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    12Th Ave Norman, OK 73071

    Sponsored
    For Sale
    $400,000

    Prime Norman location, 1.84 acres, $400,000.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.84-acre commercial land parcel presents a compelling investment opportunity in Norman, Oklahoma. Located at the intersection of Alameda Street and 12th Avenue, this property boasts an advantageous position within a thriving commercial area. The asking price is $400,000, translating to a land value of $5 per square foot. The site is ideally suited for a variety of commercial uses, including office, medical, or service retail establishments. Its strategic location benefits from excellent demographics and proximity to numerous existing restaurants and retail service tenants, ensuring high visibility and accessibility. Utilities are already established on-site, simplifying development and reducing upfront costs. The property's southeast location, situated on Triad Village Drive, places it within a vibrant business community. Furthermore, its convenient proximity to Highway 9 (within two miles) provides easy access to major transportation routes, enhancing its overall appeal and potential for significant return on investment. This is a rare opportunity to acquire a well-positioned commercial land parcel in a rapidly growing market. The established infrastructure and prime location make this an exceptional investment prospect.

    Property Features for 0 12Th Ave

    General Information

    Property type
    Land
    Lot Size
    80,150 SF

    HighLights

    • 1.84‑acre commercial lot in Norman, OK, priced at $400,000 ($5/SF).
    • Excellent demographics and location for office, medical, or retail uses.
    • High visibility due to proximity to numerous restaurants and retail businesses.
    • Utilities already in place.
    • Located on Triad Village Drive, southeast of Alameda and 12th Avenue, within two miles of Highway 9.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.423678
    Latitude
    35.2183742

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    FAQs

    What type of property is this?
    Land - Prime Norman location, 1.84 acres, $400,000.
    Where is this land located?
    The property is located at 12Th Ave Norman, OK.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 1.84-acre commercial lot in Norman, OK, priced at $400,000 ($5/SF).; Excellent demographics and location for office, medical, or retail uses.; High visibility due to proximity to numerous restaurants and retail businesses.
    Request Owner's contact information
    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
    12Th Ave Norman, OK 73071
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