Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2910 Three Lakes Rd SE Albany, OR 97322

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    68-acre industrial development with proposed 1,170,775 SF distribution facility.

    Type:Industrial
    Property size:
    1,170,775 SF
    Lot size:
    68.00 Acres
    Added:
    Apr 4, 2024
    Days on Market:
    745
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 2910 Three Lakes Rd SE

    General Information

    Standard status
    Active
    Size
    1,170,775 SF
    Lot size
    68.00 Acres
    Property subtype
    Industrial

    Spaces For Lease

    at 2910 Three Lakes Rd SE Contact us

    We can help!

    Listing Contact
    Joe Kappler
    Joe Kappler

    Listing agent Joe Kappler License #OR 200605069

    Listing office Macadam Forbes

    Listing date Apr 4, 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 Macadam Forbes

    Overview

    Interstate 5 Frontage Industrial Development

    This industrial development opportunity features over 68 acres with a proposed 1,170,775 square feet distribution facility. The planned development includes 797 automotive parking spaces and 250 trailer stalls. It also features 221 dock doors with loading from 3 sides. Column spacing runs 60 feet from east to west and 56 feet from north to south. The building will be 600 feet at its widest part, and the length will span 2,024 feet long with 36 feet clear height. The project will have four points of ingress/egress and is located just 0.6 miles from the Interstate 5 on ramp/off ramp (exit 233).
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.0588552
    Latitude
    44.6150527

    Nearby Similar for Lease

    • $11/mo

      Medical/Office Building For Lease

      Medical/office building available for lease.
      1390 Southeast Waverly Drive, Albany, OR, 97322
      View Details
    • Contact for pricing

      Industrial Warehouse/Office Space Available

      4,000 SF industrial warehouse/office space for lease.
      1170 Anderson Pl SE, Albany, OR
      View Details
    • $18/mo

      Retail Suites in Heritage Plaza

      Retail/office suites available in well-located Albany shopping center.
      2306 Heritage Way SE, Albany, OR
      View Details
    • $0.80/mo

      Albany Warehouse/Office Building For Rent

      11,000 SF warehouse/office building on 2.16 acres.
      3650 Marion St SE, Albany, OR
      View Details
    • Contact for pricing

      Remodeled Industrial Warehouse with Yard

      10,137 SF industrial suite with office and warehouse space.
      1210 Jackson St SE, Albany, OR
      View Details
    • Contact for pricing

      Prime Land Near Interstate 5

      1.75 acres of land with high visibility and accessibility.
      950 Airport Rd SE, Albany, OR
      View Details
    • Contact for pricing

      Albany Retail Anchor Opportunity

      33,270 SF anchor space with national co-tenants.
      2000 14th Ave SE, Albany, OR
      View Details
    • $0.99/mo

      Albany Warehouse with Fenced Yard

      6,000 SF warehouse on 1.99 acres, fully fenced.
      30659 OR-34, Albany, OR
      View Details
    • Contact for pricing

      Prime Land Near Interstate 5

      1.75 acres of land with high visibility and accessibility.
      1052 Airport Road Southeast, Albany, OR
      View Details
    • Contact for pricing

      Retail Space in Albany, Oregon

      Retail space available for lease in Albany, Oregon.
      320 Ellsworth St SW, Albany, OR
      View Details
    • Contact for pricing

      Class B Office Space Available

      3,855 RSF office space for rent, ample parking.
      804-808 Old Salem Rd NE, Albany, OR
      View Details
    • Contact for pricing

      Warehouse Spaces Near Highway 34

      Two warehouse spaces available between Corvallis and I-5.
      33976 Texas St SW, Albany, OR 97321
      View Details

    FAQs

    What type of property is this?
    Distribution center - 68-acre industrial development with proposed 1,170,775 SF distribution facility.
    Where is this distribution center located?
    The property is located at 2910 Three Lakes Rd SE Albany, OR.
    What are key features of this property?
    This property features: Interstate 5 frontage on over 68 acres.; Proposed **1,170,775 square feet distribution facility.**; **221 dock doors with loading from 3 sides.**
    (503) 972-7294 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joe Kappler
    Joe Kappler
    Real Estate License ID: OR 200605069
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!