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    1400 24Th Ave Norman, OK 73072

    For Lease
    Contact for pricing

    High-traffic shopping center; spaces available.

    Lot size:
    566,747 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    University Town Center offers prime retail space for lease. This Class B shopping center boasts a total of 566,747 square feet and features multiple tenancies. Currently, four spaces are available, ranging from 2,100 to 6,978 square feet, providing flexibility for various retail businesses. Located near Robinson, the property is zoned C-3. The center enjoys exceptional foot traffic, ranking #17 out of 7,428 community shopping centers with approximately 10 million annual visits. This impressive figure is further amplified by the fact that 48% of shoppers reside more than 10 miles away, generating approximately 5 million visits from outside the immediate area. Considering Norman's population of 125,000, the center's annual visits outnumber city residents by a factor of 40. This high volume of traffic presents a unique opportunity for businesses seeking significant exposure and customer reach within a thriving retail environment. The property's strategic location and high visitor count make it an ideal investment for retailers seeking substantial growth potential.

    Property Features for 1400 24Th Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    566,747 SF
    Class
    B

    Unit(s) available at that property

    Space
    2B Suite 8
    Size
    4,500 SF
    Space
    1B Suite 14A
    Size
    5,464 SF
    Space
    6 Suite 2
    Size
    2,100 SF
    Space
    1B Suite 27
    Size
    6,978 SF

    HighLights

    • 566,747 square foot Class B retail shopping center.
    • Multiple tenancy with four spaces available, ranging from 2,100 to 6,978 square feet.
    • Located near Robinson Street and zoned C‑3.
    • High‑traffic location, ranking #17 out of 7,428 community shopping centers with approximately 10 million annual visits.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm CVS Pharmacy Pharmacy Target Grocery Grocery Store Pizza Hut Express Pizza Restaurant Target Mobile Cell Phone Store

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.5138947
    Latitude
    35.2340635

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic shopping center; spaces available.
    Where is this lifestyle center located?
    The property is located at 1400 24Th Ave Norman, OK.
    What are key features of this property?
    This property features: 566,747 square foot Class B retail shopping center.; Multiple tenancy with four spaces available, ranging from 2,100 to 6,978 square feet.; Located near Robinson Street and zoned C-3.
    Request Owner's contact information
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    Norman, OK 73072
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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
    1400 24Th Ave Norman, OK 73072
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