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    207 Gray St Norman, OK 73069-7205
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    Property profile & analytics

    207 Gray St Norman, OK 73069-7205


    • Office buildings
    • 8,160 SF
    • 0.64 lot acres
    Off-Market
    Last Sale May 16, 2022
    $1,000,000
    Property ID
    US69-0346274
    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.

    Value Estimations
    $975,000
    Show details
    Cap Rate Potential
    8.4%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Madison's on Main / Bakery / Specialty Food Shop
    • Downtown Legal / Law Firm
    • Your HR Resource / Employment Agency / Business Service Center
    • Stiles On Gray - Office Suites and Co-Working Spaces / Real Estate Agency
    • Orange Salon / Hair Salon / Nail Salon

    Property Details for 207 Gray St

    Year built
    1920
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.64 lot acres
    Property size
    8,160 SF
    Zone code
    R2
    Property type
    Office buildings
    APN
    NC29AAAOT 15 1001
    APU
    NC29AAAOT151001

    Description

    This newly remodeled commercial property at 207 E Gray Street in Cleveland County offers a variety of flexible workspace solutions. The single-building property is zoned commercial and features both traditional office spaces and coworking options, perfect for businesses of all sizes. Coworking spaces range from 36 to 50 square feet, with monthly rates starting at $275 and including options with dividers or taller walls for increased privacy. Private office suites are also available, ranging from 156 to 744 square feet, with monthly lease rates scaling accordingly from $650 to $1900. Larger suites offer greater space and flexibility for teams and expanding businesses. The building boasts an advanced security system for peace of mind. Shared amenities include high-speed Wi-Fi, conference rooms, on-site document shredding, and a well-equipped kitchen/break room with a refrigerator, microwave, and coffee maker. Utilities are included, excluding phone service. This property presents a unique opportunity to secure a modern and efficient workspace in a convenient location. The flexible lease options cater to diverse business needs, making it an ideal choice for entrepreneurs, startups, and established companies alike. Contact us today to learn more about available spaces and lease terms.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $880,000
      ML approach
      $955,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,230,000
      6.5%
      $1,135,000
      7%
      $1,055,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $953,000
      Market price range: $449k - $1.22M
    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,305,000
      Current use
      MEDICAL BUILDING
      $1,610,000
      Change: +23% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,405,000
      Change: +7% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,345,000
      Change: +3% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.4423
    Latitude
    35.2229
    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
    $14,430
    $26,376
    $93,790
    $120,166
    -
    $219,800
    $781,589
    $1,001,389
    More about this property
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