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    Property profile & analytics
    OFF-MARKET Estimated value $925,000
    Strip malls

    151 12th SE Ave, Norman, OK 73071-4958

    41,491 SF 4.64 ac lot Built 1984
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US69-0284735
    Property summary
    AI-generated overview

    This exceptional 11,978-square-foot retail property is ideally situated in Norman, Cleveland County, Oklahoma, at 151 12th Ave SE, zip code 73071. Currently entirely vacant, this single-tenant space presents a unique opportunity for a variety of businesses. The property is classified as a neighborhood center, offering excellent visibility and accessibility. Its location within the Norman submarket provides strong potential for attracting customers. The surrounding area boasts a diverse range of established businesses, including Goodwill, Harbor Freight Tools, Sherwin Williams, Dickies BBQ, Dancing Crab Restaurant, and Liberty Tax, creating a vibrant commercial environment. A key advantage is the presence of an existing playground on the property, making it particularly suitable for businesses catering to families, such as daycare centers or private/charter schools. The property's size and location make it an attractive investment for businesses seeking a prominent presence in a thriving Norman community. The building's total square footage is 11,978 square feet, all of which is currently available for lease. This presents a blank canvas for a new tenant to customize the space to their specific needs. Contact us today to learn more about this exceptional opportunity.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1984
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 41,491 SF
    Lot 4.64 ac (202,118 SF)
    Zoning code C2
    APN NC29ANAT1 1 1001
    UPID US69-0284735
    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
    • ATM (Bank of Oklahoma) Atm
    • Loveworks Leadership Child Welfare Organization Charitable Organization
    • Harbor Freight Tools Building Supply Hardware & Home Improvement
    • Real Kitchen Restaurant
    • KeyExpress Locksmiths Locksmith (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.01M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $852k
    Blend (final) Blend
    $925k
    Owner & transaction history
    Cho LLC · 2 yrs held
    Cho LLC
    since 2023
    7 recorded transactions
    2023
    2023
    2019
    2018
    2017
    2017
    2007
    Zoning & alternative use
    C2 · Norman, OK
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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