724 24th NW Ave Norman, OK 73069-6218
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.
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Allyson E Henson Physician
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Chelsey Shimanek Physician
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Hayley N Haralson Physician
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Claudia Schaff Physician
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Mrs. Michelle Terry Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.