1018 24Th AveNorman, OK 73069

Property Details for 1018 24Th Ave

Year built

2008

Construction

STEEL FRAME

Lot size

0.68 AC

Property size (Sq ft)

7,548 SF

Property type

Office buildings

APN

NC29QROPK 2001

APU

NC29QROPK2001

Description

This exceptional 7,855 square foot Class C office building, located at 1018 24th Ave NW, Norman, OK 73069, presents a unique leasing opportunity. Built in 2007 and extensively renovated in 2022, the property sits on a 1.02-acre lot at the intersection of 24th Ave NW and Westport Dr, offering convenient access to major thoroughfares including Robinson Street, Main Street, and I-35. The building is currently vacant, providing flexibility for tenants seeking a variety of space configurations. The entire 7,855 square feet is available, or the space can be divided into smaller suites, with a minimum divisible space of 1,204 square feet and a maximum contiguous space of 4,841 square feet. This allows for customization to suit diverse business needs. The property features a traditional office layout and is situated within a well-established office park, benefiting from a strong tenant mix. The building's recent renovation ensures modern amenities and a high-quality workspace. This prime location and flexible space options make this property an ideal choice for businesses seeking a prominent presence in Norman, Oklahoma. Contact us today to learn more about leasing options and explore the possibilities this exceptional office building offers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,525,160

  6.5%

  $1,407,840

  7%

  $1,307,280

• Comparable approach

  Method

  Valuation

  Relative Method

  $908,175

  Geo Method

  $908,175

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,755,150

  Retail / Commercial

  $1,416,070

  Mixed-Use / Specialty

  $1,413,570

  Hospitality / Lodging

  $1,040,420

  Institutional / Educational

  $1,470,460

  Residential Income

  $1,720,440

  Multifamily

  $2,049,240

  Automotive / Energy

  $1,260,390

  Parking / Income-Based Land

  $432,423

  Restaurant / Food Service

  $740,662

  Healthcare / Senior Housing

  $1,446,970

Location Insight

City

Norman

County

Cleveland

State

Oklahoma

Latitude

35.2313

Longitude

-97.4818

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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