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    720 Granger Ave Corvallis, OR 97330

    Sponsored
    For Sale
    $5,999,900

    Multi-tenant industrial complex, high NOI, seller financing.

    Property size:
    31,584 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents the Kammerer Industrial Park, a multi-tenant industrial complex ideally situated near Corvallis, Oregon. The property encompasses 22.4 acres and comprises eleven buildings totaling 31,584 to 40,000 square feet, currently housing ten tenants. The property's diverse zoning, including Rural Industrial and Exclusive Farm Use (EFU), offers significant expansion potential (subject to county approval). The current tenants provide a stable income stream, contributing to a strong Net Operating Income (NOI) of $389,754, resulting in a 6.5% capitalization rate. The property benefits from low operating expenses due to its location outside city limits, utilizing two wells for water and septic systems for bathroom facilities. Three-phase power (240 and 440 volts) is readily available. The property's eleven units are valued at $545,445.45 each, with an asking price of $5,999,900. The seller is motivated and willing to offer financing, proposing a starting point of 20% down, 6.5% interest, a 25-year amortization with a 5-year call option, but open to a 10-year call option as well. This presents a compelling opportunity for investors seeking a stable, income-generating asset with significant upside potential. The property's location, zoning, and seller financing options make it a truly unique and attractive investment. The APN is 042840. The address is 720 NE Granger Ave, Corvallis, OR 97330.

    Property Features for 720 Granger Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    31,584 SF
    Lot Size
    975,744 SF

    Building Details

    Buildings
    11
    Units
    11

    HighLights

    • Exceptional multi‑tenant industrial complex near Corvallis, OR.
    • 11 buildings totaling 31,584‑40,000 square feet on 22.4 acres, with 10 tenants.
    • Strong NOI of $389,754 and 6.5% capitalization rate.
    • Rural Industrial and Exclusive Farm Use zoning allows for expansion.
    • Seller financing available: 20% down, 6.5% interest, 25‑year amortization, 5 or 10‑year call option. Asking price: $5,999,900.
    Property Profile Location Intelligence

    Current Use by Public Records

    CNC Wood Cutters Promotional Products Supplier Pellucere Technologies Manufacturer Darryl Harms Surveyor Land Surveyor

    Suggested Use

    Auto Repair Shop Pharmacy Gym & Fitness Department Store Accounting Firm Storage Facility Bar & Pub Garden Center Furniture Store Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Corvallis
    County
    Benton
    State
    Oregon
    Longitude
    -123.2349566
    Latitude
    44.6275434

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    FAQs

    What type of property is this?
    Distribution property - Multi-tenant industrial complex, high NOI, seller financing.
    Where is this distribution property located?
    The property is located at 720 Granger Ave Corvallis, OR.
    What is the asking price?
    The asking price for this property is $5,999,900.
    What are key features of this property?
    This property features: Exceptional multi-tenant industrial complex near Corvallis, OR.; 11 buildings totaling 31,584-40,000 square feet on 22.4 acres, with 10 tenants.; Strong NOI of $389,754 and 6.5% capitalization rate.
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    720 Granger Ave 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
    720 Granger Ave Corvallis, OR 97330
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