724 24th NW Ave, Norman, OK 73069-6218
- Medical Office Space
- 11,391 SF
- 1.10 lot acres
Current Use by Public Records
- Allyson E Henson / Physician
- Chelsey Shimanek / Physician
- Hayley N Haralson / Physician
- Claudia Schaff / Physician
- Mrs. Michelle Terry / Physician
Property Details for 724 24th NW Ave
- Year built
- 1995
- Construction
- WOOD FRAME
- Lot size
- 1.10 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- NC29WEPOR 4 14002
- APU
- NC29WEPOR414002
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,250,000
- AI Estimate
- $1,145,000
Market price range: $1.42M - $3.00MMarket price range: $615k - $1.66M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $2,250,000 Current use
- RETAIL STORES
- $2,395,000 Change: +6% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,960,000 Change: -13% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,875,000 Change: -17% Conversion: Difficult
- OFFICE BUILDING
- $1,825,000 Change: -19% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Norman
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.4796
- Latitude
- 35.2278
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
