151 12Th AveNorman, OK 73071

Property Details for 151 12Th Ave

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.64 AC

Property size (Sq ft)

41,491 SF

Zone code

C2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

NC29ANAT1 1 1001

APU

NC29ANAT111001

Description

This exceptional 11,978-square-foot retail property is ideally situated in Norman, Cleveland County, Oklahoma, at 151 12th Ave SE, zip code 73071. Currently entirely vacant, this single-tenant space presents a unique opportunity for a variety of businesses. The property is classified as a neighborhood center, offering excellent visibility and accessibility. Its location within the Norman submarket provides strong potential for attracting customers. The surrounding area boasts a diverse range of established businesses, including Goodwill, Harbor Freight Tools, Sherwin Williams, Dickies BBQ, Dancing Crab Restaurant, and Liberty Tax, creating a vibrant commercial environment. A key advantage is the presence of an existing playground on the property, making it particularly suitable for businesses catering to families, such as daycare centers or private/charter schools. The property's size and location make it an attractive investment for businesses seeking a prominent presence in a thriving Norman community. The building's total square footage is 11,978 square feet, all of which is currently available for lease. This presents a blank canvas for a new tenant to customize the space to their specific needs. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $10,874,168

  6.5%

  $10,037,693

  7%

  $9,320,715

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,580,337

  Geo Method

  $12,580,337

• Alternative Use

  Use

  Valuation

  Residential

  $8,467,170

  Hospitality

  $7,755,882

  Educational

  $6,452,803

  Medical

  $6,674,724

  Retail

  $10,037,693

Location Insight

City

Norman

County

Cleveland

State

Oklahoma

Latitude

35.2172

Longitude

-97.4225

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].