Flexible Retail
130-480 Nw 24th Ave, Norman, OK 73069
For Sale
Contact for pricing
Open-plan commercial suite with a restroom and rear support area in Madison Square.
Property Size1,058 SF
Price / SF$1.88
Days on Market208
Property Features for 130-480 Nw 24th Ave
General Information
Standard status
Size
Amenities
one restroom
rear breakroom/back area
Listing Agency:
Brick and Beam Realty
(405) 439-9206
Listed By:
Chris Johnson · License OK #200452
(405) 435-3572
Source:
Exprealty
Added: Apr 17
Changed: Nov 1
Last Checked: Nov 8 at 10:41AM
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 Brick and Beam Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 130 at Madison Square provides 1,058 SF of adaptable commercial space in a retail-center setting. The interior is organized around a broad open area that can accommodate different layouts, with one restroom and a rear breakroom or support area adding functional separation.
The suite is located at 130-480 NW 24th Ave in Norman, Oklahoma, within the northwest area of the city. Its configuration supports a range of retail, office, or service-oriented layouts without relying on a fixed interior arrangement.
The suite is located at 130-480 NW 24th Ave in Norman, Oklahoma, within the northwest area of the city. Its configuration supports a range of retail, office, or service-oriented layouts without relying on a fixed interior arrangement.
Key Highlights
- 1,058 SF suite at Madison Square
- Large open area supports flexible interior planning
- One restroom included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,554
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,080
$211.1K
Cap Rate 7%
$150,771
$150.8K
Cap Rate 9%
$117,267
$117.3K
Market Conditions
NOI Build-Up for 1,058 SF
Gross rent
$15.9K $15.00/SF
− Vacancy
−$794 −$0.75/SF
EGI
$15.1K $14.25/SF
− OpEx
−$4.5K −$4.27/SF
NOI
$10.6K $9.98/SF
Area
Norman, OK
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,080
Cap Rate 7%
$150,771
Cap Rate 9%
$117,267
Alternative Uses
Best Use
Retail
$150.8K
$131.9K – $175.9K
NOI $10,554 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$182.8K
$160.0K – $213.3K
NOI $12,798 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 48%
7-Eleven
Shops & Services
11,939 visits/mo
0.1 miles
SONIC Drive In
Dining
11,039 visits/mo
0.1 miles
Demographics for 73069, OK
26,464
Population
12,719
Households
2.1
Avg Household Size
32
Median Age
45%
College-Educated
93%
High-School Grad
15.7 sq mi
ZIP Area
1,686
Density / Sq Mi
$55,699
Median Household Income
$34,151
Median Earnings
$1,031
Median Rent
$212,400
Median Home Value
Market
Properties on Market for Retail space in Norman
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Open-plan commercial suite with a restroom and rear support area in Madison Square.
Where is this retail space located?
The property is located at 130-480 Nw 24th Ave Norman, OK.
What are key features of this property?
This property features: 1,058 SF suite at Madison Square; Large open area supports flexible interior planning; One restroom included
