1019 24th NW Ave Norman, OK 73069-6365
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.