Upscale Office Space
1014 24th Ave NW Norman, OK
For Sale
Contact for pricing
Custom-built office space with tenant-occupied suite.
Property Size6,250 SF
Lot Size0.52 Acres
Price / SF$240
Days on Market243
Property Features for 1014 24th Ave NW
General Information
- Standard status
- Active
- Size
- 6,250 SF
- Lot size
- 0.52 Acres
- Property subtype
- OFFICE
Properties For Sale
at 1014 24th Ave NW Contact us
Listing Agency:
Equity Commercial Realty Advisors - OKC
(405) 826-7975
Listed By:
Gayla Artman · License #173323
(405) 826-7975
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equity Commercial Realty Advisors - OKC
Investment Insights
Based on property information with market context.
This property features an upscale, custom-built office space. Suite 100 includes a grand conference room with double glass doors and an impressive accent rock wall. The suite also offers a large reception and waiting area, six large offices, a consultation area, a kitchen, a large work/copy room, a data room, a janitorial closet, and two restrooms. An indoor storm shelter is also included. Suite 110 is currently leased and tenant-occupied. The property has a size of 6250 square feet.
Key Highlights
- Upscale custom‑built office space
- Grand conference room with double glass doors and impressive accent rock wall
- Six large offices and consultation area
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.3k | $15.24 |
| − Vacancy | −$24.6k | −$3.93 |
| EGI | $70.7k | $11.31 |
| − OpEx | −$17.7k | −$2.83 |
| NOI | $53.0k | $8.48 |
6,250 SF · lease $15.24/SF/yr · vacancy 25.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$757.2K
$662.6K – $883.5K
NOI $53,007 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.08M
$945.0K – $1.26M
NOI $75,600 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Farmers Insurance: Tracy ...
Insurance Agency
Brickell & Associates PC
Law Firm
Stan A Koop Lawyer
Law Firm
Stan Koop, PLLC
Law Firm
FAQs
What type of property is this?
Office units - Custom-built office space with tenant-occupied suite.
Where is this office units located?
The property is located at 1014 24th Ave NW Norman, OK.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Upscale custom‑built office space; Grand conference room with double glass doors and impressive accent rock wall; Six large offices and consultation area
