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    Property profile & analytics

    1688 Central Ave Sutherlin, OR 97479-9451

    • Commercial real estate
    • 1,289 SF
    • 0.79 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1833831
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1688 Central Ave

    Year built
    1954
    Lot size
    0.79 lot acres
    Property size
    1,289 SF
    Property type
    Commercial real estate
    APN
    25-05W-19B-01900
    APU
    2505W19B01900

    Description

    This exceptional 8.78-acre commercial and industrial land parcel, located at 1688 W Central Ave, Sutherlin, Oregon (APN: R22040, R45873, R22032), presents a unique investment opportunity. Strategically positioned on a main Sutherlin development corridor, with high visibility from Interstate 5 (Exit 136), this property is zoned C3, offering a multitude of potential uses. The site's prime location provides easy access to major transportation routes, making it attractive for various businesses. Currently, the property includes a home and mobile home used as rental units. The seller is open to considering a built-to-suit development or a land lease agreement. Sutherlin, Oregon, boasts a thriving agricultural sector, renowned for its wineries and vineyards, and benefits from a mild climate and fertile farmland. The Umpqua River and Cooper Creek Reservoir offer recreational opportunities, while scenic Highway 138 provides access to stunning natural landscapes. This property's location, zoning, and flexibility make it an exceptional investment for developers and entrepreneurs seeking a high-visibility location in a growing community. The asking price is $2,200,000.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sutherlin
    County
    Douglas
    State
    Oregon
    Longitude
    -123.341
    Latitude
    43.3859
    CBSA code
    40700
    CBSA name
    ROSEBURG, OR MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,592
    $0.00
    $0.00
    $133,024
    -
    $423,956
    $19,593
    $443,549

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      Central Ave

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      0.21 Acres

      215 Central Ave

      COMMERCIAL (GENERAL) • 0.21 Acres
      215 Central Ave, Sutherlin, OR 97479-9145
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    • Value Estimation by Request
      0.13 Acres

      580 Central Ave

      COMMERCIAL (GENERAL) • 0.13 Acres
      580 Central Ave, Sutherlin, OR 97479-9532
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    • Value Estimation by Request
      0.19 Acres

      420 1st Ave

      COMMERCIAL (GENERAL) • 0.19 Acres
      420 1st Ave, Sutherlin, OR 97479-9424
      View Details
    • Value Estimation by Request
      1,340 SF

      356 Myrtle St

      COMMERCIAL (GENERAL) • 1,340 SF
      356 Myrtle St, Sutherlin, OR 97479-9493
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    • Value Estimation by Request
      4,000 SF

      1250 Page Ave

      COMMERCIAL (GENERAL) • 4,000 SF
      1250 Page Ave, Sutherlin, OR 97479-9452
      View Details

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    1688 Central Ave
    Sutherlin, OR 97479-9451
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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.

    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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