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Property profile & analytics
FOR LEASE
Flex space

2845 Broce Dr Norman, OK 73072

5,500 SF 0.76 ac lot Built 1982
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US69-0393438
Property summary
AI-generated overview

This exceptional investment opportunity in Norman, Oklahoma, presents two fully leased buildings totaling 10,250 square feet on a 0.76-acre lot. Located at 2845 Broce Drive, the property underwent a complete renovation in 2018, ensuring modern amenities and functionality. Building 1 encompasses 6,250 square feet and is divided into two units. Each unit offers a comprehensive layout including multiple offices (13 total), three bathrooms, a fully equipped commercial kitchen, a dedicated conference room, and substantial warehouse space. Building 2, comprising 4,000 square feet, is also divided into two units, each providing 11 offices, three bathrooms, a commercial kitchen, and a spacious open entryway, along with additional warehouse area. The property's current occupancy rate of 100%, with four independently leased units, guarantees immediate cash flow and a strong return on investment. This turnkey operation requires minimal management, making it an ideal asset for seasoned investors seeking a stable and profitable addition to their portfolio. The asking price for this prime Norman commercial property is $1,250,000. This represents a compelling opportunity to acquire a well-maintained, high-performing investment property in a thriving market.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1982
Construction STEEL FRAME
Total area 5,500 SF
Lot 0.76 ac (33,106 SF)
Zoning code I1
APN NC29BREP2 2 2001
UPID US69-0393438
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
  • Amend Law Firm, PLLC Law Firm
  • Archangels Foundation Charitable Organization
  • Oklahoma GAL Services, LLC Law Firm
  • Valour Investigations and Protection LLC Law Firm Security Service
  • 1K Lawyer Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Koetter Property Mgmt LLC · 10 yrs held
Koetter Property Mgmt LLC
since 2015
5 recorded transactions
2017
Price N/A
2015
$650,000
2008
$475,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
I1 · Norman, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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