Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,095,000
Medical Office Space
805 Robinson St Norman, OK 73071-6610
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US69-0363375
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,514 SF
Lot
1.09 ac (47,480 SF)
Zoning code
ZN CO
APN
NC29MEIA2 1 1001
UPID
US69-0363375
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Betty Wunder Memorial Foundation Charitable Organization
-
Community Works LLC Social Service Agency Charitable Organization
-
Connie L. Zorger, Crna Physician
-
Cross Braden R MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.48M
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$2.10M
Owner & transaction history
Teamworks & Associates LLC · 12 yrs held
Teamworks & Associates LLC
since 2013
6 recorded transactions
Zoning & alternative use
ZN CO · Norman, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.1M
+0.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norman submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,690,000
6.5%
$2,480,000
7%
$2,305,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,065,000
Current use
RETAIL STORES
$3,085,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$2,655,000
Change: -13% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,595,000
Change: -15% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,555,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$135 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,541
Tax year 2023
Assessed value
$154,403
Assessed 2023
Previous assessed
$154,403
+0.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$19,992
Assessed improvement
$134,411
Land market value
$166,600
Improvement market value
$1,120,096
Total market value
$1,286,696
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
15,514 SF
Lot
1.09 ac (47,480 SF)
Zoning code
ZN CO
APN
NC29MEIA2 1 1001
UPID
US69-0363375
Jurisdiction
CLEVELAND
Zoning & alternative use
ZN CO · Norman, OK
Zoning ZN CO · permitted uses
ZN CO · Norman, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.1M
RETAIL STORES
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.6M
MEDICAL BUILDING Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Teamworks & Associates LLC
Entity
Mailing address
805 E ROBINSON ST, NORMAN, OK 73071-6610
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2023
—
Teamworks & Associates LLC
—
Deed
related
$100,000 · Bancfirst
Jul 10, 2019
—
Teamworks & Associates LLC
—
Deed
related
$1,374,864 · Bancfirst
Jul 9, 2019
—
Teamworks & Associates LLC
—
Deed
related
$129,876 · Bancfirst
Nov 1, 2013
$1,500,000
Teamworks & Associates LLC
Greater Oklahoma Land Dev Ptsh
Grant Deed
$1,278,541 · Republic Bank & Trust
—
—
Teamworks & Associates LLC
—
Deed Of Trust
related
$129,876 · Bancfirst
—
—
Teamworks & Associates LLC
—
Deed Of Trust
related
$1,374,864 · Bancfirst
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 805 Robinson St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
