Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Philomath, OR 97370

    Property Lookup

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

    Philomath, OR 97370

    View on Map
    • Industrial properties
    • 4,440 SF
    • 1.31 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details

    Lot size
    1.31 lot acres
    Property size
    4,440 SF
    Property type
    Industrial properties

    Description

    This exceptional 4,440-square-foot industrial property in Philomath, Oregon, presents a unique investment opportunity. Situated on a spacious 1.31-acre lot, this light industrially zoned building offers a versatile layout ideal for a variety of businesses. Previously used as a trucking operation, the property boasts a substantial shop area with a durable concrete floor and two large bay doors allowing for convenient drive-through access. The well-maintained building also includes dedicated office space, perfect for administrative functions, and a second-level apartment, providing additional flexibility for owners or employees. Ample storage space is integrated throughout the building, catering to diverse operational needs. The property's strategic location just off Philomath Boulevard/Highway 20 ensures easy access to the Willamette Valley and the Oregon Coast, providing excellent connectivity for regional and statewide operations. This property is ready for immediate occupancy and offers a compelling combination of size, functionality, and location. The asking price is $1,600,000. Serious inquiries are encouraged to schedule a viewing and explore the potential of this exceptional industrial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Philomath
    County
    Benton
    State
    Oregon
    Longitude
    -123.374
    Latitude
    44.5399

    Comparable in this City

    • Value Estimation by Request
      19.64 Acres

      24808 Alsea Hwy

      MULTI-TENANT INDUSTRIAL BUILDING • 19.64 Acres
      24808 Alsea Hwy, Philomath, OR 97370-2009
      View Details
    • Value Estimation by Request

      23888 Hwy 20

      INDUSTRIAL (GENERAL)
      23888 Hwy 20, Philomath, OR 97370-9616
      View Details
    • Value Estimation by Request
      15.21 Acres

      23888 Hwy 20

      INDUSTRIAL (GENERAL) • 15.21 Acres
      23888 Hwy 20, Philomath, OR 97370-9616
      View Details
    • Value Estimation by Request
      800 SF

      34930 Wren Rd

      INDUSTRIAL (GENERAL) • 800 SF
      34930 Wren Rd, Philomath, OR 97370-9755
      View Details
    • Value Estimation by Request
      6.69 Acres

      351 15th St

      MULTI-TENANT INDUSTRIAL BUILDING • 6.69 Acres
      351 15th St, Philomath, OR 97370-2040
      View Details
    • Value Estimation by Request

      1800 Industrial Way

      MULTI-TENANT INDUSTRIAL BUILDING
      1800 Industrial Way, Philomath, OR 97370-9502
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,500 SF

      Industrial Warehouse Distribution Building

      23,500 SF industrial warehouse on 4.87 acres for lease.
      1731 Industrial Way, Philomath, OR 97370
      View Details
    • $1,150,000

      Philomath Industrial Building For Sale

      4440 SF heated industrial building with fenced 1.31 acres.
      220 S 9Th St, Philomath, OR 97370
      View Details
    • $1,550,000

      Industrial Property with Office Space

      Industrial building with shop, office, and drive-through convenience.
      310 S 9Th St, Philomath, OR 97370
      View Details
    • $275,000
      7.80 Acres

      Wooded Land in Marys River

      Building lot with waterfall, creek, and mature trees.
      7 Iris Cir, Philomath, OR 97370
      View Details
    • Contact for pricing

      Productive Grass Seed Farm

      148 square foot farm for sale in Philomath, Oregon.
      23380 Hoskins Rd, Philomath, OR 97370
      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.
    Philomath, OR 97370
    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
    Philomath, OR, 97370
    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!