Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3000 William Pereira Norman, OK 73072-4831

    • Commercial land
    • 8,279 SF
    • 2.05 lot acres
    OFF-MARKET
    Value Estimations
    $1,100,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0391824
    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

    • Commercial land

    Property Details for 3000 William Pereira

    Year built
    1996
    Construction
    WOOD FRAME
    Lot size
    2.05 lot acres
    Property size
    8,279 SF
    Zone code
    C2
    Property type
    Commercial land
    APN
    NC29PARPL 1 2001
    APU
    NC29PARPL12001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,210,000
      6.5%
      $1,120,000
      7%
      $1,040,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,223,000
      Market price range: $890k - $2.71M
      AI Estimate
      $957,000
      Market price range: $535k - $1.62M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,385,000
      Current use
      RETAIL STORES
      $1,645,000
      Change: +19% Conversion: Easy
      MEDICAL BUILDING
      $1,635,000
      Change: +18% Conversion: Easy
      OFFICE BUILDING
      $1,415,000
      Change: +2% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,365,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.4865
    Latitude
    35.2134
    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
    $9,651
    $80,368
    $0.00
    $80,368
    -
    $669,735
    $0.00
    $669,735

    Comparable in this City

    • Value Estimation by Request
      4.21 Acres

      881 Sycamore Rd

      VACANT COMMERCIAL LAND • 4.21 Acres
      881 Sycamore Rd, Norman, OK 73072-9142
      View Details
    • Value Estimation by Request
      3.57 Acres

      Tecumseh Rd

      VACANT COMMERCIAL LAND • 3.57 Acres
      Tecumseh Rd, Norman, OK 73072
      View Details
    • Value Estimation by Request
      0.17 Acres

      3510 Tecumseh Rd

      VACANT COMMERCIAL LAND • 0.17 Acres
      3510 Tecumseh Rd, Norman, OK 73072-1822
      View Details
    • Value Estimation by Request
      2.45 Acres

      601 Willowbend Rd

      VACANT COMMERCIAL LAND • 2.45 Acres
      601 Willowbend Rd, Norman, OK 73072-4879
      View Details
    • Value Estimation by Request
      1.77 Acres

      2201 36th NW Ave

      VACANT COMMERCIAL LAND • 1.77 Acres
      2201 36th NW Ave, Norman, OK 73072
      View Details
    • Value Estimation by Request
      0.28 Acres

      105 48th SW Ave

      VACANT COMMERCIAL LAND • 0.28 Acres
      105 48th SW Ave, Norman, OK 73072-4901
      View Details

    Similar Nearby for Sale

    • $285,000
      0.74 Acres

      Norman Land For Luxury Condos

      Prime Norman land suitable for luxury condos development.
      801 NW 36Th Ave, Norman, OK 73072
      View Details
    • $598,900

      Norman Land For Sale

      Land available with utilities in Norman, Oklahoma.
      3071 Healthplex Pkwy, Norman, OK 73072
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Tree-lined lot suitable for a 5,000 SF building.
      2500 Mcgee Dr, Norman, OK 73072
      View Details
    • Contact for pricing

      Greenway Office Park Land Available

      Land available in Greenway Office Park Addition, Norman, Oklahoma.
      1651 36Th Ave NW, Norman, OK 73072
      View Details
    • Contact for pricing

      Land in North Norman Community

      Land for sale in a fast-growing North Norman community.
      3301 24Th Ave NW, Norman, OK 73072
      View Details
    • Contact for pricing

      Goldsby Land Near I-35

      3.26-acre industrial land with high visibility near I-35.
      1037 W Adkins Hill Rd, Norman, OK 73072
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space in Norman

      High-visibility retail/office space in a thriving Norman shopping center.
      3250 36Th Ave NW, Norman, OK 73072
      View Details
    • Contact for pricing

      Office Space Available for Lease

      Office spaces available on multiple floors, totaling 12,073 SF.
      2600 Van Buren St, Norman, OK 73072
      View Details
    • Contact for pricing
      4,215 SF

      Norman Retail Space For Lease

      6,412 SF suite ideal for retail or service businesses.
      1024 N Flood Ave, Norman, OK 73072
      View Details
    • Contact for pricing

      Retail Space in Busy Center

      Retail spaces available in a high-traffic retail center.
      1619 S Interstate Dr, Norman, OK 73072
      View Details
    • Contact for pricing
      1,950 SF

      Modern Office/Warehouse Space Available

      Newly constructed office/warehouse with flexible layouts and ample parking.
      4701 W Main St, Norman, OK 73072
      View Details
    • Contact for pricing

      Retail Space on 24th Ave

      Retail space available in Norman, Oklahoma, near I-35.
      1260 24Th Ave SW, Norman, OK 73072
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3000 William Pereira
    Norman, OK 73072-4831
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!