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

    3800 Classen Blvd Norman, OK 73071-1559

    • Industrial properties
    • 5,125 SF
    • 2.10 lot acres
    OFF-MARKET
    Last Sale
    May 23, 2024
    $650,000
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    3.4%
    Industrial properties
    Location Intelligence
    Property ID
    US69-0672569
    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

    • Norman Automotive Inc / Auto Repair Shop

    Property Details for 3800 Classen Blvd

    Year built
    1995
    Construction
    STEEL FRAME
    Lot size
    2.10 lot acres
    Property size
    5,125 SF
    Zone code
    I1
    Property type
    Industrial properties
    APN
    NC29 8 2W 16009
    APU
    NC2982W16009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $815,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $505,000
      6.5%
      $465,000
      7%
      $435,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $420,000
      Current use
      RETAIL STORES
      $1,020,000
      Change: +142% Conversion: Moderate
      MEDICAL BUILDING
      $1,015,000
      Change: +140% Conversion: Difficult
      OFFICE BUILDING
      $875,000
      Change: +108% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $855,000
      Change: +103% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $845,000
      Change: +100% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.4123
    Latitude
    35.1724
    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
    $2,725
    $15,346
    $7,347
    $22,693
    -
    $411,642
    $197,087
    $608,729

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      117 Skylane Dr

      INDUSTRIAL (GENERAL) • 3,000 SF
      117 Skylane Dr, Norman, OK 73071-7930
      View Details
    • Value Estimation by Request
      4,500 SF

      1228 Lindsey Plz Dr

      INDUSTRIAL (GENERAL) • 4,500 SF
      1228 Lindsey Plz Dr, Norman, OK 73071-1906
      View Details
    • Value Estimation by Request
      12,926 SF

      2812 Classen Blvd

      INDUSTRIAL (GENERAL) • 12,926 SF
      2812 Classen Blvd, Norman, OK 73071-4059
      View Details
    • Value Estimation by Request
      4,080 SF

      3750 Classen Blvd

      INDUSTRIAL (GENERAL) • 4,080 SF
      3750 Classen Blvd, Norman, OK 73071-1552
      View Details
    • Value Estimation by Request
      9,065 SF

      114 Skylane Dr

      INDUSTRIAL (GENERAL) • 9,065 SF
      114 Skylane Dr, Norman, OK 73071
      View Details
    • Value Estimation
      $3,320,000
      37,125 SF

      4210 Classen Cir

      INDUSTRIAL (GENERAL) • 37,125 SF
      4210 Classen Cir, Norman, OK 73071-1661
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
      View Details
    • $575,000
      Pending

      Well-Maintained Four-Unit Multifamily Property

      Four units near OU, ideal for investors or owner-occupants.
      602 Welston Cir, Norman, OK 73071
      View Details
    • $575,000
      Pending

      Four-Unit Multifamily Property in Norman

      Well-maintained duplexes near OU, restaurants, and shopping.
      603 Welston Cir, Norman, OK 73071
      View Details
    • Contact for pricing

      Corner Land Parcel For Sale

      Commercially zoned land parcel with high traffic volume.
      12th NE & Rock Crk Rd, Norman, OK 73071
      View Details
    • $2,800,000

      Norman OK Retail Investment Opportunity

      23,800 SF retail building in Norman, Oklahoma for sale.
      831 Sonoma Park Dr, Norman, OK 73071
      View Details
    • $600,000
      1 SF

      Retail Outparcel in East Norman

      Grocery-anchored retail outparcel in a high-traffic East Norman location.
      1331 East Alameda St, Norman, OK 73071
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office and Industrial Space Available

      Located off Highway 9, near NCED Conference Center.
      2600 Technology Pl, Norman, OK 73071
      View Details
    • $4,950 /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

      Norman Retail Spaces For Rent

      Retail spaces available on N Porter Ave, Norman, OK.
      514 N Porter Ave, Norman, OK 73071
      View Details
    • Contact for pricing
      3,750 SF

      Retail Space Near University

      Retail space for lease near the University of Oklahoma.
      1241 Alameda St, Norman, OK 73071
      View Details
    • Contact for pricing
      3,330 SF

      Norman Office Space For Rent

      Office space available in Norman, Oklahoma, suitable for medical or professional use.
      3411 W Rock Creek Rd, Norman, OK 73071
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in High-Traffic Center

      Retail space available in a highly visited shopping center.
      1628-1680 24Th Ave NW, Norman, OK 73071
      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.
    3800 Classen Blvd
    Norman, OK 73071-1559
    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!