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    515 Western Blvd Corvallis, OR 97333

    • Office Properties & Spaces
    • 3,318 SF
    • 0.16 lot acres
    For Sale
    View listing
    $619,000
    Value Estimation
    Location Intelligence
    Property ID
    US71-0029488
    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

    • Office Properties & Spaces

    Property Details for 515 Western Blvd

    Year built
    1981
    Lot size
    0.16 lot acres
    Property size
    3,318 SF
    Zone code
    RS-12
    Property type
    Office Properties & Spaces
    APN
    12502BA09800
    APU
    12502BA09800

    Description

    This exceptional 0.16-acre commercial land parcel presents a compelling redevelopment opportunity in Corvallis, Oregon. Located at 515 SW Western Blvd, 97333, this 3,318 square foot property is situated in the University Neighborhoods Overlay and Avery-Helm Historic District, offering proximity to Oregon State University and the vibrant downtown area. The location benefits from the strong academic and cultural presence of OSU, as well as easy access to the riverfront, diverse dining options, shopping, and parks. This property is being sold AS-IS-WHERE-IS, and presents an ideal site for a multifamily or mixed-use development. Seller financing is available to qualified buyers, making this a strategic investment in a thriving Oregon community. The property's size and location make it a rare and attractive opportunity for those seeking to capitalize on Corvallis's robust growth. This is a chance to create a significant project in a highly desirable area.

    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
    -123.266
    Latitude
    44.5602
    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
    $0.00
    $0.00
    $0.00
    $471,259
    -
    $362,596
    $1,035,199
    $1,397,795

    Comparable in this City

    • Value Estimation by Request
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      4077 Research Way

      OFFICE (GENERAL) • 38,340 SF
      4077 Research Way, Corvallis, OR 97333-1065
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    • 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
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    • 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 by Request
      4,141 SF

      104 2nd St

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

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    515 Western Blvd
    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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