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Financial
Distress signals
Property profile

808 24Th Ave NW Norman, OK 73069

FOR LEASE
Medical Office Space
Property ID
US69-0645885
7,955 SF 0.55 ac lot Built 1985
Last sale Mar 2007
Trust Owned Owner of record is a trust. 19-yr Hold Held for 19 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional Norman, Oklahoma office property at 808 24th Avenue NW offers a variety of flexible spaces ideal for businesses seeking a Class B office environment. The 7,955 square foot building, constructed in 1985, is currently multi-tenant and features three available suites ranging from 600 to 2,100 contiguous square feet. A total of 3,700 square feet is currently vacant, providing ample opportunity for expansion or relocation. The property is conveniently located in Cleveland County,…

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?
$11k
Tax billed · 2023
Assessed value$94k
Assessed land$27k
Assessed improvement$67k
Effective rate12.01%

Value estimate

· Oct 2026
$810k
$729k – $891k
Submarket $/SF estimate$1.08M
NOI build-up
Gross scheduled income$32k
Vacancy & credit loss−$8k
Operating expenses−$6k
NOI · 98,944.44% cap applied$18k

Realmo valuation models over county records and 3 qualifying comparable sales.

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
Qualifying comparables3

Cap rate analysis

How does the asset earn?
98,944.44%
$18k 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: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service14.0
Kitchen & Bath12.0
Barber Shop11.7

Location

808 24Th Ave NW Norman, OK 73069
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales 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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