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    2306 Heritage Way SE Albany, OR 97321

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    For Lease
    $17 SF/Yr ($1,192 /Mo)

    Retail/office suites available in well-located Albany shopping center.

    Property size:
    842 SF
    Lot size:
    0.43 Acres

    Property Features for 2306 Heritage Way SE

    General Information

    Size
    842 SF
    Lot size
    0.43 Acres

    Source: First Commercial Real Estate Agent Ruth Dana

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Suites in Heritage Plaza

    Two retail or office suites are available for lease at Heritage Plaza in Albany. The retail strip center is anchored by Safeway and Marshalls and is located across from Heritage Mall. Suite A is 636 square feet and is located on the north endcap of the building. Suite C is 842 square feet and is located between a laundromat and a hearing center. The lease rate is $20 per square foot per year, NNN, with NNN expenses estimated at $6.76 per square foot, which includes utilities and garbage.
    Insight Report Location Intelligence

    Current Use by Public Records

    Rich's Sewing, Vacuums, ... Sewing Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.0771597
    Latitude
    44.6276619

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    FAQs

    What type of property is this?
    Retail space - Retail/office suites available in well-located Albany shopping center.
    Where is this retail space located?
    The property is located at 2306 Heritage Way SE Albany, OR.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Well-located in the heart of Albany, offering high visibility and accessibility.; - Anchored by Safeway and Marshalls, ensuring consistent customer traffic.; - NNN lease includes utilities and garbage, simplifying expense management.
    (503) 364-7400
    Request Owner's contact information
    2306 Heritage Way SE Albany, OR 97321
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    Albany, OR 97321
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2306 Heritage Way SE Albany, OR 97321
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