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Financial
Distress signals
Property profile

480 24Th Ave NW Norman, OK 73069

FOR LEASE
Retail space
Property ID
US69-0348967
22,344 SF 4.7 ac lot Built 2010
Last sale Apr 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Suite 110 in Madison Square is configured as approximately 1,000 square feet of retail space, featuring an open customer-facing sales area and a bar-top section intended for seating or service interaction. The premises include one restroom and a rear area with existing plumbing suitable for supporting a kitchen setup. The space has previously been operated as a smoothie bar and is located within a commercial center in NW Norman, with accessibility and visibility serving as established characteristics of the site layout and tenant frontage.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$56k
Tax billed · 2023
Assessed value$468k
Assessed land$111k
Assessed improvement$357k
Effective rate12.01%

Value estimate

· Oct 2026
$825k
$743k – $908k
CAP approach$3.43M
Submarket $/SF estimate$2.91M
NOI build-up
Gross scheduled income$61k
Vacancy & credit loss−$16k
Operating expenses−$11k
NOI · 187,055.56% cap applied$34k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$210/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$82 – $373

Cap rate analysis

How does the asset earn?
187,055.56%
$34k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCLEVELAND

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply25.4
Wholesale Shop23.2
Kitchen & Bath17.9

Location

480 24Th Ave NW Norman, OK 73069
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1013 Flood, Norman, OK 73069-7643 $360,000 Oct 2024 13,953 SF
2107 Main, Norman, OK 73069-6459 $2,000,000 Apr 2024 10,252 SF
1544 24th NW, Norman, OK 73069-6338 $2,250,000 Dec 2023 8,000 SF
425 Main, Norman, OK 73069-1314 $1,650,000 Mar 2023 17,646 SF
825 Interstate, Norman, OK 73069-6350 $9,137,500 Jun 2022 43,715 SF
615 Main, Norman, OK 73069-7062 $8,000,000 May 2022 14,987 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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