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Financial
Distress signals
Property profile

707 24Th Ave SW Norman, OK 73069

FOR SALE
Medical Office Space
Property ID
US69-0654020
12,668 SF 0.22 ac lot Built 1980
Last sale Aug 2008 · $1,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial space comprising 1,575 square feet of shell space. It is located at the corner of Westpark and 24th Avenue SW, just south of W. Main Street in Norman, Oklahoma.

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?
$16k
Tax billed · 2023
Assessed value$137k
Assessed land$8k
Assessed improvement$129k
Effective rate12.01%

Value estimate

· Oct 2026
$1.19M
$1.07M – $1.30M
Submarket $/SF estimate$1.58M
NOI build-up
Gross scheduled income$208k
Vacancy & credit loss−$54k
Operating expenses−$39k
NOI · 8.90% cap applied$116k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$198/SF
County average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$125 – $263

Cap rate analysis

How does the asset earn?
8.90%
$116k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
C2
JurisdictionCLEVELAND

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop12.4
Kitchen & Bath12.2
Convenience Store10.6

Location

707 24Th Ave SW Norman, OK 73069
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

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 · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2453 Wilcox, Norman, OK 73069-3956 $500,000 Sep 2024 3,152 SF
705 Wall, Norman, OK 73069-6360 $950,000 Jul 2023 3,576 SF
410 24th SW, Norman, OK 73069-5110 $512,500 May 2021 2,358 SF
808 Wall, Norman, OK 73069-6302 $1,100,000 Dec 2020 8,018 SF
800 24th NW, Norman, OK 73069-6314 $670,000 Apr 2020 3,461 SF
801 24th NW, Norman, OK 73069-6313 $535,000 Jan 2020 2,836 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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