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    000 Porter Ave Norman, OK 73071

    For Sale
    $1,150,000

    Exceptional location, future commercial potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 10-acre farm and ranch property presents a prime opportunity for commercial development in Norman, Oklahoma. Located at 000 N Porter, this hard corner lot boasts convenient access to both Porter and Franklin Roads. Its strategic position across from the renowned Hollywood Corners and near the Belmar Golf Course offers unparalleled visibility and accessibility. The property benefits from its proximity to thriving residential neighborhoods, including Belmar, Belmar North, and Little River Trails, ensuring a strong potential customer base. Further enhancing its appeal is the presence of over 300 acres of land in the immediate vicinity owned by a prominent Norman home builder, suggesting significant future growth in the area. The property's location near a proposed turnpike provides excellent transportation links. The high daily vehicle count of 11,000+ underscores the significant traffic flow in the area. While the boundaries shown in the imagery are approximate, this 10-acre parcel offers substantial potential for investors seeking a strategic location for commercial ventures in a rapidly developing part of Norman. The asking price is $1,150,000. The property is situated in Cleveland County, Oklahoma, with a zip code of 73071.

    Property Features for 000 Porter Ave

    General Information

    Property type
    Farms
    Lot Size
    435,600 SF

    HighLights

    • 10‑acre commercial development site in Norman, OK, priced at $1,150,000.
    • Hard corner lot at Porter and Franklin Roads, offering high visibility.
    • Excellent location across from Hollywood Corners and near Belmar Golf Course.
    • Strong potential customer base due to proximity to thriving residential neighborhoods (Belmar, Belmar North, Little River Trails).
    • Significant future growth potential due to nearby 300+ acres owned by a major home builder.
    • Convenient access to a proposed turnpike and high daily traffic count (11,000+ vehicles).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -97.4412591
    Latitude
    35.2580962

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    FAQs

    What type of property is this?
    Farm - Exceptional location, future commercial potential.
    Where is this farm located?
    The property is located at 000 Porter Ave Norman, OK.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: 10-acre commercial development site in Norman, OK, priced at $1,150,000.; Hard corner lot at Porter and Franklin Roads, offering high visibility.; Excellent location across from Hollywood Corners and near Belmar Golf Course.
    Request Owner's contact information
    000 Porter 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
    000 Porter Ave Norman, OK 73071
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