Woodburn Office Building For
For Sale
$1,075,000
1480 NE Laurel Avenue, Woodburn, OR 97071
1.89-acre property with 6,479 sq ft building in Woodburn.
Property Size6,479 SF
Lot Size1.89 Acres
Price / SF$165.92
Days on Market813
Property Features for 1480 NE Laurel Avenue
General Information
Standard status
Active
Size
6,479 SF
Lot size
1.89 Acres
Property subtype
Commercial
Building Details
Year Built
1975
Listing Agency:
RE/MAX Equity Group
Listed By:
Jason Kennedy · License #200501139
(503) 679-0554
Source:
Century21northhomes
Added: Aug 11, 2024
Changed: Oct 31
Last Checked: Nov 1 at 5:54AM
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 RE/MAX Equity Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
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 includes 13 individual rooms and 2 kitchens, suitable for conversion into private offices, collaborative workspaces, or meeting rooms. The layout allows for expansion or reconfiguration. Located in an Opportunity Zone, this property offers potential tax advantages for investors and businesses. Situated in Woodburn, it provides convenient access to both Portland and Salem, making it a hub for regional operations.
Key Highlights
- 1.89‑acre property with Commercial General zoning, suitable for various commercial applications.
- 6,479 sq ft building featuring 13 rooms and 2 kitchens, ideal for office conversion or collaborative workspaces.**
- Located in an OPPORTUNITY ZONE, offering potential tax advantages.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,181
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
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
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 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 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.78M
NOI $106,662 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - 1.89-acre property with 6,479 sq ft building in Woodburn.
Where is this office building located?
The property is located at 1480 NE Laurel Avenue Woodburn, OR.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 1.89‑acre property with Commercial General zoning, suitable for various commercial applications.; 6,479 sq ft building featuring 13 rooms and 2 kitchens, ideal for office conversion or collaborative workspaces.**; Located in an OPPORTUNITY ZONE, offering potential tax advantages.
