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527 E Main St Norman, OK 73071

Retail space Google Maps
1,150 SF 0.08 ac lot Built 1951
Entity Owned ~ Est. High Equity
Estimated value (blended)
$110k
Range $99k – $121k (±10%)
Property ID US69-0357710

Property summary

AI-generated overview

This exceptional 1,150-square-foot office building, located at 527 E Main Street in Norman, Oklahoma, presents a lucrative investment opportunity. Situated on a 0.08-acre lot, the property boasts a recent, comprehensive renovation. The entire structure was rebuilt from the studs, featuring brand new stucco exterior, electrical system, plumbing, and HVAC. The C1 zoning allows for versatile usage, including retail, restaurant, or continued use as an office space. Ample parking is available, with private parking at the rear and public parking conveniently located in front of the building. The property also includes a fenced backyard offering significant expansion potential. Currently generating income with a lease extending until January 2026, this property offers both immediate return and long-term growth prospects. The building's modern updates and flexible zoning make it an ideal investment for a discerning buyer seeking a well-maintained, income-producing asset in a thriving Norman location. The combination of a strong lease and the potential for future expansion makes this a truly unique opportunity in the Norman commercial real estate market. The property's central location and convenient parking further enhance its appeal to a wide range of potential tenants. This is a turnkey operation ready for immediate income generation.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1951
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,150 SF
Lot 0.08 ac (3,485 SF)
APN NC29AAAOT 38 14001
UPID US69-0357710

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Trucking Company

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$110k

Owner & transaction history

since 2025
Last sale
$244,500
3 recorded transactions
2025
$244,500
2023
Price N/A
2022
$125,000

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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