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    2301 NW Kings Blvd Corvallis, OR 97330

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    Largest retail center in Corvallis, near Oregon State University.

    Type:Retail, Land, Restaurant
    Property size:
    200,566 SF
    Added:
    Mar 18, 2024
    Days on Market:
    762
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 2301 NW Kings Blvd

    General Information

    Standard status
    Active
    Size
    200,566 SF
    Property subtype
    Retail, Land, Restaurant

    Spaces For Lease

    at 2301 NW Kings Blvd Contact us

    Space 2315 $17 /Mo

    Size
    1,120 SF
    Type
    Retail, Land, Restaurant
    Located between GNC and Nirvana Restaurant
    Contact us

    Space 2401 $17 /Mo

    Size
    2,440 SF
    Type
    Retail, Land, Restaurant
    Open layout with office and storage room
    Contact us

    Space 2393 $17 /Mo

    Size
    1,400 SF
    Type
    Retail, Land, Restaurant
    Former salon with private office and storage room
    Contact us

    Space 2467 $17 /Mo

    Size
    5,057 SF
    Type
    Retail, Land, Restaurant
    Open layout with expansive window line and storage room
    Contact us

    Space 2409 $17 /Mo

    Size
    5,575 SF
    Type
    Retail, Land, Restaurant
    Open layout with multiple dressing rooms. Office and storage area.
    Contact us
    Show more

    We can help!

    Listing Contact
    Bill Newland
    Bill Newland

    Listing agent Bill Newland License #OR 200812038

    Listing office Campbell Commercial Real Estate

    Listing date Mar 18, 2024

    Source Crexi

    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 Campbell Commercial Real Estate

    Overview

    Retail Center in Corvallis Market

    Timberhill Shopping Center is a retail center located on the north side of Corvallis, approximately 3 miles from Oregon State University and 1 mile from NW 9th Street and Hwy 99. It is adjacent to the medical and dental buildings along Walnut Blvd and NW Kings Blvd. The center is anchored by WinCo Foods, PetCo, Ace Hardware, Club Thrift, and Ross Dress for Less. It features 200,566 square feet of retail space occupied by national and local tenants.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • King's Boulevard Shopping Center — 916 NW Kings Blvd, Corvallis, OR 97330
    • Kings Circle Shopping Center — 1965 NW Kings Blvd, Corvallis, OR 97330
    • Coinstar Kiosk | Bitcoin ATM — 2335 NW Kings Blvd WinCo, Corvallis, OR 97330

    Location Insight

    • Map
    • Local Demand
    City
    Corvallis
    County
    Benton
    State
    Oregon
    Longitude
    -123.274345
    Latitude
    44.590945

    Nearby Similar for Lease

    • $2/mo

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      Corvallis Medical/Office Space Available

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      HP Campus Office Space

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      Retail Space in Corvallis Center

      Retail space available in neighborhood shopping center near Oregon State.
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      Retail Space in Corvallis Center

      Retail space available in renovated Corvallis shopping center.
      922-948 NW Circle Blvd, Corvallis, OR
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      Office and Lab Space Available

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      Retail Space on Highway 99

      Highly visible retail spaces available on Corvallis' main commercial arterial.
      1895 NW 9th St, Corvallis, OR 97330
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    • $17/mo

      Retail Space in Corvallis Center

      Retail space available in Corvallis's largest shopping center.
      2301-2543 NW Kings Blvd, Corvallis, OR
      View Details
    • Contact for pricing

      Flex Space Near Corvallis

      Flex space available for rent just outside of Corvallis.
      33919 SE Eastgate Cir, Corvallis, OR 97333
      View Details
    • Contact for pricing

      Retail Space Near Oregon State

      Retail space for lease in Corvallis near Oregon State.
      1555 SW 53rd Street, Corvallis, OR 97333
      View Details
    • Contact for pricing

      Professional Suburban Office Space

      Office space for rent with on-site parking.
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    FAQs

    What type of property is this?
    Shopping center - Largest retail center in Corvallis, near Oregon State University.
    Where is this shopping center located?
    The property is located at 2301 NW Kings Blvd Corvallis, OR.
    What are key features of this property?
    This property features: Largest retail center in the Corvallis market.; Anchored by WinCo Foods, PetCo, Ace Hardware, Club Thrift, and Ross Dress for Less.; Prime location on the north side of Corvallis.
    (541) 484-2214 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bill Newland
    Bill Newland
    Real Estate License ID: OR 200812038
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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