938 N Flood Ave Norman, OK 73069
For Lease
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This 4,600-square-foot commercial property at 938 N Flood Ave in Norman, Oklahoma, presents a unique investment opportunity. The building, constructed in 1974 and extensively renovated in 2020, features a single-story structure with a 10-foot ceiling height. Currently, 2,800 square feet are vacant, offering flexibility for a variety of uses. The existing layout includes two ADA-compliant bathrooms, an office, a bar area, and ample storage. Recent upgrades include a new foam roof, three-phase electric service with a 200-amp panel, a 7.5-ton rooftop unit, new plumbing, lighting, and interior/exterior paint. The property sits on 1.93 acres of land and boasts 35 parking spaces, with additional parking available in a large adjacent lot. Its prime location on N. Flood Ave, between Robinson Ave and Acres St., offers excellent visibility and proximity to downtown Norman and the University of Oklahoma campus. The C-2 zoning allows for diverse commercial uses, including retail, restaurant, or office space. The asking price is $14 per square foot, NNN. This property is ideal for a business seeking a well-maintained, versatile space in a thriving Norman location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Norman, OKNorman. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.