Freestanding Storefront
For Sale
Contact for pricing
1350 Pacific Blvd. SE, Albany, OR 97321
Vacant commercial facility with Community Commercial zoning, practical interior layout, parking, and outdoor space along Pacific Boulevard.
Property Size3,296 SF
Lot Size0.52 Acres
Price / SF$210.86
Days on Market8
Property Features for 1350 Pacific Blvd. SE
General Information
Standard status
Active
Size
3,296 SF
Total Parking Spaces
19
Lot size
0.52 Acres
Property subtype
Retail
Zoning
Community Commercial
Investment Type
Owner/User
Building Details
Year Built
1945
Stories
1
Listing Agency:
C.W. Walker & Associates, Inc.
(541) 484-4422
Listed By:
Isaac Grant, CCIM · License #OR-201256253
Source:
Crexi
Added: Jul 31
Changed: Aug 3
Last Checked: Aug 5 at 9:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of C.W. Walker & Associates, Inc.
Investment Insights
Based on property information with market context.
This freestanding storefront property includes a 3,296-square-foot commercial building on a 0.52-acre parcel. Constructed in 1945, the building is currently vacant and was most recently occupied by Miller Paint Company. Its functional layout, parking area, and additional outdoor space support retail, service, showroom, and trade-related operations, subject to applicable requirements.
The property is located at 1350 Pacific Blvd. SE in Albany, Oregon, with frontage along Pacific Boulevard. Community Commercial zoning provides the recorded land-use designation. The site offers room for customer parking, outdoor display, equipment or inventory storage, and potential future improvements, subject to approval.
The property is located at 1350 Pacific Blvd. SE in Albany, Oregon, with frontage along Pacific Boulevard. Community Commercial zoning provides the recorded land-use designation. The site offers room for customer parking, outdoor display, equipment or inventory storage, and potential future improvements, subject to approval.
Key Highlights
- 3,296‑square‑foot freestanding commercial building
- 0.52‑acre site with Pacific Boulevard frontage
- Community Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,644
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,012,880
$1.0M
Cap Rate 7%
$723,486
$723.5K
Cap Rate 9%
$562,711
$562.7K
Market Conditions
NOI Build-Up for 3,296 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$106.4K $32.28/SF
− Vacancy
−$34.0K −$10.33/SF
EGI
$72.3K $21.95/SF
− OpEx
−$21.7K −$6.59/SF
NOI
$50.6K $15.37/SF
Area
Linn County, OR
Vacancy
32.00%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,012,880
Cap Rate 7%
$723,486
Cap Rate 9%
$562,711
Alternative Uses
Best Use
Retail
$723.5K
$633.1K – $844.1K
NOI $50,644 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$960.2K
$840.2K – $1.12M
NOI $67,213 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,249
Businesses Nearby
69k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 41%
Beauty & Spa 2%
Dutch Bros. Coffee
Dining
19,722 visits/mo
0.4 miles
Starbucks
Dining
13,264 visits/mo
0.2 miles
The Human Bean
Dining
6,708 visits/mo
0.2 miles
Chase Bank
Shops & Services
5,924 visits/mo
0.5 miles
7-Eleven
Shops & Services
4,645 visits/mo
0.4 miles
Demographics for 97321, OR
30,291
Population
11,790
Households
2.6
Avg Household Size
41
Median Age
38%
College-Educated
96%
High-School Grad
69.1 sq mi
ZIP Area
438
Density / Sq Mi
$95,687
Median Household Income
$45,963
Median Earnings
$1,264
Median Rent
$442,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Vacant commercial facility with Community Commercial zoning, practical interior layout, parking, and outdoor space along Pacific Boulevard.
Where is this storefront property located?
The property is located at 1350 Pacific Blvd. SE Albany, OR.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 3,296‑square‑foot freestanding commercial building; 0.52‑acre site with Pacific Boulevard frontage; Community Commercial zoning
