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Downtown Medical Office Building
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909-919 SW Elm St, Albany, OR 97321

Well-maintained medical office with month-to-month leases and an office layout suited for professional services.

Property SizeContact for details
Days on Market121

Property Features for 909-919 SW Elm St

General Information

Standard status Active
Property subtype Office

Additional Details

Cap Rate 5%
Listing Agency: SVN Imbrie Realty
Listed By: Bjorn Beer · License #OR# 201236666
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 3:22PM

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 SVN Imbrie Realty

Investment Insights

Based on property information with market context.

This well-maintained downtown Albany medical office property offers a layout that can support medical use and is also described as ideal for lawyers and other professional services. The seller notes current office vacancies are low, and the existing leases are month-to-month. The seller has kept the property unreleased to allow for owner-user purchase of the space.

The property is located at 909-919 SW Elm St, Albany, OR 97321, near the hospital and other medical offices.

According to the seller, the return metrics are 5% on actuals and 7% using conservative market rent assumptions, and the seller’s review of market leases suggests an investor could convert leases to NNN to bring the cap rate into a higher range.

Key Highlights

  • Well‑maintained downtown Albany medical office near the hospital and other medical offices
  • Office layout suited for lawyers and other professional services
  • Low office vacancies with month‑to‑month leases

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick HVAC Service Pharmacy (Bike/Boat/Book/etc) Store Catering Service Acupuncture Butcher

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

Location Intelligence

Trade Area within ½ mile

787
Businesses Nearby
Balanced
Demand for This Use

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

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Well-maintained medical office with month-to-month leases and an office layout suited for professional services.
Where is this medical office space located?
The property is located at 909-919 SW Elm St Albany, OR.
What are key features of this property?
This property features: Well‑maintained downtown Albany medical office near the hospital and other medical offices; Office layout suited for lawyers and other professional services; Low office vacancies with month‑to‑month leases
(503) 208-9403 Call to check price and availability
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