Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    627 12Th Ave Norman, OK 73071

    Sponsored
    For Lease
    Contact for pricing

    Walmart-Shadowed Retail Center, 8 Suites

    Lot size:
    19,638 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This thriving 19,638 square foot shopping center in Norman, Oklahoma, presents a compelling investment opportunity. Strategically located on high-traffic 12th Ave NE, it benefits from an estimated 2.5 million annual visits, drawing both local residents and travelers. The center is anchored by a Walmart, ensuring significant foot traffic and high visibility for all tenants. Currently, the property features eight suites, with 3,232 square feet of readily available space, ideal for a variety of businesses. The property's prime location and strong anchor tenant make it an attractive option for retail businesses, healthcare providers, or restaurants seeking high exposure and a robust customer base. The center's established presence and consistent traffic flow offer a stable foundation for growth and profitability. With its convenient location and ample space, this shopping center is poised for continued success. The available suites provide a unique chance to establish a presence in a bustling commercial area, benefiting from the established draw of the Walmart anchor. This is an exceptional opportunity to acquire a well-positioned retail property in a thriving Oklahoma market. The property address is 627 12th Ave NE, Norman, OK 73071.

    Property Features for 627 12Th Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,638 SF

    Unit(s) available at that property

    Space
    AVAILABLE (1)
    Size
    1,600 SF
    Space
    AVAILABLE (2)
    Size
    3,232 SF

    HighLights

    • High‑traffic Walmart shadow center with 2.5 million annual visits.
    • Strong retail co‑tenancy including American Freight, Walgreens, Chick‑fil‑A, Dollar Tree, Scooter's Coffee, and IHOP.
    • Anchor tenants: Outreach Thrift Store and Great Clips.
    Property Profile Location Intelligence

    Current Use by Public Records

    Empire Finance of Norman Loan Agency GameStop Video Game Store Pro Nails & Spa Nail Salon Great Clips Hair Salon

    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
    -97.422940200019
    Latitude
    35.227263913135

    Nearby Similar for Lease

    • $12 SF/Yr
      2,496 SF

      Norman Retail/Office Ready Suite

      2,496 SF whiteboxed suite suitable for various businesses.
      1042 N Flood Ave, Norman, OK 73072
      View Details
    • $850 /Mo
      800 SF

      Updated Condo in Norman, Oklahoma

      Recently updated 2-bedroom condo with new appliances and flooring.
      1331 Glen Oaks Ct, Norman, OK 73071
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in High-Traffic Center

      Retail space in a top-ranked shopping center with high visibility.
      1800 24Th Ave NW, Norman, OK 73069
      View Details
    • $16 SF/Yr
      3,300 SF

      Modern Office/Warehouse Space Available

      Newly constructed office/warehouse with flexible layouts and ample parking.
      4701 W Main St, Norman, OK 73072
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space in Community Center

      Retail space available in a high-traffic community shopping center.
      1500 24Th Ave NW, Norman, OK 73071
      View Details
    • $8 SF/Yr
      6,412 SF

      Norman Retail Space For Lease

      6,412 SF suite ideal for retail or service businesses.
      1024 N Flood Ave, Norman, OK 73072
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in High-Traffic Center

      Retail space available in a highly visited shopping center.
      1628-1680 24Th Ave NW, Norman, OK 73071
      View Details
    • $12 SF/Yr
      1,688 SF

      Prominent Retail Space on Parkway

      Retail space with high visibility and strong anchor tenants.
      560 Ed Noble Pkwy, Norman, OK 73072
      View Details
    • $18 SF/Yr
      7,955 SF

      Norman Office Space for Lease

      Prime Norman location, flexible suites available
      808 24Th Ave, Norman, OK 73072
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space in High-Traffic Center

      Retail space available in a highly visited community shopping center.
      1351 24Th Ave NW, Norman, OK 73072
      View Details
    • Contact for pricing
      217,262 SF

      University Town Center Retail Space

      Prime Norman, OK retail space near OU.
      0 24Th Ave, Norman, OK 73069
      View Details
    • $12 SF/Yr
      6,336 SF

      Norman Flex/Warehouse Space Available

      Three 1,500 SF Units, Excellent Condition
      3333-3349 Deskin Dr, Norman, OK 73069
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Walmart-Shadowed Retail Center, 8 Suites
    Where is this lifestyle center located?
    The property is located at 627 12Th Ave Norman, OK.
    What are key features of this property?
    This property features: High-traffic Walmart shadow center with 2.5 million annual visits.; Strong retail co-tenancy including American Freight, Walgreens, Chick-fil-A, Dollar Tree, Scooter's Coffee, and IHOP.; Anchor tenants: Outreach Thrift Store and Great Clips.
    Request Owner's contact information
    627 12Th Ave Norman, OK 73071
    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.
    627 12Th Ave
    Norman, OK 73071
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    627 12Th Ave Norman, OK 73071
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.