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    2165 Professional Dr Corvallis, OR 97330

    Sponsored
    For Sale
    $2,000,000

    Prime Corvallis Office Building, High ROI Potential

    Property size:
    7,070 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A, 7,070 square foot executive office building, located at 2165 NW Professional Dr, Corvallis, OR 97330, presents a compelling investment opportunity. The property, constructed in 2005 and situated within the Walnut Professional Center, boasts a desirable PA-O (Professional Administrative Office) zoning. The building features two units, with the ground floor currently leased under a NNN lease to a single tenant since September 2007, with the lease expiring August 31, 2027 (approximately 2.8 years remaining). The net rentable area is 5,974 square feet, with a current occupancy rate of 51%. The asking price is $2,000,000, translating to a price per square foot of $282.89. The building is a two-story structure and includes shared project parking. Its convenient location offers proximity to shopping and burgeoning residential areas. Rent bumps are included in the lease agreement, and the lease offers options for terms ranging from one to five years. This property represents a strong investment opportunity in a thriving Corvallis location. The building's existing tenancy provides immediate cash flow, while the remaining lease term and potential for future lease increases offer significant long-term value. The strategic location within the Walnut Professional Center, alongside other professional office spaces, ensures a stable and desirable environment for tenants.

    Property Features for 2165 Professional Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,070 SF
    Class
    A

    Building Details

    Year Built
    2005
    Stories
    2
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Anderson Group CPAs, ... Tax Preparation Service Commercial Lending Corvallis OR Mortgage Lender Chapman Alyce S ... Accountant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Corvallis
    County
    Benton
    State
    Oregon
    Longitude
    -123.2775528
    Latitude
    44.5915115

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Corvallis Office Building, High ROI Potential
    Where is this office property / space located?
    The property is located at 2165 Professional Dr Corvallis, OR.
    What is the asking price?
    The asking price for this property is $2,000,000.
    (541) 754-6320
    Request Owner's contact information
    2165 Professional Dr Corvallis, OR 97330
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    Corvallis, OR 97330
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    Realmo Value Estimation

    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.

    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.

    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
    2165 Professional Dr Corvallis, OR 97330
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