17Th Ave Albany, OR 97322
This exceptional 2,545 square foot Craftsman-style office building, constructed in 2015, presents a unique investment opportunity in Albany, Oregon. Situated on a 0.22-acre lot, the property boasts a prime location at 17th SE. The building is currently divided into two suites. Suite 102 is occupied by Edward Jones under a triple-net (NNN) lease with a built-in 2% annual rent increase. Suite 101 is currently vacant but is also available for lease on a NNN basis, offering immediate income potential for a new tenant. This presents an excellent opportunity for an owner-user to occupy the high-quality space while simultaneously benefiting from the consistent rental income generated by the existing tenant. The building's meticulous craftsmanship and desirable location make it a rare "pride of ownership" investment in this market. The asking price for this exceptional property is $825,000. The current lease agreement in place provides a stable income stream, making this an attractive proposition for investors seeking a blend of occupancy and rental income. The vacant suite offers flexibility for expansion or additional rental income. This is a truly exceptional opportunity to acquire a high-quality, income-producing office building in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.