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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Strip malls
212 Main St Stillwater, OK 74075-7716
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US69-0857671
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Total area
3,000 SF
Lot
6 ac (261,360 SF)
APN
600023677
UPID
US69-0857671
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
-
Western-Shamrock Finance Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
$665k
Comparable Approach
Comparable
$429k
Blend (final)
Blend
$570k
Owner & transaction history
212 N Main LLC · 4 yrs held
212 N Main LLC
since 2021
Last sale
$560,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$540,000
+109.3%
Office building
$515,000
+99.7%
Retail stores
$400,000
+56.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Stillwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stillwater submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$560,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$615,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$540,000
Change: +109% · Conversion: Easy
OFFICE BUILDING
$515,000
Change: +100% · Conversion: Moderate
RETAIL STORES
$400,000
Change: +57% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $560k (Sep 23 2021)
Last sale anchor
$560k
Sep 23 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$190 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,687
Tax year 2023
Assessed value
$56,051
Assessed 2023
Previous assessed
$53,382
+5.0% YoY
Effective rate
10.15%
On assessed value
Assessed land
$15,586
Assessed improvement
$40,465
Land market value
$142,370
Improvement market value
$369,600
Total market value
$511,970
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Heating
OTHER
Cooling
AC.PACKAGE
Stories
12
Total area
3,000 SF
Lot
6 ac (261,360 SF)
APN
600023677
UPID
US69-0857671
Jurisdiction
PAYNE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$540,000
OFFICE BUILDING
Est. value
$515,000
RETAIL STORES
Est. value
$400,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
OTHER
Cooling
Yes
Stories
12
Lot
6 ac
Current owner
From public records · entity-resolved
212 N Main LLC
Entity
Mailing address
224 N MAIN ST, STILLWATER, OK 74075-7716
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2021
$560,000
212 N Main LLC
212 North Main Enterprises LLC
Warranty Deed
$448,000 · Bancfirst
Apr 25, 2018
—
212 North Main Ents LLC
—
Deed
related
$436,000 · Exchange Bk
Apr 18, 2018
—
212 North Main Ents LLC
Alexander Kenneth B L/tr
Grant Deed
related
—
Jan 18, 2018
—
212 North Main Ents LLC
Alexander Kenneth B L/tr
Quit Claim Deed
related
—
May 18, 2011
—
Alexander,kenneth B Living Trust
Alexander Living Trust
Quit Claim Deed
related
—
—
—
Alexander,kenneth B Living Trust
—
Deed Of Trust
related
$925,000 · Bancfirst
—
—
212 North Main Ents LLC
—
Deed Of Trust
related
$436,000 · Exchange Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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