Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3501 24th Avenue Northwest Norman, OK 73069

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $24 SF/Yr

    High-visibility medical office space with connectivity in Norman, Oklahoma.

    Type:Healthcare
    Property size:
    5,297 SF
    Added:
    Mar 25, 2026
    Days on Market:
    11
    Last Refresh:
    Mar 18 at 8:52 am

    Property Features for 3501 24th Avenue Northwest

    General Information

    Standard status
    Active
    Size
    5,297 SF
    Property subtype
    Healthcare

    We can help!

    Listing Contact
    Amy Dunn, CCIM
    Amy Dunn, CCIM

    Listing agent Amy Dunn, CCIM

    Listing office CBRE | Oklahoma City

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE | Oklahoma City

    Overview

    Medical Office Space Available

    Located near the University Towne Center at Tecumseh & 24th Ave NW, this property serves both Norman and Moore and offers convenient access to I-35. Available spaces range from 1,880 to 3,471 square feet. Suite 102 offers 3,417 square feet, while Suite 103 provides 1,880 square feet. The property is ideally suited for medical office users seeking high visibility and connectivity.
    Location Intelligence

    Current Use by Public Records

    The Perinatal Center Medical Clinic Ronan Bakker Physician Jae Lindsay Chaloner Counselor Dr. David Deschamps Physician David Randall Deschamps Physician

    Suggested Use

    Big Box & Wholesale Store

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

    Similar Places Nearby

    • Cats Only Veterinary Clinic — 1308 N Interstate Dr, Norman, OK 73072
    • Vetco Total Care Animal Hospital — 1670 24th Ave NW, Norman, OK 73069

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.404617
    Latitude
    35.261304

    Nearby Similar for Lease

    • Contact for pricing

      Modern Warehouse with Office Space

      Modern warehouse with office, built in 2020, in Norman.
      1820 W Tecumseh Road unit: 138, Norman, OK 73069
      View Details
    • Contact for pricing

      Modern Warehouse Built in 2020

      Modern warehouse with office, accessible bathroom, and garage space.
      1800 W Tecumseh Road unit: 104, Norman, OK 73069
      View Details
    • $18/mo

      Grocery-Anchored Retail Space Available

      Retail space in Norman, OK, with strong co-tenancy.
      1209-1249 E Alameda St, Norman, OK 73071
      View Details
    • $20/mo

      Retail Space Near OU Campus

      Retail space available near the University of Oklahoma campus.
      Norman, OK 73072
      View Details
    • $8/mo

      Norman Retail Space For Lease

      6,412 SF suite ideal for retail or service businesses.
      1024 N Flood Ave, Norman, OK
      View Details
    • $18/mo

      Norman Retail Space For Rent

      Retail space available in Norman with strong co-tenancy.
      1209-1249 Alameda St , Norman, OK
      View Details
    • $16/mo

      Modern Office/Warehouse Space Available

      Newly constructed office/warehouse with flexible layouts and ample parking.
      4701 W Main St, Norman, OK
      View Details
    • $12/mo

      Norman Retail Space For Lease

      Retail property with high visibility and pylon signage available.
      2224-2300 W. Main Street, Norman, OK 73069
      View Details
    • $17/mo

      Retail Space in Walmart Shadow

      Retail space available in a Walmart shadow center.
      851-867 12th Avenue NE, Norman, OK 73071
      View Details
    • $12/mo

      Office Space Near I-35

      Office space for lease near I-35 and OU campus.
      2241 W Lindsey St, Norman, OK
      View Details
    • $9/mo

      Modernized Office Space For Rent

      Office space undergoing modernization, available for lease.
      1006 N University Blvd, Norman, OK 73069
      View Details
    • Contact for pricing

      Retail Space in University Town

      Premier retail destination in Norman's University Town Center.
      1690 24th Avenue Northwest, Norman, OK, 73069
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - High-visibility medical office space with connectivity in Norman, Oklahoma.
    Where is this medical office space located?
    The property is located at 3501 24th Avenue Northwest Norman, OK.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location ideal for medical office users; Located near the intersection of Tecumseh & 24th Ave NW, serving Norman and Moore; Available space ranging from 1,880 to 3,471± SF
    (405) 209-3656
    We can help!
    Listing Contact
    Amy Dunn, CCIM
    Amy Dunn, CCIM
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!