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Property profile & analytics
FOR SALE
Commercial land
1200 24Th Ave Southwest Norman, OK 73072
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US69-1346923
For Sale
$6,838,920
1200 24Th Ave Southwest, Norman, OK 73072
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
63,841 SF
Lot
4.78 ac (208,217 SF)
APN
NC29SONLS 1 1001
UPID
US69-1346923
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mathis Sleep Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.87M
Blend (final)
Blend
$5.74M
Owner & transaction history
I 35 And Lindsey LLC · 2 yrs held
I 35 And Lindsey LLC
since 2024
Last sale
$5.7M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norman submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,740,000
ML approach
$5,740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.74M
Range $5.17M – $6.31M · ±10% · vs last sale $5.74M (Mar 20 2024)
Last sale anchor
$5.74M
Mar 20 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$90 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$42,005
Tax year 2023
Assessed value
$349,804
Assessed 2023
Previous assessed
$349,804
+0.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$349,804
Land market value
$2,915,035
Total market value
$2,915,035
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
YES
Stories
2
Rooms
146
Total area
63,841 SF
Lot
4.78 ac (208,217 SF)
APN
NC29SONLS 1 1001
UPID
US69-1346923
Jurisdiction
CLEVELAND
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Rooms
146
Lot
4.78 ac
Current owner
From public records · entity-resolved
I 35 And Lindsey LLC
Entity
Mailing address
2221 W LINDSEY ST STE #201, NORMAN, OK 73069-4066
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2024
$5,740,000
I 35 And Lindsey LLC
78 Robinson LLC
Warranty Deed
$4,592,000 · Regent Bank
Dec 21, 2020
$3,795
78 Robinson LLC
Mcclain Bank
Warranty Deed
—
Jun 19, 2020
—
Mcclain Bk
Sooner Legends LLC
Deed In Lieu Of Foreclosure
related
—
Apr 25, 2017
—
Sooner Legends LLC
—
Deed
related
$500,000 · Mcclain Bk
—
—
Sooner Legends LLC
—
Deed Of Trust
related
$500,000 · Mcclain Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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