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    3614 Classen Blvd Norman, OK 73071

    Sponsored
    For Sale
    $395,000

    Half-acre Norman retail lot, high growth area.

    Property size:
    1,443 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 0.51-acre commercial lot at 3614 Classen Boulevard in Norman, Oklahoma presents a unique investment opportunity. Located in a rapidly developing area of Norman, this property offers significant potential for retail development. The 1,443 square foot existing structure holds no significant value and is to be considered as-is. The property's prime location boasts high visibility and accessibility, situated directly across from a Walmart Supercenter and Club Car Wash, and adjacent to a Take 5 Oil Change. The surrounding area is experiencing substantial residential growth, with newer housing developments nearby. This surge in residential construction creates a strong demand for retail services, making this lot ideally positioned to capitalize on this expanding market. The adjacent lot at 3608 Classen Boulevard is also available for purchase, offering the potential to acquire a full acre of land, providing ample space for both building construction and parking. This combined acreage would be perfect for a larger-scale retail development. The current residential zoning presents an opportunity for rezoning to commercial use, allowing for the creation of a thriving retail establishment in a high-traffic area. This is a rare chance to secure a prime retail location in a booming Norman neighborhood. The property is priced at $395,000.

    Property Features for 3614 Classen Blvd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,443 SF
    Lot Size
    22,216 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.41373
    Latitude
    35.17431

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    FAQs

    What type of property is this?
    Commercial real estate - Half-acre Norman retail lot, high growth area.
    Where is this commercial real estate located?
    The property is located at 3614 Classen Blvd Norman, OK.
    What is the asking price?
    The asking price for this property is $395,000.
    Request Owner's contact information
    3614 Classen Blvd Norman, OK 73071
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    Norman, OK 73071
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3614 Classen Blvd Norman, OK 73071
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