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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
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
$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
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- Finance and Insurance
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State Farm began in 1922 when G.J. Mecherle founded the business in central Illinois as an auto insurance company built around fairness for farmers and other drivers. The company has since grown into a mutual insurer that offers auto, home, renters, life, health, and business coverage, along with financial services and claims support. State Farm’s public materials describe a long-running focus on helping customers manage everyday risks, recover from unexpected events, and plan for the future. Recent company reporting also shows a broad market presence across insurance and related services, with a wide network of agent offices serving millions of policies and accounts.
- The Palace
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Beanstalk Coffee and Sno | - | - | - | - | ||
|
|
Finance and Insurance | - | - | - | ||
| The Palace | - | - | - | - |
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 | $84,993 |
| Land Assessment | $30,980 | Total Assessment | $115,973 |
Property Taxes
Parcel Number
R0097015
Land Assessment
$30,980
Improvements Assessment
$84,993
Total Assessment
$115,973
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