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    Property profile & analytics

    191 12th NE Ave Norman, OK 73071-5236

    • Turn key restaurants
    • 4,359 SF
    • 0.94 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US69-0665653
    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

    • Burger King / Restaurant / Fast Food Restaurant

    Property Details for 191 12th NE Ave

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.94 lot acres
    Property size
    4,359 SF
    Property type
    Turn key restaurants
    APN
    NC29LAKT5 1 1001
    APU
    NC29LAKT511001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.4229
    Latitude
    35.2197
    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
    $11,623
    $38,681
    $58,115
    $96,796
    -
    $412,172
    $619,244
    $1,031,416

    Comparable in this City

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      $755,000
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      3020 Classen Blvd

      RESTAURANT • 2,044 SF
      3020 Classen Blvd, Norman, OK 73071-4055
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      $790,000
      2,864 SF

      1201 Lindsey St

      RESTAURANT • 2,864 SF
      1201 Lindsey St, Norman, OK 73071-2518
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    • Value Estimation
      $290,000
      2,644 SF

      1101 12th NE Ave

      RESTAURANT • 2,644 SF
      1101 12th NE Ave, Norman, OK 73071-5329
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    • Value Estimation
      $225,000
      1,750 SF

      311 12th SE Ave

      RESTAURANT • 1,750 SF
      311 12th SE Ave, Norman, OK 73071-4923
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    • Value Estimation
      $620,000
      3,389 SF

      160 12th SE Ave

      RESTAURANT • 3,389 SF
      160 12th SE Ave, Norman, OK 73071-4908
      View Details

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      Highway Frontage Commercial Land Available

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    Similar Nearby for Lease

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      Norman Retail Space For Rent

      Retail space available in Norman's strong retail corridor.
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      Retail space available in a Walmart shadow center.
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      Retail space available in a Walmart shadow center.
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    • $18 SF/Yr
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      Norman Retail Center - High Traffic Area

      Prime Retail Space, Walmart Proximity, Excellent Visibility
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      Classen Blvd Retail Strip Center

      Prime Norman Retail Space Available
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      Retail Space in Community Center

      Retail space available in a high-traffic community shopping center.
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    Property Visit Statistics

    • Visits by month
      16.4k
    • Visitors by month
      10.1k
    • Avg Time on site
      11 min
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    191 12th NE Ave
    Norman, OK 73071-5236
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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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