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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Assisted living facilities
600 24th SW Ave Norman, OK 73069-3913
Entity Owned
~
Est. High Equity
Property ID
US69-0388832
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,760 SF
Lot
2.48 ac (108,029 SF)
Zoning code
ZN RM
APN
NC29PRIMR 1 1001
UPID
US69-0388832
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
-
Rehab Care Group Cedar Creek Medical Clinic
-
Martha Torres Physician
-
24th Place Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.09M
Owner & transaction history
600 24th Avenue Sw Ok LLC
600 24th Avenue Sw Ok LLC
since 2026
7 recorded transactions
Zoning & alternative use
ZN RM · Norman, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
zoning ordinance 09 23 2022
Top alternative use upside
Industrial (general)
$1.3M
+38.3%
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
$680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$955,000
Current use
INDUSTRIAL (GENERAL)
$1,320,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±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
$42 / 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
$52,452
Tax year 2023
Assessed value
$436,813
Assessed 2023
Previous assessed
$416,013
+5.0% YoY
Effective rate
12.01%
On assessed value
Assessed land
$119,413
Assessed improvement
$317,400
Land market value
$1,296,336
Improvement market value
$3,445,645
Total market value
$4,741,981
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
89
Bathrooms
27
Total area
25,760 SF
Lot
2.48 ac (108,029 SF)
Zoning code
ZN RM
APN
NC29PRIMR 1 1001
UPID
US69-0388832
Jurisdiction
CLEVELAND
Zoning & alternative use
ZN RM · Norman, OKZoning 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
Source
zoning ordinance 09 23 2022
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$955,000
INDUSTRIAL (GENERAL)
Est. value
$1.3M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
INDUSTRIAL (GENERAL)
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
89
Bathrooms
27
Lot
2.48 ac
Current owner
From public records · entity-resolved
600 24th Avenue Sw Ok LLC
Entity
Mailing address
131 N BROADWAY AVE, ADA, OK 74820-5003
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2026
$10,192,500
600 24th Avenue Sw Ok LLC
Norman Cedar Creek Real Estate LLC
Special Warranty Deed
$42,550,000
Sep 1, 2020
—
Norman Cedar Creek R & E LLC
—
Deed Of Trust
related
$11,250,000 · Chambers Bk
Jun 2, 2020
—
Norman Cedar Crk R & E LLC
—
Deed
related
—
Dec 14, 2017
—
Norman Cedar Crk Real Est LLC
—
Deed
related
$2,250,000 · Bank Of Ok
Mar 30, 2015
$3,500,000
Norman Cedar Creek R & E LLC
No-more Associates LP
Grant Deed
—
—
—
Norman Cedar Crk R & E LLC
—
Loan Modification
related
—
—
—
Norman Cedar Creek R & E LLC
—
Deed Of Trust
related
$3,055,600 · Bank Of Ok
—
—
Norman Cedar Crk Real Est LLC
—
Loan Modification
related
$2,250,000 · Bank Of Ok
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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