2627 Classen BlvdNorman, OK 73071

Property Details for 2627 Classen Blvd

Year built

2009

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.15 AC

Property size (Sq ft)

19,516 SF

Property type

Retail space

APN

NC29CRMCA 1 1001

APU

NC29CRMCA11001

Description

Crimson Centre, located at 2627 Classen Blvd in Norman, Oklahoma (zip code 73071), offers exceptional retail leasing opportunities. This well-maintained, 19,516 square foot center, built in 2009, currently has 4,840 square feet of vacant space available for lease. The property features three total suites, with a minimum divisible space of 1,820 square feet and a maximum contiguous space of 3,020 square feet. The available spaces represent a unique opportunity, including a former dispensary space and soon-to-be-available second-generation nail salon and tanning salon spaces. The center boasts excellent parking and easy accessibility, making it an attractive location for businesses seeking high visibility and convenient access for customers. The property's prime location in Norman, OK ensures strong foot traffic and a thriving customer base. This is an ideal location for businesses seeking a well-maintained and managed retail space in a desirable area. Interested parties should inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $5,114,850

  6.5%

  $4,721,400

  7%

  $4,384,158

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,917,376

  Geo Method

  $5,917,376

• Alternative Use

  Use

  Valuation

  Residential

  $3,982,678

  Hospitality

  $3,648,112

  Educational

  $3,035,186

  Medical

  $3,139,571

  Retail

  $4,721,400

Location Insight

City

Norman

County

Cleveland

State

Oklahoma

Latitude

35.1915

Longitude

-97.4226

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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