801 Perkins RdStillwater, OK 74074

  • Outlet malls
  • 2,048 SF
For Sale
$419,900 View listing

Property Details for 801 Perkins Rd

Year built
1965
Lot size
0.24 AC
Property size (Sq ft)
2,048 SF
Property type
Outlet malls
APN
600008295
APU
600008295

Description

This exceptional 2,048 square foot commercial property, located at 801 S Perkins Road in Stillwater, Oklahoma, presents a unique investment opportunity. Situated on a 0.24-acre lot on one of Stillwater's busiest thoroughfares, this property boasts unparalleled visibility and accessibility, placing it within easy reach of Oklahoma State University and the heart of the city. Completely renovated between 2020 and 2021, the property showcases high-end updates throughout, including modernized bathrooms with contemporary fixtures. The open floor plan maximizes space and functionality, while a convenient drive-thru garage window adds significant operational flexibility. Ample customer parking is available on-site, and the property offers the potential to develop an outdoor patio area or expand parking further. The property's strategic location, coupled with its recent high-quality renovations, makes it an ideal investment for a variety of commercial uses. The asking price is $419,900. This is a rare opportunity to acquire a turn-key commercial property in a thriving Oklahoma market. Don't miss out on this chance to own a piece of Stillwater's bustling commercial landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $488,727
    6.5%
    $451,132
    7%
    $418,909
  • Comparable approach

    Method
    Valuation
    Relative Method
    $620,967
    Geo Method
    $620,967
  • Alternative Use

    Use
    Valuation
    Residential
    $380,547
    Hospitality
    $348,579
    Educational
    $290,014
    Medical
    $299,988
    Retail
    $451,132

Location Insight

City
Stillwater
County
Payne
State
Oklahoma
Latitude
36.114
Longitude
-97.0511
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
$3,186
$5,079
$26,320
$31,399
-
$49,660
$257,290
$306,950

FAQs

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