500 E Robinson St Norman, OK 73071
Property profile & analytics
500 E Robinson St Norman, OK 73071
- Medical Office Space
- 39,419 SF
- 2.11 lot acres
Property ID
US69-0385465
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.
Location Intelligence
Current Use by Public Records
- Dr. Samuel E. Dakil Jr, MD / Physician / Medical Clinic
- Farhan Jawed (MD) / Physician
- Pulmonary Clinic / Medical Clinic
- Norman Regional Internal Medicine Doctors Park Suite 2600 / Physician
- Norman Regional Internal Medicine Doctors Park Suite 2400 / Pediatrician / Physician
Property Details for 500 E Robinson St
- Year built
- 1977
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.11 lot acres
- Property size
- 39,419 SF
- Zone code
- ZN C1
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- NC29DOCP2 1 1001
- APU
- NC29DOCP211001
Description
Doctors Park, located at 500 E Robinson St, Norman, OK 73071, offers a prime medical office opportunity. This Class B multi-tenant building, totaling 43,097 square feet, underwent renovations in 2023. The property features two single-story buildings situated on 3.6 acres of land, zoned C-1 in Cleveland County. Currently, 1,983 square feet of space is immediately available, with a minimum divisible space of 1,983 square feet. The building boasts a total of 15 suites, providing flexibility for various medical practices. The ample parking provides a convenient 5.13 spaces per 1,000 square feet. Its convenient location near downtown Norman and other medical facilities makes it an attractive option for healthcare professionals. The building's floor area ratio (FAR) is 2.7. Doctors Park Pharmacy is an existing tenant within the complex, built in 1971, offering established presence and potential synergy. The cross street is Porter. This property presents a unique opportunity to establish or expand a medical practice in a well-maintained and strategically located building. The property offers a blend of established tenancy and immediate availability, making it an ideal investment for those seeking a foothold in the thriving Norman medical market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,830,000
- 6.5%
- $6,305,000
- 7%
- $5,855,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,763,000
- AI Estimate
- $3,854,000
Market price range: $4.92M - $10.4MMarket price range: $1.57M - $6.37M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $7,790,000 Current use
- RETAIL STORES
- $7,835,000 Change: +1% Conversion: Difficult
- OFFICE BUILDING
- $6,740,000 Change: -13% Conversion: Easy
- COMMERCIAL (GENERAL)
- $6,595,000 Change: -15% Conversion: Easy
- AUTO REPAIR, GARAGE
- $6,490,000 Change: -17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Norman
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.4382
- Latitude
- 35.2323
- 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
$51,704
$26,203
$404,374
$430,577
-
$276,413
$4,185,792
$4,462,205
