Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1822 N Perkins Rd Stillwater, OK 74075

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land available for sale in Stillwater, Oklahoma.

    We can help!

    Listing Contact
    Ben Roelke
    Source: Nmrk

    Listing Agent: Ben Roelke

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Land for Sale

    The property is a plot of land located at 1822 N Perkins Rd in Stillwater, Oklahoma. It is classified as land and other land.
    Location Intelligence

    Current Use by Public Records

    Apex on Perkins Student Housing Center

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stillwater
    County
    Payne
    State
    Oklahoma
    Longitude
    -97.0554236
    Latitude
    36.1431258

    Nearby Similar for Sale

    • $199,000
      4,140 SF

      Stillwater Commercial Property on Main

      Versatile commercial property with office space and rental income potential.
      2012 S Main St, Stillwater, OK 74074
      View Details
    • $2,500,000
      12,151 SF

      Hall of Fame Restaurant Building

      Turn-key restaurant/retail building near Boone Pickens Stadium.
      223 E Hall Of Fame Ave, Stillwater, OK 74075
      View Details
    • $1,600,000

      Second Generation QSR For Sale

      Second generation QSR available for purchase.
      202 W Hall Of Fame Ave, Stillwater, OK 74075
      View Details
    • $6,250,000

      Renovated Student Housing Portfolio

      62-unit student housing near Oklahoma State University. Fully leased.
      1516 N Monroe St, Stillwater, OK 74075
      View Details
    • $2,900,000

      Multifamily Investment in Stillwater

      Well-maintained 32-unit multifamily property in a desirable Stillwater location.
      808 N Monroe St, Stillwater, OK 74075
      View Details
    • $229,500
      4,140 SF

      Stillwater Office Complex - Investment Opportunity

      Two buildings, 4140 sq ft, high visibility.
      2012 Main St, Stillwater, OK 74074
      View Details
    • $419,900
      2,048 SF

      High-Traffic Stillwater Commercial Space

      Prime Location, Updated, High Visibility
      801 Perkins Rd, Stillwater, OK 74074
      View Details
    • $2,895,000
      18,651 SF

      Stillwater Office/Manufacturing Opportunity

      Office/manufacturing property on 5.88 acres with high visibility.
      4815 S Perkins Rd, Stillwater, OK 74075
      View Details
    • Contact for pricing
      4,451 SF

      Stillwater Industrial/Flex Space Available

      4,451 SF industrial/flex space in Stillwater, Oklahoma for sale.
      7320 E 6Th Ave, Stillwater, OK 74074
      View Details
    • Contact for pricing
      6,200 SF

      Industrial Warehouse with Fenced Yard

      6,200 SF warehouse on 1.72 AC with fenced yard.
      3514 Park Cir N, Stillwater, OK 74075
      View Details
    • $800,000
      22,504 SF

      High-Yield Stillwater Multifamily Portfolio

      14-Unit Complex Near OSU, Strong ROI
      1824 Perkins Rd, Stillwater, OK 74074
      View Details
    • $599,000
      816 SF

      Stillwater Commercial Corner Lot

      Prime Location, High Traffic Area
      424 Husband St, Stillwater, OK 74074
      View Details

    FAQs

    What type of property is this?
    Land - Land available for sale in Stillwater, Oklahoma.
    Where is this land located?
    The property is located at 1822 N Perkins Rd Stillwater, OK.
    What are key features of this property?
    This property features: - Land available for sale; - Located in Stillwater, Oklahoma
    (214) 870-6138
    Request Owner's contact information
    1822 N Perkins Rd Stillwater, OK 74075
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1822 N Perkins Rd
    Stillwater, OK 74075
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1822 N Perkins Rd Stillwater, OK 74075
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ben Roelke
    (214) 870-6138
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!