CARRP 1 1001
UPID
US69-0491149
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
$775,000
INDUSTRIAL (GENERAL)
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (GENERAL)
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
3.42 ac
Current owner
From public records · entity-resolved
Gus And Margo Gianos Family Li
Individual
Mailing address
1233 DAVINBROOK DR, OKLAHOMA CITY, OK 73118-1009
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2026
—
Gus And Margo Gianos Family Li
—
Deed
related
$2,500,000 · Quail Creek Bank
Apr 22, 2024
—
Gus And Margo Gianos Family LP
—
Deed
related
$750,000 · Quail Creek Bank
May 11, 2023
—
Gus And Maros Gianos Family LP
—
Deed
related
$19,000,000 · Quail Creek Bank
May 24, 2018
—
Gianos Family LLC
—
Deed
related
$1,188,183 · Bancfirst
—
—
Gianos Family LLC
—
Loan Modification
related
$1,000,000 · Bancfirst
—
—
Gianos Family LLC
—
Loan Modification
related
$1,350,000 · Bancfirst
—
—
Gianos Family LLC
—
Loan Modification
related
$1,500,000 · Bancfirst
—
—
Gianos Family LLC
—
Loan Modification
related
$12,521,106 · Bancfirst
—
—
Gus & Margo Gianos Family
—
Loan Modification
related
$12,000,000 · Bancfirst
—
—
Gianos Family LLC
—
Loan Modification
related
$1,188,183 · Bancfirst
—
—
Gianos Family LLC
—
Deed Of Trust
related
$1,250,000 · Bancfirst
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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