430 N Berry Rd Norman, OK 73069 430 N Berry Rd 2,400 SF Office Building Norman, OK 73069 $350,000 ($145.83/SF)
INVESTMENT HIGHLIGHTS
- Corner lot
- Prime location
- Expansion possibilities
EXECUTIVE SUMMARY
Rare find in the heart of Norman. At almost a 1/2 acre lot, the commercial possibilities are endless. Less than 2 miles from OU this really is a prime location on a corner lot. Building has been well maintained, new sewer line in 2024. There is plenty of room for expansion. Please do not disturb tenants.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$28,880
|
$12.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$28,880
|
$12.03
|
| Taxes |
$3,363
|
$1.40
|
| Operating Expenses |
$5,600
|
$2.33
|
| Total Expenses |
$8,963
|
$3.73
|
| Net Operating Income |
$19,917
|
$8.30
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
2,400 SF
Year Built
1970
Price
$350,000
Price Per SF
$145.83
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,400 SF
Building FAR
0.11
Lot Size
0.49 AC
Zoning
Commercial - Zoned C-1 Local commercial district.
1 of 1
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | R0046087 | Total Assessment | $28,070 |
| Land Assessment | $9,227 | Annual Taxes | $3,363 ($1.40/SF) |
| Improvements Assessment | $18,843 | Tax Year | 2024 |
