Add Listing
    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

    1480 NE Laurel Ave Woodburn, OR 97071

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $1,225,000

    1.89-acre property with 6,479 sq ft building for sale.

    Property size:
    6,479 SF
    Lot size:
    1.89 Acres

    Property Features for 1480 NE Laurel Ave

    General Information

    Standard status
    Contract
    Size
    6,479 SF
    Lot size
    1.89 Acres

    Building Details

    Year built
    1975

    We can help!

    Listing Contact
    Jason Kennedy
    Jason Kennedy
    Source: Corcoran

    Listing Agency: RE/MAX EQUITY GROUP Listing Agent: Jason Kennedy

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

    Learn more

    Overview

    Woodburn Office Building Opportunity

    This 1.89-acre property presents an opportunity for office use, with the flexibility to adapt to various Commercial General zoning applications. The existing 6,479 sq ft building features 13 individual rooms and 2 kitchens, suitable for conversion into private offices, collaborative workspaces, or meeting rooms. The layout also allows for expansion or reconfiguration. Located in an Opportunity Zone, this property offers potential tax advantages for investors and businesses. Strategically situated in Woodburn, it provides convenient access to both Portland and Salem, making it an excellent hub for regional operations.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodburn
    County
    Marion
    State
    Oregon
    Longitude
    -122.839851
    Latitude
    45.138739

    Nearby Similar for Sale

    • $1,650,000
      0.47 Acres

      Six-Unit Multifamily Investment Opportunity

      Six-unit multifamily property with long-term tenants in Woodburn, Oregon.
      1591 James St, Woodburn, OR 97071
      View Details
    • $1,199,000

      New Triplex Investment Opportunity

      New triplex in Woodburn with territorial views and modern amenities.
      1554 Barn St, Woodburn, OR 97071
      View Details
    • $4,900,000
      13,848 SF

      Historic Downtown Woodburn Redevelopment Opportunity

      Historic 13,000+ SF building, fully remodeled, downtown Woodburn location.
      550 N 1St St, Woodburn, OR 97071
      View Details
    • $8,160,000

      Woodburn Retail Investment Opportunity

      100% leased retail property near Woodburn Premium Outlets.
      105 North Arney Rd, Woodburn, OR 97071
      View Details
    • Contact for pricing

      Industrial Building with Rail Access

      28,500 SF industrial building near Highway 99.
      1660 Silverton Rd, Woodburn, OR 97071
      View Details
    • Contact for pricing
      5,620 SF

      Medical Office Space Available

      Built-out medical office near highways and local colleges.
      1002 N Boones Ferry Rd, Woodburn, OR 97071
      View Details
    • $499,000
      4,532 SF

      Woodburn Commercial Property - Huge Potential

      Versatile 4,532 sqft building on 0.92 acres
      995 Belle Passi Rd, Woodburn, OR 97071
      View Details
    • $499,000
      4,532 SF

      Woodburn Commercial Property - Huge Potential

      Versatile 4,532 sqft building on 0.92 acres
      Belle Passi Rd, Woodburn, OR 97071
      View Details
    • $1,100,000

      Entitled Multifamily Development Opportunity

      35-unit multifamily development opportunity in Woodburn with approved permits.
      119 N Pacific Ct, Woodburn, OR 97071
      View Details
    • $1,400,000
      6,479 SF

      Woodburn Office Building - $1.4M

      6,479 SF Office/Senior Living, 1.89 Acres
      1480 Laurel Ave, Woodburn, OR 97071
      View Details
    • $1,375,000
      6,479 SF

      Woodburn Commercial Property - 1.89 Acres

      Prime Woodburn location, 6,479 sqft building, great potential.
      1480 Laurel Ave, Woodburn, OR 97071
      View Details
    • $4,800,000
      23,082 SF

      Woodburn Automotive Complex - 3 Acres

      Established Automotive Business, 3 Acres, High Revenue
      555 Pacific Hwy, Woodburn, OR 97071
      View Details

    FAQs

    What type of property is this?
    Office building - 1.89-acre property with 6,479 sq ft building for sale.
    Where is this office building located?
    The property is located at 1480 NE Laurel Ave Woodburn, OR.
    What is the asking price?
    The asking price for this property is $1,225,000.
    What are key features of this property?
    This property features: - Commercial General zoning offers flexibility; - Located in an Opportunity Zone, explore potential tax advantages; - Strategically located in Woodburn with convenient access to Portland and Salem
    (503) 670-3000
    Request Owner's contact information
    1480 NE Laurel Ave Woodburn, OR 97071
    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.
    1480 NE Laurel Ave
    Woodburn, OR 97071
    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
    1480 NE Laurel Ave Woodburn, OR 97071
    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
    Jason Kennedy
    Jason Kennedy
    Real Estate License ID: 200501139
    (503) 670-3000 (503) 679-0554 (503) 626-4600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!