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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Medical Office Space
550 24th SW Ave, Norman, OK 73069-5106
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US69-0768129
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,836 SF
Lot
1.28 ac (55,757 SF)
Zoning code
ZN RM
APN
NC29WILSA 1 1001
UPID
US69-0768129
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
-
My Dentist Dental Office
-
Love Paws Pet Grooming Studio Pet Grooming Service
-
Norman Bowling Center Property Bowling Alley
-
Stubby's Pro Shop (Bike/Boat/Book/etc) Store Bowling Alley
-
Cassia A. Mealor, LPC Counselor Doctor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$967k
Blend (final)
Blend
$700k
Owner & transaction history
Oklahoma Dental Properties LLC · 10 yrs held
Oklahoma Dental Properties LLC
since 2015
6 recorded transactions
Zoning & alternative use
ZN RM · Norman, OK
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,125,000
Change: -17% · Conversion: Difficult
OFFICE BUILDING
$1,095,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10%
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
$102 / 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
$10,133
Tax year 2023
Assessed value
$84,381
Assessed 2023
Previous assessed
$93,031
-9.3% YoY
Effective rate
12.01%
On assessed value
Assessed land
$25,960
Assessed improvement
$58,421
Land market value
$216,341
Improvement market value
$486,842
Total market value
$703,183
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
6,836 SF
Lot
1.28 ac (55,757 SF)
Zoning code
ZN RM
APN
NC29WILSA 1 1001
UPID
US69-0768129
Jurisdiction
CLEVELAND
Zoning & alternative use
ZN RM · Norman, OK
Zoning ZN RM · permitted uses
ZN RM · Norman, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
Oklahoma Dental Properties LLC
Entity
Mailing address
550 24TH AVE SW, NORMAN, OK 73069-5106
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2015
—
Oklahoma Dental Properties LLC
Oklahoma Dental Properties LLC
Quit Claim Deed
related
$815,000 · Midfirst Bk
—
—
Oklahoma Dental Properties LLC
—
Deed Of Trust
related
$971,180 · Stillwater Nat'l Bank & Trust
—
—
Rw & Js LLC
—
Deed Of Trust
related
$200,000 · Stillwater Nat'l Bank & Trust
—
—
Rw & Js LLC
—
Deed Of Trust
related
$971,180 · Stillwater Nat'l Bank & Trust
—
—
James S Wall
—
Loan Modification
related
$5,341 · Republic Bank & Trust
—
—
Oklahoma Dental Properties LLC
—
Deed Of Trust
related
$200,000 · Stillwater Nat'l Bank & Trust
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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