3615 Spicer DrAlbany, OR 97322

Property Details for 3615 Spicer Dr

Year built

1966

Lot size

1.44 AC

Property size (Sq ft)

3,992 SF

Property type

Office properties

Property subtype

Other office properties

APN

11S 03W 09D 01701

APU

11S03W09D01701

Description

This exceptional 3,992 square foot ground-level office suite in Albany, Oregon, is available for immediate occupancy. Located at 3615 Spicer Dr SE, 97322, in Linn County, this single-tenant space is ideal for a variety of uses. The building currently houses a compatible rehabilitation and therapy center, making it a particularly attractive option for similar businesses. The existing zoning is a combination of Urban Growth Mgmt 5 Acre Minimum (UGM-5) and Urban Growth Area-Rural Residential-1 (UGA-RR-1), with a conditional use permit already in place for rehabilitation and therapy services. Please note that daycare providers are not currently permitted on the site. The property offers a flexible layout suitable for traditional office, medical office, or creative office uses. The lease rate is $1.25 per square foot per month, NNN. This presents a unique opportunity to secure a well-located, readily available office space in a thriving community. The property's location provides convenient access to local amenities and transportation routes. Interested parties should inquire promptly to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $784,743

  6.5%

  $724,378

  7%

  $672,637

• Comparable approach

  Method

  Valuation

  Relative Method

  $672,325

  Geo Method

  $1,022,870

• Alternative Use

  Use

  Valuation

  Residential

  $898,229

  Hospitality

  $822,773

  Educational

  $684,538

  Medical

  $708,080

  Retail

  $1,064,836

Location Insight

City

Albany

County

Linn

State

Oregon

Latitude

44.6277

Longitude

-123.055

CBSA code

10540

CBSA name

ALBANY-LEBANON, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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