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    Property profile & analytics
    FOR SALE
    Retail space

    350 NW Hickory St, Albany, OR 97321

    14,826 SF 3.1 ac lot Built 1958
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US71-0678758
    Property summary
    AI-generated overview

    This exceptional 15,000 square foot free-standing retail building presents a unique investment opportunity. Situated on approximately 1.75 acres of land with prominent Highway 20 frontage, this property boasts high visibility and accessibility. Currently vacant, the entire space is available for lease, offering a blank canvas for a wide range of commercial ventures. The property is zoned C.C., allowing for diverse commercial uses. Its strategic location next to Samaritan hospital clinics ensures a steady stream of potential customers. An added benefit is the availability of an adjoining 1.35-acre lot, also for sale, providing potential for expansion or additional development. The C.C. zoning allows for both commercial and multi-family residential uses, opening up a range of possibilities for future development on this adjacent parcel. This property offers a rare combination of size, location, and zoning flexibility, making it an ideal choice for businesses seeking a high-impact presence in a thriving area. The substantial lot size provides ample parking and potential for outdoor amenities. Serious inquiries are encouraged to explore this exceptional retail opportunity.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1958
    Total area 14,826 SF
    Lot 3.1 ac (135,036 SF)
    Zoning code CC
    APN 11306CB00203
    UPID US71-0678758
    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
    Current use
    Occupant on record · Public records
    • U-Haul Neighborhood Dealer Car Rental Facility
    • Peaceful Valley Farm & Garden Supply Garden Center
    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
    Hals Den LLC · 5 yrs held
    Hals Den LLC
    since 2020
    7 recorded transactions
    2020
    2019
    $1.6M
    2013
    2005
    $400,000
    2001
    $200,000
    1969
    1969
    Zoning & alternative use
    CC · Albany, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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