Financial
Distress signals
Property profile

708 24Th Ave NW Norman, OK 73069

FOR SALE
Office buildings
Property ID
US69-0444435
7,562 SF 0.55 ac lot Built 1985
Last sale Sep 2025 · $1,370,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Commercial property located in Norman, Oklahoma, zoned M1, with building construction completed in 1985 and full renovations completed in 2005. The 8,113-square-foot building includes an OTIS elevator (2,100 lb capacity) designed to accommodate up to 12 persons, with a steel stairway positioned near the elevator at the center of the building. The structure rests on a poured reinforced concrete foundation with reinforced concrete footings and a steel frame. Exterior finishes include brick and

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$24k
Tax billed · 2023
Assessed value$198k
Assessed land$28k
Assessed improvement$170k
Effective rate12.01%

Value estimate

· Sep 2026
$365k
$329k – $402k
CAP approach$1.05M
Sales comparison$1.57M
NOI build-up
Gross scheduled income$422k
Vacancy & credit loss−$39k
Operating expenses−$153k
NOI · 7.09% cap applied$230k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$160/SF
ZIP average, outlier-cleaned · 48 recorded sales of this use type
Observed band · Q1–Q3$114 – $208

Cap rate analysis

How does the asset earn?
7.09%
$230k 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 Shop22.9
Building Supply21.2
Kitchen & Bath17.3

Location

708 24Th Ave NW Norman, OK 73069
County assessor Recorded deeds · 13 transfers 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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?”
More about this property
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