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Property profile & analytics
OFF-MARKET Estimated value $1,700,000
Medical Office Space

724 24th NW Ave Norman, OK 73069-6218

11,391 SF 1.1 ac lot Built 1995
Entity Owned Free & Clear
Property ID
US69-0360758
Property summary
AI-generated overview

This exceptional 21,550-square-foot Class B medical office building, constructed in 1996 and renovated in 2019, is situated on a 1.1-acre lot in Norman, Oklahoma's Westport Professional Park. Conveniently located just off 24th Avenue NW, four blocks south of Robinson Street, this high-traffic area boasts impressive vehicle counts: 20,200 VPD on 24th Avenue NW, 23,800 VPD on Robinson Street, and 110,000 VPD on I-35. The building features 76 parking spaces and is zoned M-1 (Restricted Industrial). The first floor houses a physical therapy center complete with a large gym, reception area, offices, treatment rooms, a whirlpool room, indoor therapy pool, and associated locker rooms and support spaces. The second floor comprises two large medical office suites. Suite 200 includes a waiting room, reception area, private offices, exam rooms, x-ray room, and support spaces. Suite 220 offers similar amenities, including a conference room. Building common areas include central corridors, stairwells, elevators, and restrooms on both floors. The entire building is equipped with an automatic fire sprinkler system. Landscaped grounds and an inground sprinkler system enhance the property's curb appeal. Concrete sidewalks surround the building. This property presents a significant investment opportunity in a prime medical location.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1995
Construction WOOD FRAME
Total area 11,391 SF
Lot 1.1 ac (47,916 SF)
APN NC29WEPOR 4 14002
UPID US69-0360758
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
  • Allyson E Henson Physician
  • Chelsey Shimanek Physician
  • Hayley N Haralson Physician
  • Claudia Schaff Physician
  • Mrs. Michelle Terry Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.25M
Blend (final) Blend
$1.70M
Owner & transaction history
NORMAN REGIONAL HOSPITAL AUTH
NORMAN REGIONAL HOSPITAL AUTH
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $2.4M +6.4%
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