Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3219 Rock Crk Rd Norman, OK 73072-2419
    Back to Search
    Property profile & analytics

    3219 Rock Crk Rd, Norman, OK 73072-2419

    View on Map
    • Commercial land
    • 0.93 lot acres
    Off-Market
    Last Sale Oct 11, 2024
    Property ID
    US69-0270157
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 3219 Rock Crk Rd

    Lot size
    0.93 lot acres
    Property type
    Commercial land
    APN
    NC29LGBPR11A001
    APU
    NC29LGBPR11A001

    Description

    This exceptional Legacy Office Park in Norman, Oklahoma offers a rare opportunity to lease high-end office space. Located at 3219-3441 W. Rock Creek Rd, 73072, this Class A property boasts a total of 9,200 square feet across two suites, situated on a 2.35-acre lot. The building, constructed in 2020, is zoned C-2 and features energy-efficient design for optimal cost savings. Currently, 4,196 square feet of space is available for lease, divisible into units ranging from a minimum of 1,218 square feet to a maximum contiguous space of 2,978 square feet. The property is ideally suited for traditional office or medical office uses. The building's design creates a welcoming and comfortable atmosphere. A prominent monument sign is available for tenant branding. This well-maintained office park provides a professional and inviting environment for businesses seeking a prime location in Cleveland County. The property's location in Norman, Oklahoma offers easy access to major transportation routes and amenities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.4895
    Latitude
    35.2485
    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
    $2,785
    $23,190
    $0.00
    $23,190
    -
    $193,254
    $0.00
    $193,254

    Comparable in this City

    • Value Estimation by Request
      0.21 Acres

      Norman, OK 73072

      VACANT COMMERCIAL LAND
      Norman, OK 73072
      View Details
    • Value Estimation by Request
      0.91 Acres

      Norman, OK 73072

      VACANT COMMERCIAL LAND
      Norman, OK 73072
      View Details
    • Value Estimation by Request
      0.97 Acres

      Norman, OK 73072

      VACANT COMMERCIAL LAND
      Norman, OK 73072
      View Details
    • Value Estimation by Request
      6.14 Acres

      Norman, OK 73072

      VACANT COMMERCIAL LAND
      Norman, OK 73072
      View Details
    • Value Estimation by Request
      0.16 Acres

      Norman, OK 73072

      VACANT COMMERCIAL LAND
      Norman, OK 73072
      View Details
    • Value Estimation by Request
      1.48 Acres

      2281 36th NW Ave

      VACANT COMMERCIAL LAND
      2281 36th NW Ave, Norman, OK 73072
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Norman Land Parcel Near I-35

      10 acres MOL, west of I-35 in north Norman.
      3801 W Franklin Rd, Norman, OK 73072
      View Details
    • Contact for pricing

      Norman Land For Sale

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

      32+ Acres Land Parcels Available

      30 land parcels available in West Norman near I-35.
      W Tecumseh Rd, 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

      Prime Commercial Land Opportunity

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

    Similar Nearby for Lease

    • Contact for pricing
      1,958 SF

      Prominent Retail Space on Parkway

      Large retail space with high visibility and ample parking.
      670 Ed Noble Pkwy, Norman, OK 73072
      View Details
    • Contact for pricing
      3,787 SF

      Executive Office Suites Available

      Second-floor office suites with utilities and janitorial services included.
      3700 W Robinson St, Norman, OK 73072
      View Details
    • Contact for pricing
      4,320 SF

      Retail Space in Upscale Center

      Retail space available in a well-maintained community center.
      3720 W Robinson St, Norman, OK 73072
      View Details
    • Contact for pricing
      3,680 SF

      Auto Repair Shop For Rent

      Clean auto repair shop with warehouse and overhead doors.
      2719 Bart Conner Ct, Norman, OK 73072
      View Details
    • Contact for pricing

      Retail Space on West Main

      Prime retail space available on West Main Street, Norman, OK.
      3717 W Main St, Norman, OK 73072
      View Details
    • Contact for pricing

      Retail Space at University Center

      Retail space for lease in a high-traffic shopping center.
      1400 24Th Ave NW, 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.
    3219 Rock Crk Rd
    Norman, OK 73072-2419
    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

    Thank You for Inquiry
    3219 Rock Crk Rd, Norman, OK, 73072
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!