Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    510 SW 2Nd St Corvallis, OR 97330

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,850,000

    Land available for purchase in Corvallis, Oregon.

    Lot size:
    0.23 Acres

    Property Features for 510 SW 2Nd St

    General Information

    Lot size
    0.23 Acres

    We can help!

    Listing Contact
    Brian Yank
    Brian Yank
    Source: Moodyscre

    Listing Agent: Brian Yank

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

    Learn more

    Overview

    Land For Sale Corvallis, OR

    This land is available for purchase and is located at 510 SW 2nd St, Corvallis, OR.
    Location Intelligence

    Current Use by Public Records

    510 SW 2nd ... Parking Lot

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Corvallis
    County
    Benton
    State
    Oregon
    Longitude
    -123.2580161
    Latitude
    44.5683972

    Nearby Similar for Sale

    • $860,000
      2,668 SF

      Corvallis Triplex on Large Lot

      Triplex with single-family home on a 0.65-acre lot.
      4250 Highway 20 NE, Corvallis, OR 97330
      View Details
    • $479,900
      2,372 SF

      Versatile Corvallis Property with Options

      Adaptable property suitable for investment, rental, or owner-occupancy.
      3676 SW 3Rd St, Corvallis, OR 97330
      View Details
    • $860,000
      2,736 SF

      Triplex on Spacious Lot

      Triplex with single-family home and duplex on 0.47 acres.
      4280 Highway 20 NE, Corvallis, OR 97330
      View Details
    • Contact for pricing

      Downtown Corvallis Investment Opportunity

      Hotel, restaurant, and apartments near Oregon State University.
      345 Northwest 2Nd St, Corvallis, OR 97330
      View Details
    • $2,000,000
      14,707 SF

      Mixed-Use Building in Corvallis Heart

      Mixed-use building in downtown Corvallis near OSU campus.
      300 SW 2Nd St, Corvallis, OR 97333
      View Details
    • $1,400,000
      6,940 SF

      Restaurant with Residential Income Potential

      Established restaurant with six apartments for storage or residential use.
      325 NW 2Nd St, Corvallis, OR 97330
      View Details
    • $2,000,000
      14,707 SF

      Mixed-Use Property in Thriving Downtown

      Mixed-use property with redevelopment potential in a thriving downtown area.
      310 SW 2Nd St, Corvallis, OR 97330
      View Details
    • $652,500
      2,072 SF

      Downtown Corvallis Multi-Tenant Office

      Multi-tenant office building in downtown Corvallis with parking.
      518 SW 3Rd St, Corvallis, OR 97333
      View Details
    • $3,600,000
      42,500 SF

      4.29 Acre Warehouse For Sale

      42,500 SF warehouse on 4.29 acres with Highway 99 frontage.
      27630 Llewellyn Rd, Corvallis, OR 97333
      View Details
    • $2,850,000

      Retail Property For Sale

      Retail property available for purchase in Corvallis, Oregon.
      536 SW 2Nd St, Corvallis, OR 97330
      View Details
    • $5,200,000

      Retail Property in Corvallis, Oregon

      Retail property available for sale in Corvallis, Oregon.
      1750-1780 SW 3Rd St, Corvallis, OR 97333
      View Details
    • $1,250,000
      10,654 SF

      Retail Property in Corvallis, Oregon

      Retail property available for sale in Corvallis, Oregon.
      544 NW 3Rd St, Corvallis, OR 97333
      View Details

    FAQs

    What type of property is this?
    Land - Land available for purchase in Corvallis, Oregon.
    Where is this land located?
    The property is located at 510 SW 2Nd St Corvallis, OR.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: - Land available for purchase; - Located in Corvallis, Oregon
    (503) 200-2000
    Request Owner's contact information
    510 SW 2Nd St Corvallis, OR 97330
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    510 SW 2Nd St
    Corvallis, OR 97330
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    510 SW 2Nd St Corvallis, OR 97330
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brian Yank
    Brian Yank
    (503) 200-2000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.