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Property profile & analytics
OFF-MARKET Estimated value $10,320,000
Outlet malls

1616 Perkins Rd Stillwater, OK 74075-2987

97,464 SF 19 ac lot Built 1995
Entity Owned Absentee Owner Free & Clear
Property ID
US69-0942429
Property summary
AI-generated overview

This exceptional 0.79-acre commercial land parcel presents a unique opportunity for development in Stillwater, Oklahoma. Located at 1616 N Perkins Rd, this single-tenant property offers significant potential for businesses seeking a strategic location within Payne County. The lot size provides ample space for a variety of commercial ventures, allowing for flexibility in design and construction. The property's address places it within easy reach of Stillwater's vibrant community and its extensive transportation network, ensuring high visibility and convenient access for customers and employees. This is a rare opportunity to acquire a well-situated commercial land parcel in a thriving Oklahoma market. The property is currently available for lease, making it an ideal investment for businesses looking to establish a strong presence in Stillwater. With its convenient location and substantial size, this property is poised for immediate development and offers a promising return on investment. The property is zoned for commercial use and is ready for immediate development. Detailed site plans and zoning information are available upon request. Serious inquiries only. Contact us today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1995
Total area 97,464 SF
Lot 19 ac (827,814 SF)
APN 600012573
UPID US69-0942429
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Installation Services General Contractor
  • Lowe's ProServices Building Supply Industrial Manufacturer
  • Primo Water Exchange Big Box & Wholesale Store
  • Lowe's Home Improvement Carpet & Flooring Store Hardware & Home Improvement
  • Lowe's Garden Center Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$13.21M
Blend (final) Blend
$10.32M
Owner & transaction history
LOWES HOME CENTERS, INC
LOWES HOME CENTERS, INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $16.7M +27.6%
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