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Damann Plaza 851-867 12th Ave NE 9,316 SF 100% Leased Retail Building Norman, OK 73071 $1,982,576 ($212.81/SF) 7.90% Cap Rate

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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

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
9,316 SF
Building Class
B
Year Built
2000
Price
$1,982,576
Price Per SF
$212.81
Cap Rate
7.90%
NOI
$156,624
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
  • -
  • -
  • -

The State Farm® mission is to help people manage the risks of everyday life, recover from the unexpected and realize their dreams. Their vision for the future is to be the customer's first and best choice in the products and services they provide. They will continue to be the leader in the insurance industry and they will become a leader in the financial services arena. Their customers' needs will determine their path. Their values will guide them. They are people who make it their business to be like a good neighbor; who built a premier Company by selling and keeping promises through their marketing partnership; who bring diverse talents and experiences to their work of serving the State Farm customer. Their success is built on a foundation of shared values — quality service and relationships, integrity and financial strength. Their company mission is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams.

  • 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

NEARBY MAJOR RETAILERS

IHOP
Fit Body Boot Camp
Scooter's Coffeehouse
Planet Fitness
Mazzio's
Jimmy's Egg
Homeland
Taco Bueno

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R0097015
Land Assessment
$36,000
Improvements Assessment
$74,451
Total Assessment
$110,451
  • Listing ID: 38477614

  • Date on Market: 11/17/2025

  • Last Updated:

  • Address: 851-867 12th Ave NE, Norman, OK 73071

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