Flex Building with Café
1820 - 1852 Fescue St Albany, OR 97322
1820 - 1852 Fescue St, Albany, OR, 97322
$4,800,000
For Sale
$4,800,000
Flex facility with a 22-foot clear-span shop, commercial kitchen, and elevator-served office space on nearly three acres.
Property Size39,250 SF
Lot Size3.00 Acres
Price / SF$122.29
Days on Market441
Property Features for 1820 - 1852 Fescue St
General Information
- Standard status
- Active
- Size
- 39,250 SF
- Lot size
- 3.00 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1999
Listing agency
Smi Real Estate
(503) 884-1273
Listed by
Elesa Doll · License #200708163
(503) 884-1273
Source
Allprofessionalsre
Added: May 7, 2025 Updated: Jul 20 at 8:17PM Checked: Jul 20 at 8:17PM
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 Smi Real Estate
Investment Insights
Based on property information with market context.
Well-maintained flex building offering a shop area with approximately 22-foot clear span and a commercial kitchen configured for a café/coffee bar with outdoor seating. The ground floor includes heavy industrial power for manufacturing use, along with office space and café/coffee bar areas. The second floor is built out as open office space with three offices and meeting rooms, and it includes a separate entry. The building is fully sprinkled and elevator served.
The property is highly visible from I-5 and is located in a Light Industrial zone. Improvements include approximately 23,618 SF of shop space, three grade-level doors, two dock-high doors, and major signage with abundant parking.
For sale as an owner-user opportunity, the current tenant, Allann's Coffee (originally Allann Bros Coffee), is interested in negotiating to remain in part of the shop space. The owner also notes the property may be demised into multi-tenancy, with exact terms to be determined by agreement.
The property is highly visible from I-5 and is located in a Light Industrial zone. Improvements include approximately 23,618 SF of shop space, three grade-level doors, two dock-high doors, and major signage with abundant parking.
For sale as an owner-user opportunity, the current tenant, Allann's Coffee (originally Allann Bros Coffee), is interested in negotiating to remain in part of the shop space. The owner also notes the property may be demised into multi-tenancy, with exact terms to be determined by agreement.
Key Highlights
- 39,250 SF light industrial flex facility on nearly 3 acres, built in 1999
- 22‑ft clear‑span shop area plus commercial kitchen, cafe, and coffee bar with outdoor seating
- Fully sprinklered building with heavy industrial power and elevator‑served office space
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $588.8k | $15.00 |
| − Vacancy | −$22.9k | −$0.58 |
| EGI | $565.8k | $14.42 |
| − OpEx | −$169.8k | −$4.32 |
| NOI | $396.1k | $10.09 |
39,250 SF · lease $15.00/SF/yr · vacancy 3.89% · expense 30.00%
Alternative Uses
Best Use
Office B
$10.24M
$8.96M – $11.95M
NOI $716,956 @ 7.0% cap · market cap 14.94%
Second Best
Specialty Retail
$9.23M
$8.08M – $10.77M
NOI $646,165 @ 7.0% cap · market cap 13.46%
Theoretical Best
Office A
$11.43M
$10.00M – $13.34M
NOI $800,399 @ 7.0% cap · market cap 16.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex facility with a 22-foot clear-span shop, commercial kitchen, and elevator-served office space on nearly three acres.
Where is this flex space located?
The property is located at 1820 - 1852 Fescue St Albany, OR.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 39,250 SF light industrial flex facility on nearly 3 acres, built in 1999; 22‑ft clear‑span shop area plus commercial kitchen, cafe, and coffee bar with outdoor seating; Fully sprinklered building with heavy industrial power and elevator‑served office space
