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Property profile & analytics
OFF-MARKET
Office Spaces

17Th Ave Albany, OR 97322

2,545 SF 0.22 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Total area 2,545 SF
Lot 0.22 ac (9,583 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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