Two-Family Residential Income
For Sale
$347,500
4807-4809 N Britton Drive, Stillwater, OK 74075
1998 construction with central air, forced-air heating, and a full appliance package.
Property Size3,131 SF
Price / SF$110.99
Days on Market47
Property Features for 4807-4809 N Britton Drive
General Information
Standard status
Active
Size
3,131 SF
Property subtype
Residential Income
Zoning
Two Family Stw
Taxes and HOA fees
Annual Taxes
$3,423
Amenities
Central Air
Forced Air
Dishwasher, Disposal, Range, Refrigerator
Attached
Building Details
Building Size
3,131 SF
Year Built
1998
Listing Agency:
(405) 747-6042
Listed By:
Oscar Fortune · License #142390
(405) 747-6042
Source:
Evrealestate
Added: Jul 16
Changed: Aug 30
Last Checked: Aug 31 at 3:38PM
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 Oscar Fortune
Investment Insights
Based on property information with market context.
This residential income property in Stillwater, Oklahoma, was built in 1998 and is designated Two Family Stw zoning. Interior features include central air, forced-air heating, a dishwasher, disposal, range, and refrigerator. The property has a 3,131 property size as identified in the listing data.
Access is provided from Perkins Road through Park View Estates, with the property address on N Britton Drive. The source information also identifies an attached exterior feature.
Access is provided from Perkins Road through Park View Estates, with the property address on N Britton Drive. The source information also identifies an attached exterior feature.
Key Highlights
- Two Family Stw zoning designation
- Built in 1998
- 3,131 property size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,329
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$446,580
$446.6K
Cap Rate 7%
$318,986
$319.0K
Cap Rate 9%
$248,100
$248.1K
Market Conditions
NOI Build-Up for 3,131 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$45.5K $14.52/SF
− Vacancy
−$4.9K −$1.55/SF
EGI
$40.6K $12.97/SF
− OpEx
−$18.3K −$5.83/SF
NOI
$22.3K $7.13/SF
Area
Payne County, OK
Vacancy
10.70%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$446,580
Cap Rate 7%
$318,986
Cap Rate 9%
$248,100
Alternative Uses
Best Use
Apartment 5plus
$319.0K
$279.1K – $372.2K
NOI $22,329 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.9K
$673.7K – $898.3K
NOI $53,896 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Explore this area
Business Placement
Demographics for 74075, OK
25,033
Population
12,255
Households
2
Avg Household Size
28
Median Age
50%
College-Educated
95%
High-School Grad
94.8 sq mi
ZIP Area
264
Density / Sq Mi
$45,540
Median Household Income
$23,292
Median Earnings
$933
Median Rent
$220,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - 1998 construction with central air, forced-air heating, and a full appliance package.
Where is this residential income property located?
The property is located at 4807-4809 N Britton Drive Stillwater, OK.
What is the asking price?
The asking price for this property is $347,500.
What are key features of this property?
This property features: Two Family Stw zoning designation; Built in 1998; 3,131 property size
