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    334 2Nd St Corvallis, OR 97333

    • Commercial real estate
    • 0.11 lot acres
    For Sale
    View listing
    $695,000
    Value Estimation
    Location Intelligence
    Property ID
    US71-0439960
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 334 2Nd St

    Lot size
    0.11 lot acres
    Zone code
    CMU-3
    Property type
    Commercial real estate
    APN
    12502AB02100
    APU
    12502AB02100

    Description

    This exceptional 20,000 square foot vacant storefront, located at 334 SW 2nd St in Corvallis, Oregon, presents a unique investment opportunity. Previously occupied by Gibb's Furniture, this four-story building boasts a prime location in the heart of Corvallis' bustling downtown business district. The property is situated in a Qualified Opportunity Zone, offering potential tax advantages. Ample parking is available with 12 spaces in the front lot and an additional 29 spaces in the rear, providing convenient access for customers and employees. The total exterior square footage is 20,992 square feet. This NNN-leased property offers significant potential for a variety of retail uses. Its strategic location places it within a half block of the post office, a museum, diverse dining options, and numerous shopping opportunities, ensuring high visibility and foot traffic. The building is currently vacant, allowing for immediate occupancy and customization to suit a new tenant's specific needs. This is a rare chance to acquire a substantial retail space in a thriving Oregon city. The asking price is $695,000. The property's zip code is 97333, and it is located in Benton County.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Corvallis
    County
    Benton
    State
    Oregon
    Longitude
    -123.262
    Latitude
    44.5615
    CBSA code
    18700
    CBSA name
    CORVALLIS, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,428
    $0.00
    $0.00
    $547,344
    -
    $343,530
    $378,340
    $721,870

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    334 2Nd St
    Corvallis, OR 97333
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    Realmo Value Estimation

    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.

    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.

    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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