Gerber Collision & Glass Auto
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For Sale
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357 11TH AVE SE, Albany, OR 97321
Industrial-zoned automotive property at 357 11th Ave SE in Albany, Oregon.
Property Size21,685 SF
Price / SF$122.48
Days on Market7
Property Features for 357 11TH AVE SE
General Information
Standard status
Active
Size
21,685 SF
Property subtype
Retail, Industrial
Zoning
LI
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$199,200
Additional Details
Cap Rate
7.5%
Highway Access
Yes
Building Details
Year Renovated
2019
Buildings
3
Stories
1
Tenancy
Single
Listing Agency:
Echo West Capital Advisors
(888) 737-2264
Listed By:
Kyle Duffy · License #SA700457000
Source:
Crexi
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 9 at 5:01AM
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 Echo West Capital Advisors
Investment Insights
Based on property information with market context.
Gerber Collision & Glass is an auto shop located at 357 11th Ave SE in Albany, Oregon. The property carries LI zoning and is positioned along the I-5 corridor. The listing identifies a 7.50% CAP rate for the offering. Its recorded property size is 21,685.
Key Highlights
- Gerber Collision & Glass auto shop
- LI zoning
- Located at 357 11th Ave SE, Albany, OR
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
$218,835
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
8.24%
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%
$4,376,700
$4.4M
Cap Rate 7%
$3,126,214
$3.1M
Cap Rate 9%
$2,431,500
$2.4M
Market Conditions
NOI Build-Up for 21,685 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
$325.3K $15.00/SF
− Vacancy
−$12.7K −$0.58/SF
EGI
$312.6K $14.42/SF
− OpEx
−$93.8K −$4.32/SF
NOI
$218.8K $10.09/SF
Area
Linn County, OR
Vacancy
3.89%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$4,376,700
Cap Rate 7%
$3,126,214
Cap Rate 9%
$2,431,500
Alternative Uses
Best Use
Retail
$4.76M
$4.16M – $5.55M
NOI $333,196 @ 7.0% cap · market cap 12.55%
Second Best
Industrial
$3.13M
$2.74M – $3.65M
NOI $218,835 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$6.32M
$5.53M – $7.37M
NOI $442,207 @ 7.0% cap · market cap 16.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,493
Businesses Nearby
49k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 41%
Beauty & Spa 2%
Starbucks
Dining
13,264 visits/mo
0.4 miles
7-Eleven
Shops & Services
6,906 visits/mo
0.4 miles
The Human Bean
Dining
6,708 visits/mo
0.4 miles
Chase Bank
Shops & Services
5,924 visits/mo
0.4 miles
KeyBank
Shops & Services
3,538 visits/mo
0.4 miles
Demographics for 97321, OR
30,291
Population
11,790
Households
2.6
Avg Household Size
41
Median Age
38%
College-Educated
96%
High-School Grad
69.1 sq mi
ZIP Area
438
Density / Sq Mi
$95,687
Median Household Income
$45,963
Median Earnings
$1,264
Median Rent
$442,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Industrial-zoned automotive property at 357 11th Ave SE in Albany, Oregon.
Where is this auto shop located?
The property is located at 357 11TH AVE SE Albany, OR.
What is the asking price?
The asking price for this property is $2,656,000.
What are key features of this property?
This property features: Gerber Collision & Glass auto shop; LI zoning; Located at 357 11th Ave SE, Albany, OR
