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

    2817 56th St Stillwater, OK 74074

    • Strip malls
    • 2,400 SF
    • 1.51 lot acres
    OFF-MARKET
    Last Sale
    Aug 15, 2024
    $250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-2178043
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Integrity Builders, Stillwater, OK / Construction Company / General Contractor
    • Peak Performance Wellness Center / Gym & Fitness Center / Alternative Medicine Practice

    Property Details for 2817 56th St

    Lot size
    1.51 lot acres
    Property size
    2,400 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    600088786
    APU
    600088786

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Stillwater
    County
    Payne
    State
    Oklahoma
    Longitude
    -97.0952
    Latitude
    36.0576
    CBSA code
    44660
    CBSA name
    STILLWATER, OK MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,354
    $3,434
    $10,935
    $14,369
    -
    $35,120
    $111,840
    $146,960

    Comparable in this City

    • Value Estimation by Request
      4,070 SF

      804 46th Ave

      SHOPPING CENTER, STRIP CENTER • 4,070 SF
      804 46th Ave, Stillwater, OK 74074-8208
      View Details
    • Value Estimation by Request
      2,400 SF

      924 Mound St

      SHOPPING CENTER, STRIP CENTER • 2,400 SF
      924 Mound St, Stillwater, OK 74074-4700
      View Details
    • Value Estimation by Request
      1,455 SF

      920 Mound St

      SHOPPING CENTER, STRIP CENTER • 1,455 SF
      920 Mound St, Stillwater, OK 74074-4700
      View Details
    • Value Estimation
      $1,590,000
      16,675 SF

      801 Main St

      SHOPPING CENTER, STRIP CENTER • 16,675 SF
      801 Main St, Stillwater, OK 74074-4642
      View Details
    • Value Estimation by Request
      2,273 SF

      408 Westpark Ct

      SHOPPING CENTER, STRIP CENTER • 2,273 SF
      408 Westpark Ct, Stillwater, OK 74074-1554
      View Details
    • Value Estimation by Request
      1,800 SF

      310 Westpark Ct

      SHOPPING CENTER, STRIP CENTER • 1,800 SF
      310 Westpark Ct, Stillwater, OK 74074-1577
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Property Near State Campus

      Retail property in high-traffic area near Oklahoma State Campus.
      800 N Main St, Stillwater, OK 74074
      View Details
    • $2,149,877
      3,842 SF

      Stillwater Veterinary Center

      Retail Investment Opportunity: 7.25% Cap Rate
      401 Cstar Blvd, Stillwater, OK 74074
      View Details
    • $55,000
      Pending

      Residential Land in Stillwater, OK

      Large home sites in Stillwater's newest premier community.
      5906 E Bison Ln, Stillwater, OK 74074
      View Details
    • $65,000
      0.74 Acres

      Residential Land in Stillwater, OK

      Large home sites in Stillwater's newest premier community.
      5803 E Bison Ln, Stillwater, OK 74074
      View Details
    • $186,000
      18.19 Acres

      Stillwater Land For Sale

      18.19 acres in Payne County, near E 80th Street.
      3906 E 80Th St, Stillwater, OK 74074
      View Details
    • $140,000
      3.00 Acres

      Waterfront Property in Gated Community

      Large waterfront lot in Stillwater's exclusive gated Cheyenne Ridge.
      W Laguna Ln, Stillwater, OK 74074
      View Details
    Request Owner's contact information
    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.
    2817 56th St
    Stillwater, OK 74074
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!