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Financial
Distress signals
Property profile

708 24Th Ave NW Norman, OK 73069

FOR SALE
Office buildings
Property ID
US69-0444435
7,562 SF 0.55 ac lot Built 1985
Last sale Sep 2025 · $1,370,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Commercial property located in Norman, Oklahoma, zoned M1, with building construction completed in 1985 and full renovations completed in 2005. The 8,113-square-foot building includes an OTIS elevator (2,100 lb capacity) designed to accommodate up to 12 persons, with a steel stairway positioned near the elevator at the center of the building. The structure rests on a poured reinforced concrete foundation with reinforced concrete footings and a steel frame. Exterior finishes include brick and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$24k
Tax billed · 2023
Assessed value$198k
Assessed land$28k
Assessed improvement$170k
Effective rate12.01%

Value estimate

· Oct 2026
$365k
$329k – $402k
CAP approach$1.05M
Submarket $/SF estimate$1.57M
NOI build-up
Gross scheduled income$422k
Vacancy & credit loss−$39k
Operating expenses−$153k
NOI · 7.09% cap applied$230k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$160/SF
ZIP average, outlier-cleaned · 48 recorded sales of this use type
Observed band · Q1–Q3$114 – $208

Cap rate analysis

How does the asset earn?
7.09%
$230k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
JurisdictionCLEVELAND

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop22.9
Building Supply21.2
Kitchen & Bath17.3

Location

708 24Th Ave NW Norman, OK 73069
County assessor Recorded deeds · 13 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1020 24th NW, Norman, OK 73069-6341 $2,100,000 May 2025 11,765 SF
2402 Westport, Norman, OK 73069-6336 $1,828,000 Oct 2024 10,936 SF
1923 Atchison, Norman, OK 73069-8365 $530,000 Jul 2024 5,100 SF
2900 Washington, Norman, OK 73069-1014 $3,200,000 Feb 2024 8,572 SF
1016 24th NW, Norman, OK 73069-6487 $1,450,000 Mar 2023 8,467 SF
300 Main, Norman, OK 73069-1311 $559,500 Mar 2023 6,492 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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