Norman, OK
Commercial Real Estate Market Trends & Data

$220 Avg asking sale price
$108 Avg asking lease rate
6,083 SF Avg unit lease size
20,040 SF Avg building size for sale
8.29% Average cap rate

Norman's Demographic Profile

Norman has 53,389 households and a median income of $59,210, providing context for rent absorption and tenant demand across retail and multifamily assets. A +4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 134,642
# Households 53,389
Median age 34
Median household income $59,210
Avg household size 2.0
Renter-occupied housing units 25,544
5-year population change +4%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Norman, OK

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Norman $183 11,438 SF 7.50%
Moore $159 23,901 SF 8.32%
Choctaw $180 5,229 SF 11.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Norman $132 21,923 SF 8.70%
Moore $121 70,679 SF 8.70%
Newcastle $241 11,500 SF 7.50%
Nearby Retail Markets Avg Cost/SF Typical Size
Norman $314 28,652 SF
Noble $139 1,438 SF
Moore $163 13,696 SF
Newcastle $250 1,500 SF
Choctaw $189 13,993 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Norman $198 16,153 SF 7.01%
Oklahoma City $214 34,283 SF 15.29%

Commercial Properties For Sale in Norman

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

17 Commercial Assets

  • Price Upon Request
For Sale

Norman 2 for 1 opportunity

Norman, OK 73069

  • 2,109 SF Multifamily
  • $212,500
For Sale

NRH Medical Park West

Norman, OK 73072

  • 0.60 AC Lot
  • 1 Commercial Lot
  • $365,904
For Sale

Robinson Medical Plaza

Norman, OK 73071

  • 15,492 SF Office Building
  • $2,556,180
For Sale

1210 Magnolia Ct

Moore, OK 73160

  • 7,405 SF Office Building
  • $1,999,350
For Sale

1805 W Main St

Norman, OK 73069

  • 2,570 SF Retail Building
  • $875,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Norman pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Norman $220 20,040 SF
Noble $178 12,275 SF
Moore $149 36,560 SF
Newalla $187 7,500 SF
Goldsby $150 15,998 SF

Regional Demographic Comparison

This comparison places Norman alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Norman or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Norman 134,642 53,389 34 $59,210 2 25,544 4%
Noble 7,640 2,967 38 $75,115 3 915 5%
Moore 63,017 23,726 36 $70,444 3 8,047 3%
Goldsby 3,302 1,120 41 $92,144 3 120 18%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Norman, OK and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Norman

View All Commercial Real Estate For Sale in Norman
Is Norman a good market for a first-time commercial real estate investor?

Norman offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Norman?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Norman. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Norman?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Norman. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Norman compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Norman. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Norman acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Norman, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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