2300 Ferry St SW, Albany, OR 97322

Listing Agency: PREMIERE PROPERTY GROUP, LLC ALBANY

Listed By: BRANDON HANSON · License OR #201206837 Show Phone

Source: Wisser

Added: Sep 2 Changed: Oct 25 Last Checked: Oct 6 at 12:17AM

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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 PREMIERE PROPERTY GROUP, LLC ALBANY

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Investment Insights

Based on property information with market context.

This ±820 SF flex space combines a practical work area with a private office, restroom, and separate office entrance. A 12’ grade-level door supports movement of materials and equipment, while the layout accommodates a range of industrial and commercial functions permitted under Light Industrial zoning.

The space is located within a well-maintained business park in Albany, Oregon, with access suited to daily business operations. An optional fenced rear yard is available for fleet parking or yard storage. Occupancy is available October 19th, and the tenant is responsible for power, gas, trash, and water utilities.

Key Highlights

• ±820 SF flex space with a 12’ grade door
• Private office, restroom, and separate office entrance
• Light Industrial zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,176

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,003,520 $1.0M

Cap Rate 7%

$716,800 $716.8K

Cap Rate 9%

$557,511 $557.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 8,000 SF

Gross rent

$81.6K $10.20/SF

− Vacancy

−$4.4K −$0.55/SF

EGI

$77.2K $9.65/SF

− OpEx

−$27.0K −$3.38/SF

NOI

$50.2K $6.27/SF

Area

Linn County, OR

Vacancy

5.40%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,003,520

Cap Rate 7%

$716,800

Cap Rate 9%

$557,511

Alternative Uses

Best Use

Warehouse

$1.40M

$1.23M – $1.63M (±1% cap)

NOI $98,032 @ 7.0% cap

Second Best

Industrial

$1.15M

$1.01M – $1.35M (±1% cap)

NOI $80,732 @ 7.0% cap

Theoretical Best

Office A

$2.33M

$2.04M – $2.72M (±1% cap)

NOI $163,139 @ 7.0% cap

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Joshua Roth Ltd Big Box & Wholesale Store Albany's Canna Kitchen ... Medical Clinic Microbial Matrix Systems ... Agricultural Service Grover Cleaning Services ... Hardware & Home Improvement Low Cost Ignition ... Building Supply

Suggested Use

Top Pick Restaurant Hair Salon Pharmacy Law Firm Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

516

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 97322, OR

37,148

Population

14,867

Households

2.5

Avg Household Size

37

Median Age

22%

College-Educated

91%

High-School Grad

63.3 sq mi

ZIP Area

587

Density / Sq Mi

$68,536

Median Household Income

$43,530

Median Earnings

$1,335

Median Rent

$321,200

Median Home Value

Market

Average Price Trend$/SF for Flex space in Linn County, OR

$134 Jul

$107 Aug

$120 Sep

$120 Oct

Properties on Market for Flex space in Linn County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Light Industrial-zoned space offers a private office, restroom, and separate entry within a business park setting.

Where is this flex space located?

The property is located at 2300 Ferry St SW Albany, OR.

What are key features of this property?

This property features: ±820 SF flex space with a 12’ grade door; Private office, restroom, and separate office entrance; Light Industrial zoning