2416 S Teal Street, Stillwater, OK 74074
For Sale
New
$299,500
Built in 2008, the property offers a two-unit residential configuration.
Property Size2,551 SF
Price / SF$117.40
Days on Market6
Property Features for 2416 S Teal Street
General Information
Standard status
Size
Property subtype
Amenities
Electric
Concrete
Traditional
Building Details
Year Built
Listed By:
Heath Bowman
(405) 385-9555
Source:
Evrealestate
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 10 at 8:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Heath Bowman
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Investment Insights
Based on property information with market context.
This 2,551-square-foot duplex was built in 2008 and has concrete and traditional exterior features, with electric listed among its interior features.
The property is located at 2416 S Teal Street in Stillwater, within Payne County.
The property is located at 2416 S Teal Street in Stillwater, within Payne County.
Key Highlights
- 2,551‑square‑foot duplex
- Built in 2008
- Located at 2416 S Teal Street in Stillwater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,636
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,720
$392.7K
Cap Rate 7%
$280,514
$280.5K
Cap Rate 9%
$218,178
$218.2K
Market Conditions
NOI Build-Up for 2,551 SF
Gross rent
$31.2K $12.24/SF
− Vacancy
−$3.2K −$1.24/SF
EGI
$28.1K $11.00/SF
− OpEx
−$8.4K −$3.30/SF
NOI
$19.6K $7.70/SF
Area
Payne County, OK
Vacancy
10.16%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,720
Cap Rate 7%
$280,514
Cap Rate 9%
$218,178
Alternative Uses
Best Use
Multifamily LT 5
$280.5K
$245.5K – $327.3K
NOI $19,636 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$259.9K
$227.4K – $303.2K
NOI $18,192 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$627.3K
$548.9K – $731.9K
NOI $43,912 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
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Business Placement
Demographics for 74074, OK
32,326
Population
14,328
Households
2.3
Avg Household Size
29
Median Age
51%
College-Educated
96%
High-School Grad
127.4 sq mi
ZIP Area
254
Density / Sq Mi
$50,245
Median Household Income
$26,971
Median Earnings
$965
Median Rent
$247,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2008, the property offers a two-unit residential configuration.
Where is this duplex located?
The property is located at 2416 S Teal Street Stillwater, OK.
What is the asking price?
The asking price for this property is $299,500.
What are key features of this property?
This property features: 2,551‑square‑foot duplex; Built in 2008; Located at 2416 S Teal Street in Stillwater
