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    1731 Industrial Way Philomath, OR

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    For Sale
    $3,300,000

    23,500 SF industrial warehouse on 4.87 acres for lease.

    Type:INDUSTRIAL
    Property size:
    23,500 SF
    Lot size:
    4.87 Acres
    Added:
    Oct 13, 2025
    Days on Market:
    171
    Last Refresh:
    Mar 29 at 9:26 pm

    Property Features for 1731 Industrial Way

    General Information

    Standard status
    Active
    Size
    23,500 SF
    Lot size
    4.87 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 1731 Industrial Way Contact us

    We can help!

    Listing Contact
    Jim O'Bryant

    Listing agent Jim O'Bryant

    Listing office NW Commercial Services LLC

    Listing date Oct 13, 2025

    Source Moodyscre

    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 NW Commercial Services LLC

    Overview

    Industrial Warehouse Distribution Building

    This former Pro-Lam facility is an industrial warehouse and distribution building encompassing approximately 23,500 square feet, situated on approximately 4.87 acres of land zoned for Light Industrial (LI) use. The building features a complete sprinkler system, insulation, and an eave height of approximately 18 feet. It is equipped with suspended gas heaters, numerous grade-level doors, fluorescent lighting, and 480V/3 Phase heavy electrical power. The facility includes upper and lower-level offices, a conference room, storage areas, and restrooms. It is serviced by city water and sewer. Additional ground is available for expansion. The property features a security-gated entryway, ample parking for employees, customers, and trucks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pro Lam Inc Big Box & Wholesale Store Bear Valley Manufacturing Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Applegate Storage — 902 Applegate St, Philomath, OR 97370
    • Hangar 9 RV & Boat Storage — 275 S 11th St, Philomath, OR 97370
    • Philomath Storage Depot — 302 Inspiration Way, Philomath, OR 97370

    Location Insight

    • Map
    • Local Demand
    City
    Philomath
    County
    Benton
    State
    Oregon
    Longitude
    -123.36
    Latitude
    44.5498

    Nearby Similar for Sale

    • $1,150,000
      4,440 SF

      Philomath Industrial Building For Sale

      4440 SF heated industrial building with fenced 1.31 acres.
      220 S 9th St Philomath, OR 97370
      View Details
    • $1,550,000
      4,320 SF

      Industrial Property with Office Space

      Industrial building with shop, office, and drive-through convenience.
      310 S 9th St Philomath, OR 97370, OR 97370
      View Details

    FAQs

    What type of property is this?
    Warehouse - 23,500 SF industrial warehouse on 4.87 acres for lease.
    Where is this warehouse located?
    The property is located at 1731 Industrial Way Philomath, OR.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: Large Industrial Warehouse/Distribution building: 23,500 SF on 4.87 acres, zoned Light Industrial (LI), offering significant space and potential.; Additional ground available for future expansion of the facility.; Heavy Power and Infrastructure: 480V/3 Phase electrical power, city water and sewer, fully sprinkled and insulated.
    (503) 991-2271
    We can help!
    Listing Contact
    Jim O'Bryant
    Learn More
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    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
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