370 Ed Noble PkwyNorman, OK 73072

Property Details for 370 Ed Noble Pkwy

Lot size

2.13 AC

Property type

Turn key restaurants

APN

NC29MXD#2 1 3B001

APU

NC29MXD213B001

Description

This exceptional 10,500-square-foot office building, constructed in 2008 and renovated in 2015, is situated on a 3.39-acre lot in Norman, Oklahoma. The property boasts a single-tenant occupancy and is zoned C2, offering significant flexibility for a variety of businesses. Its prime location at 370 Ed Noble Parkway in Cleveland County (zip code 73072) provides excellent visibility and accessibility. A key feature is its stunning waterfront setting, complemented by two outdoor fireplaces and a spacious patio area, creating a unique and desirable work environment. Ample parking is provided within a dedicated lot. The building's substantial size allows for a variety of configurations to suit specific business needs. This property presents a rare opportunity to acquire a high-quality, well-maintained office building in a sought-after location. The building's modern design and attractive outdoor amenities make it an ideal choice for businesses seeking a prestigious and functional workspace. The 2015 renovation ensures the building is equipped with contemporary features and systems. This is a single-tenant building, offering a cohesive and efficient workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $18,875,100

  6.5%

  $17,423,200

  7%

  $16,178,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,621,100

  Geo Method

  $11,621,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $33,899,100

  Mixed-Use / Specialty

  $17,392,500

  Hospitality / Lodging

  $12,801,200

  Office

  $17,321,900

  Institutional / Educational

  $18,092,400

  Residential Income

  $21,168,100

  Multifamily

  $25,213,700

  Automotive / Energy

  $15,507,800

  Parking / Income-Based Land

  $5,320,500

  Restaurant / Food Service

  $9,113,050

  Healthcare / Senior Housing

  $17,803,400

Location Insight

City

Norman

County

Cleveland

State

Oklahoma

Latitude

35.2154

Longitude

-97.487

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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