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

    Lots 0770318 0777524 R320157 Texas Street Southwest Albany, OR 97321

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,866,000

    26.32 AC industrial/commercial land near Highway 34 and I-5.

    Type:Land
    Property size:
    26 SF
    Lot size:
    26.32 Acres
    Added:
    Jan 26, 2026
    Days on Market:
    65
    Last Refresh:
    Mar 25 at 8:58 pm

    Property Features for Lots 0770318 0777524 R320157 Texas Street Southwest

    General Information

    Standard status
    Active
    Size
    26 SF
    Lot size
    26.32 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Dave Ellis
    Dave Ellis

    Listing agent Dave Ellis

    Listing office Capacity Commercial Group

    Listing date Jan 26, 2026

    Source Corfac

    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 Capacity Commercial Group

    Overview

    Albany Commercial Development Opportunity

    This industrial or commercial development opportunity consists of three tax lots totaling approximately 26.32 acres (approximately 1,146,500 square feet). Lot A is approximately 7.01 acres, Lot B is approximately 10.55 acres, and Lot C is approximately 8.76 acres. The zoning is County-UD-II (Urban Development), allowing for warehousing and distribution, commercial sales, self-storage, auto repair, and more. The property is adjacent to Highway 34 and approximately 4.8 miles from Corvallis, offering quick access to I-5. The site features an asphalt road stubbed through with a turnaround.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.03
    Latitude
    44.5604

    Nearby Similar for Sale

    • $575,000
      3,027 SF

      Albany Triplex with Garages

      South Albany triplex featuring garages, yards, and modern amenities.
      3426 Marion (1,2,3) St SE, Albany, OR 97322
      View Details
    • $950,000
      8,900 SF

      Historic Church with Flexible Space

      8,900 sqft historic church suitable for ministry or community programs.
      1099 SW Queen Av, Albany, OR 97321
      View Details
    • $599,000
      7,264 SF

      Historical Downtown Retail Building

      Glass front retail building in historical downtown Albany, Oregon.
      424 1st (-426) Av SW, Albany, OR 97321
      View Details
    • $945,000

      Albany Commercial Redevelopment Opportunity

      One-acre commercial land with redevelopment potential in Albany, Oregon.
      6123 Pacific Bl SW, Albany, OR 97321
      View Details
    • $410,000
      2,080 SF

      Albany Duplex with Large Backyard

      Two homes in one with room to grow!
      2522/2520 Main St SE, Albany, OR 97322
      View Details
    • $370,000
      1,860 SF

      Albany Duplex: Investment Opportunity

      Well-maintained duplex in Albany's Opportunity Zone with long-term tenants.
      3711-3713 Earl Av NE, Albany, OR 97322
      View Details
    • $259,000

      Albany Land Development Opportunity

      Development opportunity with utilities available in Albany, Oregon.
      370 BURKHART St, Albany, OR 97321
      View Details
    • $370,000
      1,860 SF

      Albany Duplex Investment Opportunity

      Well-maintained duplex in Albany's Opportunity Zone with long-term tenants.
      3711 Earl Ave NE, Albany, OR 97322
      View Details
    • $495,000

      Albany Development Site For Sale

      4.77 acre development site in Albany's growing south side.
      1132 ELLINGSON Rd, Albany, OR 97322
      View Details
    • $3,525,000
      24,260 SF

      Light Industrial Building Investment Opportunity

      Class A light industrial building with long-term tenant, great location.
      1913-1957 Fescue St SE, Albany, OR 97322
      View Details
    • $970,000
      8,472 SF

      High Visibility Retail/Office Space

      8,000+ SF retail/office on corner lot in Albany.
      2501 Pacific Blvd SE, Albany, OR
      View Details
    • $850,000
      6,854 SF

      Remodeled Multi-Tenant Albany Investment Property

      Turnkey investment opportunity in downtown Albany, Oregon with long-term tenants.
      214 2nd Ave SW, Albany, OR
      View Details

    FAQs

    What type of property is this?
    Commercial land - 26.32 AC industrial/commercial land near Highway 34 and I-5.
    Where is this commercial land located?
    The property is located at Lots 0770318 0777524 R320157 Texas Street Southwest Albany, OR.
    What is the asking price?
    The asking price for this property is $2,866,000.
    What are key features of this property?
    This property features: **Prime ±26.32 AC (±1,146,500 SF) of land** zoned for Urban Development (UD‑II).; Zoning allows for a wide range of uses including warehousing, distribution, commercial sales, self‑storage, and auto repair.; Three tax lots offer flexibility in development.
    (503) 517-9871
    We can help!
    Listing Contact
    Dave Ellis
    Dave Ellis
    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!