Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Corvallis, OR 97333

    Property Lookup

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

    Corvallis, OR 97333

    View on Map
    • Office properties & Spaces
    • 0.16 lot acres
    For Sale
    $520,000
    View Listing →
    Corvallis Office Building - Great Investment For Sale
    $520,000

    Corvallis Office Building - Great Investment

    Prime Corvallis location, 0.16-acre lot, $520,000.

    Corvallis, OR 97333
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details

    Lot size
    0.16 lot acres
    Property type
    Office properties & Spaces

    Description

    This exceptional investment opportunity presents a freestanding office building situated in the desirable SW Western area of Corvallis, Oregon. The property encompasses a generous 0.16-acre lot, offering ample space and potential for future development or expansion. Priced competitively at $520,000, this property represents a strong value proposition in the current market. While the exact square footage is currently unavailable, the building's size and location make it an attractive option for a variety of businesses. Its strategic placement within Corvallis ensures convenient access to major transportation routes, local amenities, and a thriving business community. The property's current configuration and potential for customization provide flexibility for a range of uses, making it an ideal investment for both established businesses and entrepreneurs seeking a prime location to establish their operations. Further details regarding the building's interior layout, specifications, and potential uses can be obtained through the provided marketing brochure. This is a rare opportunity to acquire a well-positioned commercial property in a highly sought-after area of Corvallis. Serious inquiries are encouraged to explore this promising investment prospect further. Don't miss out on this chance to secure a valuable asset in a dynamic and growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Corvallis
    County
    Benton
    State
    Oregon
    Longitude
    -123.262
    Latitude
    44.559

    Comparable in this City

    • Value Estimation
      $2,655,000
      19,491 SF

      501 Madison Ave

      OFFICE (GENERAL) • 19,491 SF
      501 Madison Ave, Corvallis, OR 97333-4601
      View Details
    • Value Estimation
      $16,080,000
      67,923 SF

      4800 Research Way

      OFFICE (GENERAL) • 67,923 SF
      4800 Research Way, Corvallis, OR 97333-1099
      View Details
    • Value Estimation
      $9,075,000
      38,340 SF

      4077 Research Way

      OFFICE (GENERAL) • 38,340 SF
      4077 Research Way, Corvallis, OR 97333-1065
      View Details
    • Value Estimation by Request
      1,335 SF

      136 Washington Ave Ste, Unit 201

      OFFICE (GENERAL) • 1,335 SF
      136 Washington Ave Ste, Corvallis, OR 97333-4875
      View Details
    • Value Estimation by Request
      1,500 SF

      687 15th St

      OFFICE (GENERAL) • 1,500 SF
      687 15th St, Corvallis, OR 97333-4840
      View Details
    • Value Estimation
      $820,000
      4,141 SF

      104 2nd St

      OFFICE (GENERAL) • 4,141 SF
      104 2nd St, Corvallis, OR 97333-4716
      View Details

    Similar Nearby for Sale

    • $520,000
      0.16 Acres

      Corvallis Office Building - Great Investment

      Prime Corvallis location, 0.16-acre lot, $520,000.
      Corvallis, OR 97333
      View Details
    • Contact for pricing
      20,992 SF

      Downtown Corvallis Commercial Building For Sale

      Four-story retail building in downtown Corvallis, excellent investment opportunity.
      334 SW 2Nd St, Corvallis, OR 97333
      View Details
    • $610,000

      Downtown Corvallis Multi-Tenant Office

      Multi-tenant office building in downtown Corvallis with parking.
      518 SW 3Rd St, Corvallis, OR 97333
      View Details
    • $180,000
      2,615 SF

      Established Corvallis Restaurant Business

      Turnkey Restaurant, High Traffic Area
      1585 53Rd St, Corvallis, OR 97333
      View Details
    • Contact for pricing

      South Corvallis Commercial Land Available

      Highly accessible land in South Corvallis near OR 99W.
      250-266 Southwest Cummings Ave, Corvallis, OR 97333
      View Details
    • Contact for pricing

      65 Acres Industrial Land Opportunity

      65 acres of industrial land near Corvallis with highway frontage.
      Benton County, Corvallis, OR 97333
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Office Space For Rent

      Well-located downtown office space with multiple private offices.
      128 SW 3Rd St, Corvallis, OR 97333
      View Details
    • $2 SF/Yr

      Adaptable Workspace in Corvallis, Oregon

      Modern commercial space with amenities near Oregon State University campus.
      4238 SW Research Way, Corvallis, OR 97333
      View Details
    • Contact for pricing
      1,020 SF

      Retail Space in Corvallis Center

      Retail space available in neighborhood shopping center near Oregon State.
      5010 SW Philomath Blvd, Corvallis, OR 97333
      View Details
    • Contact for pricing
      2,127 SF

      Retail Space in Corvallis Center

      Neighborhood shopping center anchored by Safeway and BiMart.
      5216-5280 Philomath Blvd, Corvallis, OR 97333
      View Details
    • Contact for pricing

      Retail Space Near Oregon State

      Retail space for lease in Corvallis near Oregon State.
      1555 SW 53Rd St, Corvallis, OR 97333
      View Details
    • $8 SF/Yr
      4,696 SF

      Corvallis Retail Gym Space

      Prime Downtown Corvallis Gym/Retail
      320 2Nd St, Corvallis, OR 97333
      View Details
    View Listing
    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.
    Corvallis, OR 97333
    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

    Corvallis, OR, 97333

    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!