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707 24th Ave SW 13,636 SF 88% Leased Office Building Norman, OK 73069 $1,600,000 ($117.34/SF) 9.20% Cap Rate
Investment Highlights
- Recently renovated two-story office building with updated common areas.
- 71 surface parking spaces for tenants and visitors.
- Excellent access to Interstate 35, Main Street, and the University of Oklahoma.
- Positioned in a growing Norman business area adjacent to retail and service amenities.
Executive Summary
This two-story office property presents an opportunity for owner-users or investors seeking a well-located asset in Norman, Oklahoma. The building encompasses 13,636 square feet and is offered at $1,600,000. Its location at the corner of Westpark and 24th Avenue SW provides direct connectivity to Main Street and Interstate 35, offering easy access to key regional thoroughfares. Just minutes from the University of Oklahoma, the property is well-positioned to serve a dynamic mix of professional services or medical uses. The site includes a full parking lot with 40 spaces, signage opportunities, and directory access. Recent common-area updates and elevator service make this property a versatile option for a range of office users. Income is based on projected income for the vacant space. Please call the Broker for more details.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
13,636 SF
Building Class
B
Year Built
1980
Price
$1,600,000
Price Per SF
$117.34
Cap Rate
9.20%
NOI
$147,200
Percent Leased
88%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,818 SF
Slab To Slab
10’
Building FAR
0.68
Lot Size
0.46 AC
Zoning
Commercial - Commercial
Parking
40 Spaces (2.93 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Courtyard
- Wheelchair Accessible
- Central Heating
- Natural Light
- Monument Signage
- Outdoor Seating
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Imagine your new office here! Ready for design and build out. Office space available to build out to the client's needs. Very quiet professional building with an abundance of parking. Easy access to everywhere: I-35, Main Street, Campus Corner.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 202 | 1,575 SF | Office | Shell Space | Now |
2nd Fl-Ste 202
| Size |
| 1,575 SF |
| Space Use |
| Office |
| Build-Out |
| Shell Space |
| Available |
| Now |
2nd Fl-Ste 202
| Size | 1,575 SF |
| Space Use | Office |
| Build-Out | Shell Space |
| Available | Now |
Imagine your new office here! Ready for design and build out. Office space available to build out to the client's needs. Very quiet professional building with an abundance of parking. Easy access to everywhere: I-35, Main Street, Campus Corner.
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
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707 24th Ave SW
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