# 908 E 12th Avenue, Stillwater, OK 74074 > **TL;DR:** commercial, $995,000 ($154/sqft), built 1987, 6,449 sqft. Est. $5,321/mo. Listed 46 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $995,000 | | Price/sqft | $154 | | Square Feet | 6,449 | | Year Built | 1987 | | Lot Size | 87,120 sqft (2.00 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 46 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $5,031 | | Estimated Insurance | $290 | | **Total** | **$5,321** | ## Property Highlights - Built in 1987 - 2.00 acre lot ## Description ### Agent Description 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. ## Location - **Address:** 908 E 12th Avenue, Stillwater, OK 74074 - **County:** Payne - **Coordinates:** 36.109137, -97.046813 - **Google Maps:** https://www.google.com/maps?q=36.109137,-97.046813 ## Listing Agent - **Name:** Sierra Snowden - **Brokerage:** Sage Realty Partners - **Phone:** 4055706340 - **Broker Phone:** (405) 748-0405 ## Photos ![908 E 12th Avenue - Photo 1](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f1914489522r.jpg) ![908 E 12th Avenue - Photo 2](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f2632416162r.jpg) ![908 E 12th Avenue - Photo 3](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f2458448017r.jpg) ![908 E 12th Avenue - Photo 4](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f3836390696r.jpg) ![908 E 12th Avenue - Photo 5](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f3533289198r.jpg) ![908 E 12th Avenue - Photo 6](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f2244171894r.jpg) ![908 E 12th Avenue - Photo 7](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f3967838919r.jpg) ![908 E 12th Avenue - Photo 8](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f376229855r.jpg) ![908 E 12th Avenue - Photo 9](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f3077850272r.jpg) ![908 E 12th Avenue - Photo 10](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f353069246r.jpg) ![908 E 12th Avenue - Photo 11](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f1327153340r.jpg) ![908 E 12th Avenue - Photo 12](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f2918500895r.jpg) ![908 E 12th Avenue - Photo 13](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f396238854r.jpg) ![908 E 12th Avenue - Photo 14](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f3216781766r.jpg) ![908 E 12th Avenue - Photo 15](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f4166933997r.jpg) ![908 E 12th Avenue - Photo 16](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f3748267633r.jpg) ![908 E 12th Avenue - Photo 17](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f2960535041r.jpg) ![908 E 12th Avenue - Photo 18](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f1927681437r.jpg) ![908 E 12th Avenue - Photo 19](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f2150102209r.jpg) ![908 E 12th Avenue - Photo 20](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f1779902752r.jpg) ![908 E 12th Avenue - Photo 21](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f2664080769r.jpg) ![908 E 12th Avenue - Photo 22](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f2114568077r.jpg) ![908 E 12th Avenue - Photo 23](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f1227772251r.jpg) ![908 E 12th Avenue - Photo 24](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f2497215837r.jpg) ![908 E 12th Avenue - Photo 25](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f1551677269r.jpg) ![908 E 12th Avenue - Photo 26](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f1248509354r.jpg) ![908 E 12th Avenue - Photo 27](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f1318558702r.jpg) ![908 E 12th Avenue - Photo 28](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f1116319945r.jpg) ![908 E 12th Avenue - Photo 29](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f2961112765r.jpg) ![908 E 12th Avenue - Photo 30](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f94967847r.jpg) ![908 E 12th Avenue - Photo 31](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f4160144382r.jpg) ![908 E 12th Avenue - Photo 32](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f3431656358r.jpg) ![908 E 12th Avenue - Photo 33](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f3094714654r.jpg) ![908 E 12th Avenue - Photo 34](http://lh.rdcpix.com/5d99325d4bfb1dc81300858bee8d25ebl-f1734838718r.jpg) --- **MLS#:** 1244905 | **Updated:** 2026-09-29 **Source:** listhub *Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/908-e-12th-avenue-stillwater-ok-74074-1244905) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/908-e-12th-avenue-stillwater-ok-74074-1244905#listing", "url": "https://www.propertysimple.ai/listing/908-e-12th-avenue-stillwater-ok-74074-1244905", "name": "908 E 12th Avenue, Stillwater, OK 74074", "description": "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. 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