Technical
Financial
Distress signals
Property profile

1019 24th NW Ave Norman, OK 73069

OFF-MARKET
Office buildings
Property ID
US69-0747390
510 SF 0.04 ac lot Built 1996
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 7,464-square-foot freestanding retail building presents a unique investment opportunity in Norman, Oklahoma. The property boasts a highly desirable single-tenant occupancy, offering immediate potential for lease income. Situated on one acre of land, the building provides ample space and visibility. Its strategic location offers quick access to West Lindsey Street and Interstate-35, providing convenient access for customers and employees. This prime location is only 1.8 miles west of the University of Oklahoma, a major draw with nearly 33,000 students. The property benefits from its proximity to established businesses such as Braum's Ice Cream & Dairy Store and OnCue, ensuring high foot traffic and brand recognition. Further enhancing its appeal, the property is situated near the recently approved $1 billion entertainment district and arena planned for OU sports and activities, promising significant future growth and increased customer traffic. The entire building is currently vacant, presenting a blank canvas for a discerning tenant or investor to customize and develop. This is a rare opportunity to secure a prominent retail space in a rapidly expanding area with exceptional access and visibility. The property's size, location, and proximity to the university and planned entertainment district make it an ideal investment for long-term growth and profitability.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1996
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 510 SF
Lot 0.04 ac (1,742 SF)
APN NC29WEPOR 51019001
UPID US69-0747390

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Daycare Center Foster Care Service

Location

1019 24th NW Ave Norman, OK 73069-6365
Norman metro Census 200900 OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$90k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$120k

Owner & transaction history

since 2023
Last sale
$90,000
3 recorded transactions
2023
Price N/A
2016
$90,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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