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    1801 14Th Ave Albany, OR 97322

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • America's Best Contacts & Eyeglasses / Physician
    • Albany Discount Porta Potty Rental / Building Supply

    Property Details for 1801 14Th Ave

    Property type
    Retail properties

    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
    44.629

    Comparable in this City

    • Value Estimation by Request
      3,056 SF

      3522 Dunlap NE Ave

      NURSERY, GREENHOUSE, FLORIST • 3,056 SF
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    • Value Estimation by Request
      2,500 SF

      420 Queen SW Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,500 SF
      420 Queen SW Ave, Albany, OR 97322-3311
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    • Value Estimation by Request
      6,000 SF

      14th St & Waverly Dr

      Retail properties • 6,000 SF
      14th St & Waverly Dr, Albany, OR 97322
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    • Value Estimation by Request
      10,704 SF

      2860 Santiam SE Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 10,704 SF
      2860 Santiam SE Hwy, Albany, OR 97322-5253
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    • Value Estimation by Request
      9,900 SF

      1282 Commercial SE Way

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 9,900 SF
      1282 Commercial SE Way, Albany, OR 97322-7036
      View Details
    • Value Estimation by Request
      407,754 SF

      1895 14Th Ave

      Retail properties • 407,754 SF
      1895 14Th Ave, Albany, OR 97322
      View Details

    Similar Nearby for Sale

    • $5,887,500
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      Albany Retail Property For Sale

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      Chipotle Corporate Lease Opportunity

      Corporate Chipotle lease with rental increases in top Oregon mall.
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    • $1,350,000
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      Three Acre Development Opportunity

      Three one-acre lots suitable for residential development.
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    • $2,744,280
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      Albany Industrial Land Opportunity

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    • $3,525,000
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      Light Industrial Building Investment

      Class A building with long-term tenant and highway visibility.
      1913-1957 Fescue St SE, Albany, OR 97322
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    • Contact for pricing

      20-Acre Land Near Developments

      20.03 acres of land adjacent to city limits.
      312 Ellingson Rd SW, Albany, OR 97322
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    Similar Nearby for Lease

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      6,000 SF

      Albany Retail Plaza Opportunity

      High-visibility retail space in prime Albany location.
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      407,754 SF

      Heritage Mall Retail Space in Albany, OR

      Prime Albany retail space, multiple units available.
      1895 14Th Ave, Albany, OR 97322
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      Retail Space Near Heritage Mall

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      33,270 SF

      Albany Retail Anchor Opportunity

      33,270 SF anchor space with national co-tenants.
      2000 14Th Ave SE, Albany, OR 97322
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      Retail Space Near Interstate 5

      Retail space located near Interstate 5 and major retailers.
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      4,013 SF

      Albany Retail Space For Lease

      Prime Albany retail space, 4,013 sq ft.
      0 14Th Ave, Albany, OR 97322
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    1801 14Th Ave
    Albany, OR 97322
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    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
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