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Property profile & analytics
OFF-MARKET
Estimated value
$7,425,000
Medical Office Space
809 Findlay Ave, Norman, OK 73071-6438
Individually Owned
6-yr Hold
Free & Clear
Property ID
US69-0675095
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
STEEL FRAME
Total area
30,668 SF
Lot
1.63 ac (71,003 SF)
APN
NC29FDYAM 3001
UPID
US69-0675095
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
-
Norman Regional Health System Medical Clinic
-
Brookhaven Medical Women's Center Medical Clinic
-
Cochran Debbie Registered General Nurse
-
Dimensions Academy High School
-
Lesa Bethel Mulligan Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.91M
Comparable Approach
Comparable
$6.06M
Blend (final)
Blend
$7.43M
Owner & transaction history
Independent Sch District No 29 · 6 yrs held
Independent Sch District No 29
since 2020
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.1M
+50.3%
Retail stores
$6.1M
+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
$10,170,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,315,000
6.5%
$4,905,000
7%
$4,555,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,060,000
Current use
RESTAURANT
$9,110,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$6,095,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$5,245,000
Change: -13% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,130,000
Change: -15% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,050,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$7.43M
Range $6.68M – $8.17M · ±10% · vs last sale $8.00M (Jul 1 2020)
Last sale anchor
$8.00M
Jul 1 2020
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
$242 / 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
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
2006
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
30,668 SF
Lot
1.63 ac (71,003 SF)
APN
NC29FDYAM 3001
UPID
US69-0675095
Jurisdiction
CLEVELAND
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$6.1M
RESTAURANT
Est. value
$9.1M
RETAIL STORES
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$5.1M
MEDICAL BUILDING Current
RESTAURANT
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
2006
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.63 ac
Current owner
From public records · entity-resolved
Independent Sch District No 29
Individual
Free & Clear · 6 yrs held
Mailing address
131 S FLOOD AVE, NORMAN, OK 73069-5463
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2020
$7,995,500
Independent Sch District No 29
Fhc Finley Project LLC
Grant Deed
—
Oct 18, 2019
—
Fhc Finley Project LLC
—
Grant Deed
related
$8,895,000 · City Nat'l Bk & Tr Co/lawton
Aug 30, 2019
$4,000,000
Fhc Finley Project LLC
Lash Ents LLC
Warranty Deed
$4,396,968 · Oklahoma St Bk
Aug 22, 2013
—
Lash Ents LLC|bethel,shelba J Trust
—
Trustees Deed
related
$490,000 · First Bk/cherry Crk
Jan 10, 2006
—
Lash Ents LLC
Bethel Shelba J Trust
Quit Claim Deed
related
—
—
—
Lash Ents LLC
—
Loan Modification
related
$1,277,668 · First Bk
—
—
Lash Ents LLC
—
Loan Modification
related
$3,060,000 · Republic Bank & Trust
—
—
Lash Ents LLC|bethel,shelba J Trust
—
Loan Modification
related
$412,117 · First Bk
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.
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