Multi-Building Warehouse
New
For Sale
Contact for pricing
3783 Conser Rd NE, Albany, OR 97321
Three warehouse buildings combine leased space, grade-level loading, drive-through capability, and office areas.
Property Size14,823 SF
Price / SF$195.64
Days on Market5
Property Features for 3783 Conser Rd NE
General Information
Standard status
Active
Size
14,823 SF
Property subtype
INDUSTRIAL
Building Details
Buildings
3
Listing Agency:
Capacity Commercial Group
(503) 326-9000
Listed By:
Ryan Bowers
(503) 816-3925
Source:
Moodyscre
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 9 at 3:55PM
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
The property comprises three warehouse buildings totaling 14,823 square feet. Building A contains 6,038 SF of warehouse space leased to Pomp’s Tires, four grade doors with drive-through capability, and a 1,150 SF office. Building B provides 6,185 SF of warehouse area, two grade doors, and an 800 ASF modular office; it is also leased to Pomp’s Tires. Building C adds a 2,600 SF warehouse with two grade doors and drive-through capability, along with an owner/user opportunity identified in the property information.
Located at 3783 Conser Rd NE in Albany, Oregon, the offering combines multiple warehouse improvements with existing office components and varied loading configurations. The three-building layout provides separate operational areas within a single commercial property.
Located at 3783 Conser Rd NE in Albany, Oregon, the offering combines multiple warehouse improvements with existing office components and varied loading configurations. The three-building layout provides separate operational areas within a single commercial property.
Key Highlights
- 14,823‑square‑foot property across three warehouse buildings
- Building A: 6,038 SF warehouse, 1,150 SF office, and 4 grade doors
- Building B: 6,185 SF warehouse, 800 ASF modular office, and 2 grade doors
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
$181,641
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
6.26%
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%
$3,632,820
$3.6M
Cap Rate 7%
$2,594,871
$2.6M
Cap Rate 9%
$2,018,233
$2.0M
Market Conditions
NOI Build-Up for 14,823 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
$222.3K $15.00/SF
− Vacancy
−$8.6K −$0.58/SF
EGI
$213.7K $14.42/SF
− OpEx
−$32.1K −$2.16/SF
NOI
$181.6K $12.25/SF
Area
Linn County, OR
Vacancy
3.89%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
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%
$3,632,820
Cap Rate 7%
$2,594,871
Cap Rate 9%
$2,018,233
Alternative Uses
Best Use
Office B
$3.87M
$3.38M – $4.51M
NOI $270,763 @ 7.0% cap · market cap 9.34%
Second Best
Warehouse
$2.59M
$2.27M – $3.03M
NOI $181,641 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$4.32M
$3.78M – $5.04M
NOI $302,275 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Three warehouse buildings combine leased space, grade-level loading, drive-through capability, and office areas.
Where is this warehouse located?
The property is located at 3783 Conser Rd NE Albany, OR.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 14,823‑square‑foot property across three warehouse buildings; Building A: 6,038 SF warehouse, 1,150 SF office, and 4 grade doors; Building B: 6,185 SF warehouse, 800 ASF modular office, and 2 grade doors
