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Property profile & analytics
OFF-MARKET
Commercial land
315 Thomas Ave, Stillwater, OK 74075
Entity Owned
1-yr Hold
Free & Clear
Property ID
US69-0805518
Property summary
AI-generated overview
This exceptional 2.07-acre industrial lot, located at 315 E Thomas Ave in Stillwater, Oklahoma (APN 6000023499), presents a compelling development opportunity. Priced at $400,000 ($4.44/SF land value), this property boasts a convenient 272' x 331' dimension and is zoned for industrial use. Situated in a thriving area experiencing significant growth, the lot benefits from its proximity to recently completed developments, including a fully occupied multi-tenant industrial building directly adjacent. Utilities are readily available at the site, simplifying the development process. This prime location offers significant potential for various industrial projects, making it an attractive investment in a dynamic and expanding market within Payne County, Oklahoma, zip code 74075. The property's strategic positioning and readily accessible utilities make it an ideal choice for developers seeking a high-return investment in a rapidly developing industrial zone. Don't miss this chance to capitalize on the area's upward trajectory.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1 ac (43,560 SF)
APN
600023499
UPID
US69-0805518
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Berean Investments LLC · 1 yrs held
Berean Investments LLC
since 2025
Last sale
$1,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$388
Tax year 2023
Assessed value
$3,827
Assessed 2023
Previous assessed
$3,827
+0.0% YoY
Effective rate
10.14%
On assessed value
Assessed land
$3,827
Land market value
$219,470
Total market value
$219,470
Applied tax rate
16.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
1 ac (43,560 SF)
APN
600023499
UPID
US69-0805518
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
Building & site characteristics
From public records
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Berean Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
424 ELAICEVIEW, STILLWATER, OK 74014
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2025
$217,500
Berean Investments LLC
C6 Investments LLC
Warranty Deed
—
Apr 16, 2024
$1,000
C6 Investments LLC
The Quapaw Company
Deed
$200,000 · Payne County Bank An Oklahom
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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