1020 NW 24th Ave NW
11,765 SF 100% Leased Office Building Norman, OK 73069 $2,600,000 ($221/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Easy Access to I-35
EXECUTIVE SUMMARY
$188,098.29 Actual NOI. 7.25% Actual Cap Rate. Projected NOI October 2025: $224,143.13. Projected Cap Rate October 2025: 8.64%. 15% Rent Increase in October 2025. Single Tenant: VA Clinic. Zoned: C-1. Built in 2000 & Renovated in 2018. Parking Ratio: 3.4/1,000 SF.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
11,765 SF
Building Class
B
Year Built/Renovated
2000/2018
Price
$2,600,000
Price Per SF
$221
Cap Rate
7.25%
NOI
$188,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,765 SF
Building FAR
0.32
Lot Size
0.85 AC
Zoning
C-1
Parking
40 Spaces (3.4 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Geoff Potts, Dds
- Health Care and Social Assistance
- -
- -
- -
- Potts Geoff
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Geoff Potts, Dds | Health Care and Social Assistance | - | - | - | ||
| Potts Geoff | Retailer | - | - | - |
1 of 1
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | R0095754 | Improvements Assessment | $156,993 |
| Land Assessment | $30,532 | Total Assessment | $187,525 |
