0 24Th Ave Norman, OK 73071
This exceptional 7.74-acre commercial land parcel presents a unique investment opportunity in Norman, Oklahoma. Located at the intersection of E. Imhoff and 24th Avenue SE, this property boasts a desirable C-2 General Commercial zoning designation, allowing for a wide range of development possibilities. The land itself offers a level terrain, simplifying construction and site preparation. Priced at $1,348,618, or $4.18 per square foot, this represents a compelling value given its strategic location and size. The site enjoys convenient access to Highway 9 East and Classen Boulevard, providing excellent visibility and connectivity. Furthermore, it's situated just one mile from E. Lindsey Street, a major thoroughfare. The surrounding area is characterized by established businesses and institutions, including Hitachi, Reagan Elementary School, a mini-storage facility, a US Postal Training Center, and a Marriott Hotel, indicating a strong and diverse commercial environment. Note that the net area, exclusive of a 50-foot right-of-way, is 6.653 acres. This property is ideal for developers seeking a prime location for a variety of commercial ventures in a thriving Oklahoma community. The 73071 zip code further underscores the property's location within a well-established and accessible area of Norman.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.