Office Building with Flexible
For Sale
$1,050,000
1480 NE LAUREL Ave, Woodburn, OR 97071
CommercialSale, Woodburn, OR
Property Size6,479 SF
Lot Size1.89 Acres
Price / SF$162.06
Days on Market717
Property Features for 1480 NE LAUREL Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG
Directions
Hwy 99 to Laurel
Subdivision
_170
Standard status
Active
APN
565036
Size
6,479 SF
Lot size
1.89 Acres
Taxes and HOA fees
Tax Description
WYNNS ADDITION, BLOCK 2, LOT 10, ACRES 1.89
Tax Annual Amount
5358
Legal Description
WYNNS ADDITION, BLOCK 2, LOT 10, ACRES 1.89
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1975
Floors in Building
1
Building materials
LapSiding, WoodFrame
Roof type
Composition
Listing Agency:
RE/MAX Equity Group · RE/MAX International
(503) 626-4600
Listed By:
Jason Kennedy · License #200501139
(503) 679-0554
Added: Sep 9, 2024
Changed: Aug 25
Last Checked: Aug 26 at 2:06AM
MLS# 24540457
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Set on 1.89 acres, this 6,479-square-foot office building contains 13 individual rooms and 2 kitchens within a configurable interior plan. The arrangement can accommodate private offices, shared work areas, or meeting rooms, with options for reconfiguration or expansion. CG zoning supports office use and other Commercial General applications.
The property is located in Woodburn, Oregon, with access to both Portland and Salem for regional operations. It is also within an Opportunity Zone. Constructed in 1975, the building has wood-frame construction with lap siding, a composition roof, forced-air heating, and central air conditioning.
The property is located in Woodburn, Oregon, with access to both Portland and Salem for regional operations. It is also within an Opportunity Zone. Constructed in 1975, the building has wood-frame construction with lap siding, a composition roof, forced-air heating, and central air conditioning.
Key Highlights
- 6,479‑square‑foot building on 1.89 acres
- 13 individual rooms and 2 kitchens
- CG zoning supports office and Commercial General applications
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
$79,181
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
7.54%
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%
$1,583,620
$1.6M
Cap Rate 7%
$1,131,157
$1.1M
Cap Rate 9%
$879,789
$879.8K
Market Conditions
NOI Build-Up for 6,479 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
$143.8K $22.20/SF
− Vacancy
−$38.3K −$5.91/SF
EGI
$105.6K $16.29/SF
− OpEx
−$26.4K −$4.07/SF
NOI
$79.2K $12.22/SF
Area
Marion County, OR
Vacancy
26.60%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,583,620
Cap Rate 7%
$1,131,157
Cap Rate 9%
$879,789
Alternative Uses
Best Use
Office B
$1.13M
$989.8K – $1.32M
NOI $79,181 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.78M
NOI $106,662 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Explore this area
Business Placement
Demographics for 97071, OR
30,777
Population
10,595
Households
2.9
Avg Household Size
35
Median Age
17%
College-Educated
72%
High-School Grad
51.7 sq mi
ZIP Area
595
Density / Sq Mi
$70,130
Median Household Income
$35,927
Median Earnings
$1,382
Median Rent
$316,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - CG-zoned office property with multiple rooms, two kitchens, and an adaptable interior configuration.
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 $1,050,000.
What are key features of this property?
This property features: 6,479‑square‑foot building on 1.89 acres; 13 individual rooms and 2 kitchens; CG zoning supports office and Commercial General applications
