114 Main StNorman, OK 73069

Property Details for 114 Main St

Year built

1920

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.08 AC

Property size (Sq ft)

2,945 SF

Property type

Retail space

APN

NC29AAAOT 6 7001

APU

NC29AAAOT67001

Description

This single-story, one-building office property at 114 W Main St in Norman, Cleveland County, offers multiple tenancy options. Three spaces are currently available, ranging from a minimum of 80 square feet to a maximum of 230 square feet. The building provides convenient 24/7 access, enhanced security with a security system, and high-speed Wi-Fi is included in the lease. Shared amenities are available for tenant use, including a conference room, a refrigerator, microwave, and coffee maker. An on-site document shredding service adds to the convenience. The location is highly desirable, situated near key Norman landmarks such as banks, the courthouse, the post office, Norman City Government offices, and a variety of restaurants. Monthly rental rates vary depending on the size of the space, ranging from $398 to $763. This is an excellent opportunity for businesses seeking flexible and well-equipped office space in a central Norman location. The property is ideal for small businesses or entrepreneurs needing a professional and convenient workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $771,840

  6.5%

  $712,468

  7%

  $661,577

• Comparable approach

  Method

  Valuation

  Relative Method

  $892,943

  Geo Method

  $892,943

• Alternative Use

  Use

  Valuation

  Residential

  $600,993

  Hospitality

  $550,507

  Educational

  $458,015

  Medical

  $473,767

  Retail

  $712,468

Location Insight

City

Norman

County

Cleveland

State

Oklahoma

Latitude

35.2209

Longitude

-97.4425

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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