Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1464 Timber St Albany, OR 97322
    Back to Search
    Property profile & analytics

    1464 Timber St, Albany, OR 97322

    View on Map
    • Land
    • 20.74 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1464 Timber St

    Lot size
    20.74 lot acres
    Property type
    Land

    Description

    This exceptional 20.74-acre parcel presents a prime development opportunity in Albany, Oregon. Located in Linn County at 1464 Timber St SE, 97322, this flat land boasts convenient access to Interstate 5 (both North and South) and Highway 20, ensuring excellent connectivity. The property comprises five tax lots, zoned UGA-UGM-5, offering flexibility for various commercial and residential projects. Its strategic location near the Walmart Supercenter provides high visibility and potential synergy. The City of Albany has expressed interest in collaborating with developers on this site, and preliminary site development documents are available. This listing is for the entire 20.74-acre tract. The asking price is $4,706,017. Prospective buyers are responsible for conducting their own due diligence regarding intended use and feasibility studies. This is a rare opportunity to acquire a significant land holding in a rapidly growing area with strong infrastructure and community support. The property's size and zoning make it ideal for a variety of large-scale developments. Don't miss this chance to secure a valuable asset 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
    -123.054
    Latitude
    44.6276

    Comparable in this City

    • Value Estimation by Request
      3.00 Acres

      4055 Spicer Dr

      Multifamily properties
      4055 Spicer Dr, Albany, OR 97322
      View Details
    • Value Estimation by Request
      4,013 SF

      14Th Ave

      Shopping malls
      0 14Th Ave, Albany, OR 97322
      View Details
    • Value Estimation by Request
      0.03 Acres

      Albany, OR 97322

      APARTMENT HOUSE (5+ UNITS)
      Albany, OR 97322
      View Details
    • Value Estimation by Request
      3.70 Acres

      777 College Park SW Dr, Unit 13

      MOBILE HOME PARK, TRAILER PARK
      777 College Park SW Dr, Albany, OR 97322-8421
      View Details
    • Value Estimation
      $25,580,000
      80,728 SF

      1490 Geary SE Cir

      APARTMENT HOUSE (100+ UNITS)
      1490 Geary SE Cir, Albany, OR 97322-8550
      View Details
    • Value Estimation
      $5,900,000
      17,856 SF

      1539 Geary SE St

      APARTMENT HOUSE (5+ UNITS)
      1539 Geary SE St, Albany, OR 97322-6869
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Albany Land Available For Sale

      Land available for sale in Albany, Oregon.
      1040 24Th Ave 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
    • Contact for pricing
      3,456 SF

      Well-Maintained Albany Fourplex For Sale

      Desirable Albany 4-plex with solid rents and recent upgrades.
      920 SE 18Th Ave, Albany, OR 97322
      View Details
    • Contact for pricing
      3,456 SF

      Albany Fourplex with Recent Upgrades

      Well-maintained fourplex in Albany with strong rental income.
      910 SE 18Th Ave, Albany, OR 97322
      View Details
    • $410,000
      2,080 SF

      Albany Duplex with Large Backyard

      Two homes in one with room to grow!
      2522/2520 Main St SE, Albany, OR 97322
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in Albany, Oregon.
      14Th Ave SE, Albany, OR 97322
      View Details
    • Contact for pricing

      Prime Land Near Interstate 5

      1.75 acres of land with high visibility and accessibility.
      1052 Airport Rd Southeast, Albany, OR 97322
      View Details
    • Contact for pricing

      Interstate 5 Frontage Industrial Development

      68-acre industrial development with proposed 1,170,775 SF distribution facility.
      2910 Three Lakes Rd SE, Albany, OR 97322
      View Details
    • Contact for pricing

      Commercial Land Near I-5 Freeway

      1.19 acres of commercial land visible from I-5.
      1731 Fescue St SE, Albany, OR 97322
      View Details
    • Contact for pricing

      Prime Land Near Interstate 5

      1.75 acres of land with high visibility and accessibility.
      950 Airport Rd SE, 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
    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.
    1464 Timber St
    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
    1464 Timber St, 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!