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    Property profile & analytics

    1024 N Flood Ave Norman, OK 73072

    • Strip malls
    • 31,088 SF
    • 1.68 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimation
    $640,000
    Location Intelligence
    Property ID
    US69-0713894
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Simple Elegance Salon / Beauty Salon

    Property Details for 1024 N Flood Ave

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.68 lot acres
    Property size
    31,088 SF
    Zone code
    C2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    NC29WODW1 8 001
    APU
    NC29WODW18001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $640,000

    • CAP approach

      CAP return
      Estimation
      6%
      $820,000
      6.5%
      $865,000
      7%
      $845,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $675,000
      Geo Method
      $795,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $570,000
      Retail
      $630,000
      Mixed-Use
      $765,000
      Hospitality
      $640,000
      Educational
      $765,000
      Residential Income
      $725,000
      Energy
      $615,000
      Income-Based Land
      $705,000
      Food Service
      $780,000

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.4537
    Latitude
    35.2281
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,847
    $30,867
    $67,798
    $98,665
    -
    $257,228
    $564,984
    $822,212

    Comparable in this City

    • Value Estimation by Request
      8,680 SF

      1004 24th NW Ave

      SHOPPING CENTER, STRIP CENTER • 8,680 SF
      1004 24th NW Ave, Norman, OK 73069-6345
      View Details
    • Value Estimation by Request
      10,500 SF

      108 24th SW Ave

      SHOPPING CENTER, STRIP CENTER • 10,500 SF
      108 24th SW Ave, Norman, OK 73069-5102
      View Details
    • Value Estimation by Request
      16,444 SF

      500 Main St

      SHOPPING CENTER, STRIP CENTER • 16,444 SF
      500 Main St, Norman, OK 73069-7087
      View Details
    • Value Estimation by Request
      3.25 Acres

      1351 24th NW Ave

      SHOPPING CENTER, STRIP CENTER • 3.25 Acres
      1351 24th NW Ave, Norman, OK 73069-6495
      View Details
    • Value Estimation
      $4,415,000
      1.67 Acres

      2073 24th NW Ave

      SHOPPING CENTER, STRIP CENTER • 1.67 Acres
      2073 24th NW Ave, Norman, OK 73069-6719
      View Details
    • Value Estimation
      $4,145,000
      12,816 SF

      2400 Tecumseh Rd

      SHOPPING CENTER, STRIP CENTER • 12,816 SF
      2400 Tecumseh Rd, Norman, OK 73069
      View Details

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    Similar Nearby for Lease

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      Retail space with excellent visibility and easy access.
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      Retail space available in Norman's highest-traffic shopping center.
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      View Details
    • $25 SF/Yr
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      2,000 SF Retail Space Available

      Second-generation retail space in prime location near Norman Healthplex.
      3600 W Tecumseh Rd, Norman, OK 73069
      View Details
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    1024 N Flood Ave
    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
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