708 24Th AveNorman, OK 73069

Property Details for 708 24Th Ave

Year built

1985

Construction

STEEL FRAME

Lot size

0.55 AC

Property size (Sq ft)

7,562 SF

Zone code

C2

Property type

Office buildings

APN

NC29WEPOR 4 16001

APU

NC29WEPOR416001

Description

This 7,562 square foot Class B office building, located at 708 24th Ave NW in Norman, Oklahoma, offers multiple executive office suites for lease. Built in 1985 and renovated in 2003, the property sits on a 0.55-acre lot and is zoned C2. Currently, 5,291 square feet of space is available, with suites ranging from a minimum of 1,624 square feet to a maximum contiguous space of 2,000 square feet. The building's location in the Oklahoma City submarket provides convenient access to I-35 and nearby amenities. This property is ideal for a variety of professional or medical office uses, offering ample parking and functional floor plans. The property is situated in Cleveland County, Oklahoma, with a Norman city address and 73069 zip code. This is an exceptional opportunity to establish a thriving business presence in a desirable Norman location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,348,222

  6.5%

  $1,244,513

  7%

  $1,155,619

• Comparable approach

  Method

  Valuation

  Relative Method

  $909,860

  Geo Method

  $909,860

• Alternative Use

  Use

  Valuation

  Residential

  $1,543,196

  Hospitality

  $1,413,559

  Educational

  $1,176,065

  Medical

  $1,216,511

  Retail

  $1,829,434

Location Insight

City

Norman

County

Cleveland

State

Oklahoma

Latitude

35.2275

Longitude

-97.4791

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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