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    12 12Th Ave Norman, OK 73072

    For Sale
    $306,800

    Two 0.88-acre tracts, high visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property presents a rare opportunity to acquire two contiguous tracts of land ideally situated at the high-traffic intersection of NE 12th and Rock Creek Road in Norman, Oklahoma. Each parcel encompasses 38,350 square feet (0.88 acres) of developable land, offering a total of 6.89 acres. The combined acreage provides ample space for a variety of commercial ventures, benefiting from excellent visibility and convenient access. The location is strategically positioned to attract significant customer traffic and offers exceptional potential for businesses seeking a prominent presence in a thriving Norman market. The price for each individual tract is $306,800, representing a compelling value of $8 per square foot. This is an unparalleled chance to secure a prime location for your next commercial development project in a dynamic and growing area. The property's size and location make it suitable for a wide range of commercial uses, from retail and restaurants to office spaces and light industrial facilities. Don't miss this opportunity to invest in a highly desirable commercial property in Norman, Oklahoma. The combined 6.89 acres offer significant potential for a large-scale development or the opportunity to develop each tract independently. Act quickly, as properties of this caliber in this location are rarely available.

    Property Features for 12 12Th Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    300,128 SF
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.42349
    Latitude
    35.24738

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    FAQs

    What type of property is this?
    Commercial real estate - Two 0.88-acre tracts, high visibility
    Where is this commercial real estate located?
    The property is located at 12 12Th Ave Norman, OK.
    What is the asking price?
    The asking price for this property is $306,800.
    (405) 439-9206
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    12 12Th Ave Norman, OK 73072
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    Norman, OK 73072
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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
    12 12Th Ave Norman, OK 73072
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