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    851 12Th Ave Norman, OK 73071

    For Lease
    $18 SF/Yr ($11,775 /Mo)

    Prime Retail Space, Walmart Proximity, Excellent Visibility

    Lot size:
    7,638 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional retail property, located at 851-867 12th Avenue NE in Norman, Oklahoma, offers 7,638 square feet of versatile space in a high-traffic location. The single-story, Class B building, constructed in 2000, sits on a 0.69-acre lot and is zoned C-1, allowing for a variety of retail uses. Its strategic position provides significant advantages for businesses seeking high visibility and customer accessibility. The property benefits from its proximity to a major retail anchor, a Walmart shadow center, ensuring consistent foot traffic and brand recognition opportunities. Furthermore, its location is just 1.5 miles from Campus Corner, a vibrant hub of activity, and directly across the street from Griffin Memorial Hospital, creating a diverse customer base. The multiple tenancy structure offers flexibility for businesses of varying sizes and needs. This property presents a rare opportunity to establish or expand a retail presence in a thriving Norman community, capitalizing on its strategic location and high-traffic environment. The property features one building with a total of 7,638 square feet. The address is 851 12th Ave NE, Norman, OK 73071.

    Property Features for 851 12Th Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,638 SF
    Class
    B
    Total Rate
    11775.25

    Building Details

    Year Built
    2000
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 859
    Size
    1,640 SF
    Rate per SF
    $18
    Space
    Suite 851
    Size
    2,800 SF
    Rate per SF
    $18

    HighLights

    • 7,638 SF retail building in high‑traffic Norman, OK location.
    • Single‑story, Class B building on a 0.69‑acre lot, built in 2000.
    • C‑1 zoning allows for diverse retail uses.
    • Located near a Walmart shadow center and 1.5 miles from Campus Corner.
    • Across from Griffin Memorial Hospital, ensuring a diverse customer base.
    • Multiple tenancy structure offers flexibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    T-Mobile Authorized Retailer Internet Service Provider

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.4229472
    Latitude
    35.228563

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, Walmart Proximity, Excellent Visibility
    Where is this retail property located?
    The property is located at 851 12Th Ave Norman, OK.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 7,638 SF retail building in high-traffic Norman, OK location.; Single-story, Class B building on a 0.69-acre lot, built in 2000.; C-1 zoning allows for diverse retail uses.
    Request Owner's contact information
    851 12Th Ave 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
    851 12Th Ave Norman, OK 73071
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