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Damann Plaza 851-867 12th Ave NE 9,316 SF 100% Leased Retail Building Norman, OK 73071 $2,721,680 CAD ($292.15 CAD/SF) 7.90% Cap Rate
Investment Highlights
- 1.5 Miles Northeast of the University of Oklahoma
- 20 Minutes South of Oklahoma City
- Norman is the 3rd Largest City in the State
Executive Summary
100% Occupied
5 Notable Tenants
NOI: $156,632.58
Walmart Shadow Center
New TPO Roof Installed in 2021
5 Notable Tenants
NOI: $156,632.58
Walmart Shadow Center
New TPO Roof Installed in 2021
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
9,316 SF
Building Class
B
Year Built
2000
Price
$2,721,680 CAD
Price Per SF
$292.15 CAD
Cap Rate
7.90%
NOI
$215,013 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.69 AC
Zoning
C-1
Parking
35 Spaces (3.76 Spaces per 1,000 SF Leased)
Frontage
108’ on 12th Ave
Amenities
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Beanstalk Coffee and Sno
- -
- -
- -
- -
-
- Finance and Insurance
- -
- -
- -
State Farm began in 1922 when George J. Mecherle created auto insurance for farmers in Illinois. The company expanded into homeowners and life insurance while maintaining its mutual ownership structure. Today State Farm offers various insurance products and financial services like banking and investments. They've become a significant presence in the US insurance market through their large network of agents.
- The Palace
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Beanstalk Coffee and Sno | - | - | - | - | ||
|
|
Finance and Insurance | - | - | - | ||
| The Palace | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 851
- 2,800 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 851 | 2,800 SF | Retail | In-Line | Now |
851
| Size |
| 2,800 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R0097015 | Improvements Assessment | $116,678 CAD |
| Land Assessment | $42,529 CAD | Total Assessment | $159,208 CAD |
Property Taxes
Parcel Number
R0097015
Land Assessment
$42,529 CAD
Improvements Assessment
$116,678 CAD
Total Assessment
$159,208 CAD
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Damann Plaza | 851-867 12th Ave NE
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