3530 Macdonnell DrNorman, OK 73069

Property Details for 3530 Macdonnell Dr

Year built

1998

Construction

STEEL FRAME

Lot size

0.45 AC

Property size (Sq ft)

4,960 SF

Property type

Office buildings

APN

NC29NTRP4 1 2001

APU

NC29NTRP412001

Description

This exceptional 4,960-square-foot office/industrial warehouse in Norman, Oklahoma, presents a rare investment opportunity. Located at 3530 Macdonnell Dr, this single-story, 1995-built property sits on a 0.45-acre lot and is zoned O-1. The fully climate-controlled space boasts 14-foot ceilings, providing ample room for various uses. Features include a 600 Amp/3-Phase electrical service, a sprinkler system, a backup generator, and a 10-ton and 2-ton AC unit. The property also includes a convenient industrial kitchen and shower facilities, along with washer/dryer hookups. Its strategic location near Flood Ave and I-35 offers easy access to major transportation routes. Priced at $520,800, this versatile property is ideal for a business owner or investor seeking a well-maintained space with significant potential in a high-demand area of Norman, OK 73069. The property's size and features make it suitable for a wide range of commercial applications. The ample lot size also allows for potential expansion or future development. This is a unique opportunity to acquire a well-equipped and strategically located commercial property in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $884,314

  6.5%

  $816,290

  7%

  $757,983

• Comparable approach

  Method

  Valuation

  Relative Method

  $596,787

  Geo Method

  $596,787

• Alternative Use

  Use

  Valuation

  Residential

  $1,012,199

  Hospitality

  $927,169

  Educational

  $771,394

  Medical

  $797,923

  Retail

  $1,199,946

Location Insight

City

Norman

County

Cleveland

State

Oklahoma

Latitude

35.2614

Longitude

-97.4652

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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