$995,000
908 E 12th Ave , Stillwater, OK 74074
- 6,449
- sqft
- 1987
- year built
- Status:
- Active
- MLS #:
- 1244905
- County:
- Payne
- Listed By:
- Sierra Snowden - Sage Sotheby's Realty
- Agent Phone:
- (405) 570-6340
- Agent Email:
- sierra@sierrasnowden.com
Sponsoring Broker: Marsha Butler, Ebby Halliday
INVESTMENT OPP — CURRENTLY LEASED AT $6,150/MO | 7.25% CAP RATE | 3% ANNUAL RENT ESCALATOR | APPROX. 3 YRS REMAINING ON LEASE Rare investment opportunity in the heart of Stillwater offering established income today and significant long-term flexibility. The property is currently occupied under a triple-net (NNN) lease and has a 12+ month history of consistent rent payments, providing buyers with an established tenant and income stream. The property has also benefited from recent improvements, including a brand-new suppression system and additional work completed to address current code requirements, adding meaningful value for an incoming owner. Situated on approximately 2 acres near major employment and education, this unique property offers more than 6,000 SF of flexible space with 20 bedroom / 10 bathrooms. Originally constructed for group housing use, the property features expansive common areas, multiple offices, large gathering spaces, a commercial-style kitchen area, extensive parking, outdoor patio space, mature trees, flower beds, and a park-like setting. Beyond the existing lease, the property’s size, configuration, location, and acreage provide extensive long-term optionality for an investor. The versatile floor plan may accommodate a variety of future uses or repositioning strategies, subject to buyer verification of zoning, licensing, occupancy requirements, and intended use. Substantial outdoor space includes garden areas, open green space, and room for a variety of recreational or operational needs. With an existing NNN lease, a proven history of consistent rent payments, contractual annual rent growth, recent property improvements, and significant flexibility for future use, this property offers a compelling combination of current cash flow and long-term investment potential in Stillwater. Buyer to verify all information, measurements, lease terms, financial information, zoning, permitted uses, code compliance, licensing, and occupancy requirements.
Highlights
- Commercial Sale
- Built in 1987
- 2.0 Acre Lot
- 85 days on Market
-
- Year Built
- 1987
-
- Construction Materials
- Stone, Brick, Brick Veneer
-
- Parking Features
- Concrete
-
- Living Area
- 6449.0
-
- Acres
- 2.0
-
- County
- Payne
-
- City
- Stillwater
-
- Zip Code
- 74074
-
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Estimated Value
$856,598
Estimated Sales Price Range:
$642,448 - $1,070,747
Source: Constellation Data Labs
Price History
| 08/18/2026 | Listed | $995,000 |
| Source: MLSOK #1244905 | ||
| 08/18/2026 | Listed | $995,000 |
| Source: MLSOK #1244906 | ||
| 06/18/2026 | Off Market | — |
| Source: MLSOK #1235212 | ||
| 05/28/2026 | Off Market | — |
| Source: MLSOK #1231451 | ||
Source: MLS Data
Deed History
| 03/14/2025 | Warranty Deed | $702,333 |
| 01/13/2025 | Quit Claim Deed (non-arm's length) | $0 |
| 05/10/2019 | Warranty Deed | $260,000 |
Source: Public records via Constellation Data Labs
Mortgage History
| 03/14/2025 | Commercial | $540,000 |
| 05/10/2019 | Commercial | $210,000 |
Source: Public records via Constellation Data Labs
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There are currently 47 properties available in Stillwater, with 0 under contract to close soon. Properties in the city have an average sale price of $327,739 and typically spend 83 days on the market before being sold.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
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How do I get more information about 908 E 12th Ave?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $995,000. We can talk through recent upgrades, potential seller motivation, how this commercial sale compares to others in Stillwater, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 908 E 12th Ave?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 908 E 12th Ave at around $5,662. This includes estimated property taxes and insurance.
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Can I negotiate the asking price for 908 E 12th Ave?
In most cases, yes. Whether 908 E 12th Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Stillwater's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 908 E 12th Ave?
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You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $995,000 with 6,449 sqft of space—that comes out to approximately $154 per square foot.
How long has this property been on the market?
908 E 12th Ave was listed on August 18, 2026, which means it's been on the market for 85 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1987, making it approximately 39 years old.
What is the lot size of this property?
908 E 12th Ave sits on a 2.0-acre lot, which is 87,120 square feet.
Is 908 E 12th Ave still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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