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514 N Porter Ave Norman, OK 73071

Retail space Google Maps
8,375 SF 0.69 ac lot Built 2009
Entity Owned 9-yr Hold Free & Clear
Estimated value (blended)
$1.17M
Range $1.05M – $1.28M (±10%)
Property ID US69-0235288

Property summary

AI-generated overview

North Porter Park offers 8,375 square feet of prime retail space for lease in a Class B building constructed in 2009 and renovated in 2015. This multi-tenant property, situated on a 0.68-acre lot in Cleveland County, is zoned C-2 (Commercial). Two suites are currently available, offering flexible space options. Minimum leasable space is 1,300 square feet, with a maximum contiguous space of 2,600 square feet. A total of 3,900 square feet is currently vacant. One available suite (514) is a former massage therapy practice, featuring multiple small offices. The second suite (522-524), previously a jewelry store, boasts a large open retail area, two offices/storage rooms in the rear, one ADA-compliant restroom, 10-foot ceilings, and two rear metal doors with deadbolts. This suite is also wired for a security system. The property enjoys a high-traffic location, with daily traffic counts of 15,271 vehicles on N Porter Ave and 32,967 vehicles on E Robinson St. Tenants are responsible for all utilities (total electric). This is an excellent opportunity for businesses seeking visibility and accessibility in a thriving commercial area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2009
Construction STEEL FRAME
Total area 8,375 SF
Lot 0.69 ac (29,969 SF)
APN NC29JONES 1 17A001
UPID US69-0235288

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.29M
Comparable Approach Comparable
$1.24M
Blend (final) Blend
$1.17M

Owner & transaction history

since 2016
2 recorded transactions
2016
Price N/A
2012
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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