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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
Price N/A
2023
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
2017
Price N/A
2007
Price N/A
Zoning & alternative use
C2 · Norman, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source zoning ordinance 09 23 2022
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