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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2111 Alameda St Norman, OK 73071-2418

    • Warehouses
    • 20,840 SF
    • 1.75 lot acres
    OFF-MARKET
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0653312
    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.

    Current Use by Public Records

    • American Self Storage #5 / Self-Storage Facility
    • U-Haul Neighborhood Dealer / Truck Rental Agency / Storage Facility

    Property Details for 2111 Alameda St

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.75 lot acres
    Property size
    20,840 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    NC29S&SSS 1 2001
    APU
    NC29SSSS12001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $595,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $460,000
      Market price range: $461k - $1.25M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $785,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.4087
    Latitude
    35.2193
    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
    $6,808
    $18,373
    $38,328
    $56,701
    -
    $153,116
    $319,398
    $472,514

    Comparable in this City

    • Value Estimation
      $755,000
      33,825 SF

      2400 Classen Blvd

      MINI-WAREHOUSE, STORAGE • 33,825 SF
      2400 Classen Blvd, Norman, OK 73071-4162
      View Details
    • Value Estimation
      $2,240,000
      59,840 SF

      1331 24th SE Ave

      MINI-WAREHOUSE, STORAGE • 59,840 SF
      1331 24th SE Ave, Norman, OK 73071-4180
      View Details
    • Value Estimation
      $1,120,000
      63,320 SF

      2111 Alameda St

      MINI-WAREHOUSE, STORAGE • 63,320 SF
      2111 Alameda St, Norman, OK 73071-2418
      View Details
    • Value Estimation
      $920,000
      36,225 SF

      3650 Classen Blvd

      MINI-WAREHOUSE, STORAGE • 36,225 SF
      3650 Classen Blvd, Norman, OK 73071-1556
      View Details
    • Value Estimation by Request
      7,600 SF

      429 Robinson St

      MINI-WAREHOUSE, STORAGE • 7,600 SF
      429 Robinson St, Norman, OK 73071-6612
      View Details
    • Value Estimation
      $4,110,000
      59,510 SF

      275 12th SE Ave

      MINI-WAREHOUSE, STORAGE • 59,510 SF
      275 12th SE Ave, Norman, OK 73071-4909
      View Details

    Similar Nearby for Sale

    • $3,500,000
      37,178 SF

      Industrial Buildings and Land For Sale

      Industrial property featuring buildings and land with expansion potential.
      4210-4216 Classen Cir, Norman, OK 73071
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    • $360,000
      2,565 SF

      Norman Medical Office Suites

      Two executive suites, fully occupied.
      1125 Porter Ave, Norman, OK 73071
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    • $395,000
      1,443 SF

      Classen Blvd Retail Opportunity

      Half-acre Norman retail lot, high growth area.
      3614 Classen Blvd, Norman, OK 73071
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    • $579,000

      1.06 Acre Pad Site

      1.06 acre pad site with utilities on site.
      1331 Alameda St, Norman, OK 73071
      View Details
    • $2,074,074

      Norman Specialty Property For Sale

      Specialty property available for purchase in Norman, Oklahoma.
      1807 W Lindsey St, Norman, OK 73071
      View Details
    • $275,000
      1.15 Acres

      Prime Norman Commercial Land

      1.15 Acres, C-2 Zoning, Near University
      2100 Alameda St, Norman, OK 73071
      View Details

    Similar Nearby for Lease

    • $5,440 /Mo
      5,185 SF

      Warehouse with Dock and Office

      Warehouse with office space, dock, and convenient highway access.
      2600 Technology Pl, Norman, OK 73071
      View Details
    • Contact for pricing
      19,638 SF

      Norman Shopping Center Investment Opportunity

      Walmart-Shadowed Retail Center, 8 Suites
      627 12Th Ave, Norman, OK 73071
      View Details
    • $22 SF/Yr
      3,151 SF

      Prime Norman Retail Space

      Modern, 1,383 SF Retail Unit Available
      301 Robinson St, Norman, OK 73071
      View Details
    • $21 SF/Yr
      12,500 SF

      Norman Retail Building - 12,500 SF

      Prime Norman retail space, ample parking, owner-user potential.
      1130 Rambling Oaks Dr, Norman, OK 73071
      View Details
    • $24 SF/Yr
      2,273 SF

      Norman Office Space For Rent

      Office space available in Norman, Oklahoma, suitable for medical or professional use.
      3311 W Rock Creek Rd, Norman, OK 73071
      View Details
    • Contact for pricing
      1,517 SF

      Retail Space in Norman, OK

      Neighborhood center with excellent co-tenancy and foot traffic.
      1100-1130 Alameda St, Norman, OK 73071
      View Details
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    2111 Alameda St
    Norman, OK 73071-2418
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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