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3151 W Tecumseh Rd 20,249 SF 50% Leased Office Building Norman, OK 73072 $6,278,400 CAD ($310.06 CAD/SF)
INVESTMENT HIGHLIGHTS
- Cash-flowing modern medical/professional office, currently 50% leased with upside for owner occupancy or strategic leasing by a value-add investor.
- Convenient access to premium amenities, including household-name shopping and dining brands, beautiful public parks, and highly rated golf courses.
- Lucrative investment submarket with rent growth outpacing greater OKC at 2.6% and more than $25.8 million in sales volume during the past 12 months.
- Highly visible and easily accessible directly off I-35, with building and pylon signage offering exposure to over 17,000 passing vehicles each day.
- Prime location in a dense medical hub, near Norman Regional Hospital as well as numerous private practices and assisted/senior living communities.
- Ground-floor spaces can be combined for a full-floor contiguous suite offering approximately 10,124 square feet for occupancy by a new owner.
EXECUTIVE SUMMARY
3151 W Tecumseh Road was originally built in 2015 and comprises 20,249 square feet across two floors. The full first level is currently vacant, providing a valuable inroad for a new owner to quickly utilize the full ±10,000-square-foot space for their operations. Currently demised into four unique spaces, with two suites fully built-out and two in flexible shell condition, investors will also enjoy the potential to fill the vacancies separately and generate elevated revenue. All the suites boast large windows for great natural lighting and tall ceilings, and the finished suites are equipped with built-in cabinetry, stainless-steel appliances, private restrooms, and anti-scratch flooring.
An easily accessible and highly visible location enhances appeal for tenants and investors at 3151 W Tecumseh Road, with placement directly off Interstate 35 on the Tecumseh Road commercial corridor. The interstate allows for shortened commutes from across the metro area, and the building is equipped with abundant on-site surface parking, reinforcing the location as a prime setting for businesses serving both local and regional clientele. Further enhancing tenant appeal, the location provides easy access to household-name shopping and dining brands, several beautiful public parks and golf courses, and the upscale Sooner Mall in under a 10-minute drive.
Directly across the street, the Norman Regional Hospital serves as the epicenter of the region’s medical network, creating a strong leasing environment for synergistic businesses such as imaging centers, dental offices, dermatologists, and more. The University of Oklahoma is also less than 15 minutes away, offering the state’s only Doctor of Medicine degree program and more than 34,000 enrolled students. This creates a valuable workforce pipeline of ambitious and qualified new talent that allows for streamlined growth and expansion.
Norman presents an attractive investment submarket for office properties, with substantial 12-month rent growth of 2.6% and construction volume that sits 86% below the 10-year average. This competitive submarket also provides excellent liquidity, with over 26 sales and $25.8 million in sales volume clerked over the past 12 months.
Combining flexible, modern spaces in fully built-out and shell conditions with a prime location directly off Interstate 35, 3151 W Tecumseh Road offers users and investors the perfect inroad to enter or expand in this valuable commercial market.
Property tours are by appointment only. Please contact the ROI Real Estate team today to schedule a tour and learn more about this incredible opportunity.
MATTERPORT 3D TOUR
Suite 120 Matterport Virtual Tour
SALE FLYER
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Security System
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Britton Vision Associates
- Services
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- Health Care and Social Assistance
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BVA doctors and surgeons provide expert care for refractive disorders, conditions of the aging eye including cataract, eyelid reconstruction, glaucoma, corneal disease, conditions related to diabetes and high blood pressure and emergency treatment for injury or diseases with sudden onset. They work in partnership with and serve the patients of medical professionals statewide. In fact, more Oklahoma eye doctors refer their patients to BVA because their experienced surgeons deliver a superior standard of medical and surgical eye care by focusing on their specialized fields of expertise.
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- Professional, Scientific, and Technical Services
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Populous is a global design firm with colleagues spanning four continents. Working with communities of all sizes and using a range of disciplines, they create experiences that amplify the joy felt in shared human moments. Populous' approach starts with you at the table. Populous' asks questions, observe people and apply experience honed over four decades and thousands of projects. It’s led them to design a variety of spaces, from stadiums and arenas to airports, all with one question in common: How do you keep people coming back again and again? Their unrivalled knowledge, both technical and visionary, sets the stage for the next generation of venues. Populous' creates places for people to laugh, to cry, to high five, to celebrate, and to be a part of something bigger than themselves. Populous' designs with equal parts data and an understanding of how people come together.
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- Finance and Insurance
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RCB Bank was established in 1936 in Claremore, OK, and has since grown to over $2.8 billion in total assets and more than 700 employees. Their branch network includes 50+ locations across Oklahoma and Kansas. Loyal customers are their most important asset. Accomplishing high-quality customer service is their true mission and what makes their profitability goals achievable. Next in line? Their people. Without the dedication of principled leaders and employees, RCB Bank could not serve as a responsible citizen of the community or provide high-quality customer service. The purpose of RCB Bank is to meet the financial needs of their communities, its businesses and its customers. RCB Bank is a progressive bank with a commitment to each of the communities they are in, which is why so many people say, "That’s my bank!"
- Real Value
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- The Bell Law Firm
- Professional, Scientific, and Technical Services
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- The Firm Bell Law
- Professional, Scientific, and Technical Services
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Britton Vision Associates | Services | - | - | - | ||
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Health Care and Social Assistance | - | - | - | ||
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Professional, Scientific, and Technical Services | - | - | - | ||
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Finance and Insurance | - | - | - | ||
| Real Value | - | - | - | - | ||
| The Bell Law Firm | Professional, Scientific, and Technical Services | - | - | - | ||
| The Firm Bell Law | Professional, Scientific, and Technical Services | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Presenting a premier, turnkey solution for growing professional office users, Suite 100 at 3151 W Tecumseh Road delivers a fully built-out modern office suite comprising a total of 5,065 square feet on the ground floor. Desirable space features include abundant built-in cabinetry, stainless steel appliances, 12-foot ceilings, and large windows that fill the office with rich natural lighting. The space’s flexible floor plan includes six private offices, two collaborative conference rooms, a printing/copying room, a kitchen and break area, and a lobby with a reception desk.
Suite 120 offers highly versatile commercial space on the ground floor of 3151 W Tecumseh Road, currently in shell condition and ready for customization by a new tenant. This allows medical businesses in the area to create bespoke space for their options within the region’s main healthcare industry hub. The suite spans a total of ___ square feet, defined by tall ceilings, large windows, and wide column spacing that accommodates a variety of layouts.
Discover the limitless possibilities of this versatile shell space, providing ____ square feet of highly customizable space on the ground floor of 3151 W Tecumseh Road. With plumbing in place, there is significant potential for use by a healthcare business, allowing businesses to create customized space within a dense medical industry hub. The space offers tall ceilings and large windows which provide rich natural lighting, as well as wide column spacing that allows for flexibility build-out options.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100 | 5,053 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 120 | 2,340 SF | Office | Shell Space | Now |
| 1st Fl-Ste 130 | 2,040 SF | Office | Shell Space | Now |
1st Fl-Ste 100
| Size |
| 5,053 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 120
| Size |
| 2,340 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste 130
| Size |
| 2,040 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste 100
| Size | 5,053 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Presenting a premier, turnkey solution for growing professional office users, Suite 100 at 3151 W Tecumseh Road delivers a fully built-out modern office suite comprising a total of 5,065 square feet on the ground floor. Desirable space features include abundant built-in cabinetry, stainless steel appliances, 12-foot ceilings, and large windows that fill the office with rich natural lighting. The space’s flexible floor plan includes six private offices, two collaborative conference rooms, a printing/copying room, a kitchen and break area, and a lobby with a reception desk.
1st Fl-Ste 120
| Size | 2,340 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
Suite 120 offers highly versatile commercial space on the ground floor of 3151 W Tecumseh Road, currently in shell condition and ready for customization by a new tenant. This allows medical businesses in the area to create bespoke space for their options within the region’s main healthcare industry hub. The suite spans a total of ___ square feet, defined by tall ceilings, large windows, and wide column spacing that accommodates a variety of layouts.
1st Fl-Ste 130
| Size | 2,040 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
Discover the limitless possibilities of this versatile shell space, providing ____ square feet of highly customizable space on the ground floor of 3151 W Tecumseh Road. With plumbing in place, there is significant potential for use by a healthcare business, allowing businesses to create customized space within a dense medical industry hub. The space offers tall ceilings and large windows which provide rich natural lighting, as well as wide column spacing that allows for flexibility build-out options.
DEMOGRAPHICS
Demographics
NEARBY AMENITIES
HOSPITALS |
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|---|---|---|---|
| Grady Memorial Hospital | Acute Care | 7 min drive | 6 km |
| Norman Regional | Acute Care | 8 min drive | 6.9 km |
| J.D. Mccarty Center for Children | Children's | 11 min drive | 9.4 km |
| Oklahoma Center for Orthopaedic & Multi-Specialty Surgery | Acute Care | 15 min drive | 16.6 km |
| Community Hospital | Acute Care | 19 min drive | 20.2 km |
RESTAURANTS |
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|---|---|---|---|
| Wendy's | - | - | 4 min walk |
| McDonald's | - | - | 8 min walk |
| Sonic | Fast Food | - | 8 min walk |
| Pizza Hut | - | - | 10 min walk |
| Subway | - | - | 10 min walk |
RETAIL |
||
|---|---|---|
| First Citizens Bank | Bank | 3 min walk |
| Arvest Bank | Bank | 8 min walk |
| CVS Pharmacy | Drug Store | 8 min walk |
| MidFirst Bank | Bank | 10 min walk |
HOTELS |
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|---|---|
| Trademark Collection by Wyndham |
116 rooms
3 min drive
|
| Residence Inn |
124 rooms
6 min drive
|
| Hampton by Hilton |
104 rooms
7 min drive
|
| Delta Hotel |
150 rooms
6 min drive
|
| Motel 6 |
46 rooms
7 min drive
|
| Embassy Suites by Hilton |
283 rooms
6 min drive
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| Holiday Inn Express |
116 rooms
7 min drive
|
| Travelodge |
40 rooms
8 min drive
|
| Super 8 |
90 rooms
7 min drive
|
| Americas Best Value Inn |
44 rooms
7 min drive
|
PROPERTY TAXES
| Parcel Number | R0157967 | Improvements Assessment | $1,071,196 CAD |
| Land Assessment | $263,535 CAD | Total Assessment | $1,334,731 CAD |
PROPERTY TAXES
SALE ADVISORS
SALE ADVISORS
Isaac Christian, Managing Broker
Allison Reeves
When Allison is not showing off the amazing opportunities ROI Real Estate has to offer, she loves spending her time at the lake, on the boat, and making memories with her junior high sweetheart and beautiful little girl. Allison loves shopping, spending time with friends, and most importantly family. Allison puts her faith and family first.
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3151 W Tecumseh Rd
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