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716 Sonia Dr 1.25 Acres of Commercial Land Offered at $1,116,735 CAD in Norman, OK 73072
INVESTMENT HIGHLIGHTS
- 716 Sonia Drive is a 1.25-acre vacant lot recently rezoned to RM-6, Medium-Density Apartment District, permitting student housing projects.
- As of Q1 2025, student housing commanded average rates 31% higher than traditional multifamily communities in the OU market, with 3.3% YOY growth.
- Ideally poised to serve the University of Oklahoma (OU), boasting a full-time student population of 23,191, with only about 6,300 on-site dorms.
- Located within a five-minute walk of the OU Rugby Field, the Lloyd Noble Center arena, the OU Tennis Club, and the CART student bus line.
EXECUTIVE SUMMARY
716 Sonia Drive presents a rare opportunity to develop multifamily real estate on the edge of the University of Oklahoma campus.
The 1.25-acre tract was recently rezoned to RM-6, Medium-Density Apartment District, allowing for student housing developments. The site previously had three single-family houses, which have now been demolished, leaving the land in shovel-ready condition. 716 Sonia Drive is surrounded by several other housing options, including the VUE and Avalon, two of the top-rated communities serving OU per Apartments.com, establishing this location as a preferred destination for students.
Located diagonally across from the OU Rugby Field and the university’s indoor arena is behind the field, this is one of the closest development sites to the campus. Students can walk to a Campus Area Rapid Transit Stop (CART) in five minutes, providing an even quicker route to all school facilities. Monthly student rents were reportedly $241 higher on average compared to multifamily rents in the area as of Q1 2025, and that figure typically rises the closer the property is to campus.
The 1.25-acre tract was recently rezoned to RM-6, Medium-Density Apartment District, allowing for student housing developments. The site previously had three single-family houses, which have now been demolished, leaving the land in shovel-ready condition. 716 Sonia Drive is surrounded by several other housing options, including the VUE and Avalon, two of the top-rated communities serving OU per Apartments.com, establishing this location as a preferred destination for students.
Located diagonally across from the OU Rugby Field and the university’s indoor arena is behind the field, this is one of the closest development sites to the campus. Students can walk to a Campus Area Rapid Transit Stop (CART) in five minutes, providing an even quicker route to all school facilities. Monthly student rents were reportedly $241 higher on average compared to multifamily rents in the area as of Q1 2025, and that figure typically rises the closer the property is to campus.
SALE FLYER
PROPERTY FACTS
| Price | $1,116,735 CAD | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.25 AC |
| Property Type | Land | ||
| Zoning | RM-6 - Medium-Density Apartment District | ||
| Price | $1,116,735 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.25 AC |
| Zoning | RM-6 - Medium-Density Apartment District |
1 LOT AVAILABLE
Lot
| Price | $1,116,735 CAD | Lot Size | 1.25 AC |
| Price Per AC | $893,387.71 CAD |
| Price | $1,116,735 CAD |
| Price Per AC | $893,387.71 CAD |
| Lot Size | 1.25 AC |
This site is approximately 1.25 acres and has been rezoned to RM-6, which will accommodate student housing.
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Sonic Drive-In | Fast Food | - | 6 min walk |
| Rudy's BBQ | - | - | 8 min walk |
RETAIL |
||
|---|---|---|
| 7-Eleven | Convenience Market | 7 min walk |
HOTELS |
|
|---|---|
| Tribute Portfolio |
91 rooms
7 min drive
|
| La Quinta Inns & Suites |
117 rooms
6 min drive
|
| Fairfield Inn |
74 rooms
8 min drive
|
| Delta Hotel |
150 rooms
9 min drive
|
| Courtyard |
113 rooms
9 min drive
|
| Hilton Garden Inn |
121 rooms
10 min drive
|
SALE ADVISORS
SALE ADVISORS
Isaac Christian, Managing Broker
Isaac Christian is the Managing Broker, and owner of ROI Real Estate. With over 17 years of experience in the real estate industry, Isaac is able to provide clients with a wide range of counsel. Having worked predominantly as a real estate developer, Isaac’s knowledge base provides unique perspective when it comes to evaluating real estate. Developing real estate all around the Oklahoma City metropolitan area has allowed him to actively participate in land acquisitions, rezoning and platting properties, conceptualize master site plans, turnkey development of sites (to include commercial, industrial, multifamily, and residential communities), and construction of custom and spec homes and offices. It was this experience that ultimately led Isaac to take on the opportunity to own and manage ROI. While ROI Real Estate provides services pertaining to residential and commercial real estate, Isaac’s focus is mainly on commercial land acquisition and office leasing/sales.
Allison Reeves
Allison Reeves is a licensed Real Estate Agent in the State of Oklahoma for ROI Real Estate. Allison is a graduate of Oklahoma City Community College and has an Associate’s Degree in Applied Science. With 3 years of experience in the real estate industry, Allison can help clients in all aspects of real estate needs such as leasing, purchasing, selling or buying a home! She is dedicated to putting her clients first and helping them dream up their future space. While ROI Real Estate provides services pertaining to residential and commercial real estate, Allison’s focus is mainly on office leasing/sales and selling residential homes.
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.
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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716 Sonia Dr
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