122 East Richmond Road

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122 East Richmond Road

Stillwater, OK 74075
Asking Price
$523K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The subject property is currently available for purchase at $522,900.
  • This land parcel is situated at 122 East Richmond Road in Stillwater.
  • The site is located within the 74075 zip code of Oklahoma.
  • The asset provides potential for diverse commercial or residential development projects.
  • Stillwater maintains a consistent economic climate supported by the local university.

What's Special

This land for sale at 122 East Richmond Road presents a clear acquisition for investors or developers focused on the Stillwater market. The parcel serves as a blank canvas for those looking to capitalize on the steady economic growth within this Oklahoma college town, home to Oklahoma State University. The location benefits from the regional connectivity offered by Stillwater's infrastructure, making it a practical site for various development projects ranging from commercial ventures to residential expansions. Prospective buyers will find this asset suitable for ground-up construction tailored to the evolving needs of the local community. By positioning a project in this established corridor, stakeholders can leverage the consistent demand for improved real estate in a city known for its stable workforce and educational focus. Whether the objective involves long-term land banking or immediate development, this property offers a foundational footprint within the 74075 zip code area.

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NOI
$80,000
Cap Rate
15.30%
DSCR
2.58
Strong
Cash-on-Cash
31.21%
Monthly Payment
$2,587.024
Annual Cash Flow
$48,955.713

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