Property summary
This exceptional two-unit office building, located at 2222 Westpark Drive Unit A & B in Norman, Oklahoma, presents a unique investment opportunity. Boasting a total of 3,432 square feet situated on a 0.13-acre lot, this property offers significant potential for both owners and tenants. The building has undergone substantial improvements in recent years, enhancing its value and appeal. A brand-new roof was installed in 2023, ensuring long-term protection. The exterior received a complete siding upgrade in 2021, contributing to the property's modern aesthetic. Furthermore, Unit B benefits from a newly installed HVAC system in 2022, guaranteeing efficient climate control. Ten dedicated parking spaces are available for the convenience of occupants and visitors. The strategic location in central Norman provides unparalleled access to I-35, facilitating seamless commutes and convenient access to the city's amenities. This property is ideally suited for a variety of uses, including leasing one unit while occupying the other, or leasing both units for a steady income stream. The asking price for this well-maintained and updated office building is $600,000. This presents a compelling opportunity to acquire a valuable asset in a thriving Norman location.
Property profile
VerifiedCap rate & NOI
Current use
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Insurance Agency
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Insurance Agency
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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