Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    17Th Ave Albany, OR 97322

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17Th Ave Albany, OR 97322

    View on Map
    • Office properties & Spaces
    • 2,545 SF
    • 0.22 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 17Th Ave

    Lot size
    0.22 lot acres
    Property size
    2,545 SF
    Property type
    Office properties & Spaces

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.083
    Latitude
    44.6259

    Comparable in this City

    • Value Estimation by Request
      96 SF

      Albany, OR 97322

      OFFICE (GENERAL) • 96 SF
      Albany, OR 97322
      View Details
    • Value Estimation by Request
      1,936 SF

      2320 14th SE Ave

      OFFICE (GENERAL) • 1,936 SF
      2320 14th SE Ave, Albany, OR 97322-6800
      View Details
    • Value Estimation by Request
      1,536 SF

      37949 Century NE Dr

      OFFICE (GENERAL) • 1,536 SF
      37949 Century NE Dr, Albany, OR 97322-7461
      View Details
    • Value Estimation by Request
      3,000 SF

      1701 Geary SE St

      OFFICE (GENERAL) • 3,000 SF
      1701 Geary SE St, Albany, OR 97322-6843
      View Details
    • Value Estimation
      $575,000
      4,348 SF

      1050 Price SE Rd

      OFFICE (GENERAL) • 4,348 SF
      1050 Price SE Rd, Albany, OR 97322-7314
      View Details
    • Value Estimation
      $750,000
      5,698 SF

      3400 Spicer SE Dr

      OFFICE (GENERAL) • 5,698 SF
      3400 Spicer SE Dr, Albany, OR 97322-7038
      View Details

    Similar Nearby for Sale

    • $3,525,000

      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
    • $1,900,000
      3.00 Acres

      Three One-Acre Development Lots

      Three one-acre lots suitable for residential development in Albany, Oregon.
      4055 SE Spicer Dr, Albany, OR 97322
      View Details
    • $2,744,280

      Albany Industrial Land Opportunity

      Approximately 14 acres of industrial land for sale in Albany.
      525 25Th Ave SW, Albany, OR 97322
      View Details
    • Contact for pricing
      39,250 SF

      Albany Retail Property For Sale

      Retail property available for purchase in Albany, Oregon.
      1852 Fescue St SE, Albany, OR 97322
      View Details
    • Contact for pricing

      Land For Sale Albany, OR

      Land available for purchase in Albany, Oregon.
      2027 Fescue St SE, Albany, OR 97322
      View Details
    • $174,900
      17,859 SF

      Commercial Land on Highway 226

      Commercial land available in Linn County with high traffic visibility.
      36270 Highway 226, Albany, OR 97322
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      4,193 SF

      Medical/Office Building For Lease

      Medical/office building available for lease.
      1390 Southeast Waverly Dr, Albany, OR 97322
      View Details
    • Contact for pricing
      4,013 SF

      Retail Space Near Heritage Mall

      Retail space adjacent to Heritage Mall, Albany, Oregon.
      1290 SE Geary St, Albany, OR 97322
      View Details
    • Contact for pricing
      33,270 SF

      Albany Retail Anchor Opportunity

      33,270 SF anchor space with national co-tenants.
      2000 14Th Ave SE, Albany, OR 97322
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available, ranging from 566 to 67,968 square feet.
      1895 14Th Ave SE, Albany, OR 97322
      View Details
    • Contact for pricing
      11,000 SF

      Albany Warehouse/Office Building For Rent

      11,000 SF warehouse/office building on 2.16 acres.
      3650 Marion St SE, Albany, OR 97322
      View Details
    • $9,779 /Mo
      10,137 SF

      Remodeled Industrial Warehouse with Yard

      10,137 SF industrial suite with office and warehouse space.
      1210 Jackson St SE, Albany, OR 97322
      View Details
    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.
    17Th Ave
    Albany, OR 97322
    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

    Thank You for Inquiry

    17Th Ave, Albany, OR, 97322

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!