Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1101 Century NE Dr, Unit 9 Albany, OR 97322-4373

    • Mobile home & RV parks
    • 672 SF
    • 1.05 lot acres
    OFF-MARKET
    Last Sale
    Sep 03, 2021
    $615,000
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0451760
    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

    • Mobile home & RV parks

    Property Details for 1101 Century NE Dr

    Year built
    1940
    Lot size
    1.05 lot acres
    Property size
    672 SF
    Property type
    Mobile home & RV parks
    APN
    10S 03W 33DC 01800
    APU
    10S03W33DC01800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $755,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.061
    Latitude
    44.6507
    CBSA code
    10540
    CBSA name
    ALBANY-LEBANON, OR MICROPOLITAN 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
    $7,943
    $0.00
    $0.00
    $394,130
    -
    $169,250
    $671,280
    $840,530

    Comparable in this City

    • Value Estimation by Request
      0.74 Acres

      5050 Columbus SE St, Unit 10

      MOBILE HOME PARK, TRAILER PARK • 0.74 Acres
      5050 Columbus SE St, Albany, OR 97322-8007
      View Details
    • Value Estimation by Request
      3.67 Acres

      1010 Geary SE St, Unit 4

      MOBILE HOME PARK, TRAILER PARK • 3.67 Acres
      1010 Geary SE St, Albany, OR 97322-7072
      View Details
    • Value Estimation by Request
      1,404 SF

      777 College Park SW Dr, Unit 55

      MOBILE HOME PARK, TRAILER PARK • 1,404 SF
      777 College Park SW Dr, Albany, OR 97322-8429
      View Details
    • Value Estimation
      $2,200,000
      2.77 Acres

      1197 Century NE Dr, Unit 36

      MOBILE HOME PARK, TRAILER PARK • 2.77 Acres
      1197 Century NE Dr, Albany, OR 97322-4315
      View Details
    • Value Estimation by Request
      4.68 Acres

      5050 Columbus SE St, Unit 285

      MOBILE HOME PARK, TRAILER PARK • 4.68 Acres
      5050 Columbus SE St, Albany, OR 97322-8051
      View Details
    • Value Estimation by Request
      3.66 Acres

      1905 Waverly SE Dr, Unit 62

      MOBILE HOME PARK, TRAILER PARK • 3.66 Acres
      1905 Waverly SE Dr, Albany, OR 97322-8575
      View Details

    Similar Nearby for Sale

    • $49,900

      Move-In Ready Mobile Home

      Double-wide mobile home featuring three bedrooms and two bathrooms.
      3800 Mountain View Dr SE, Albany, OR 97322
      View Details
    • $420,000
      2,080 SF

      Albany Duplex with Large Backyard

      Two homes in one with a spacious backyard.
      2522/2520 Main St SE, Albany, OR 97322
      View Details
    • $370,000
      1,860 SF

      Albany Duplex Investment Opportunity

      Well-maintained duplex in Albany's Opportunity Zone with long-term tenants.
      3711 Earl Ave NE, Albany, OR 97322
      View Details
    • $370,000
      1,860 SF

      Albany Duplex: Investment Opportunity

      Well-maintained duplex in Albany's Opportunity Zone with long-term tenants.
      3711-3713 Earl Ave NE, Albany, OR 97322
      View Details
    • $1,350,000
      3.00 Acres

      Three Acre Development Opportunity

      Three one-acre lots suitable for residential development.
      4055 SE Spicer Dr, Albany, OR 97322
      View Details
    • $2,744,280
      14 SF

      Albany Industrial Land Opportunity

      Approximately 14 acres of industrial land for sale in Albany.
      525 25Th Ave SW, Albany, OR 97322
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Interstate 5 Frontage Industrial Land

      68-acre industrial land for lease or build-to-suit opportunity.
      2910 Three Lakes Rd SE, Albany, OR 97322
      View Details
    • Contact for pricing
      4,013 SF

      Retail Space Near Heritage Mall

      Retail space adjacent to Heritage Mall, Albany, Oregon.
      1290 SE Geary St, 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
    • Contact for pricing
      1,170,775 SF

      Albany Warehouse: I-5 Frontage

      Massive warehouse, ideal distribution.
      2910 Three Lakes Rd, Albany, OR 97322
      View Details
    • Contact for pricing
      160 SF

      Retail Space Near Interstate 5

      Retail space located near Interstate 5 and major retailers.
      1859 14Th Ave SE, Albany, OR 97322
      View Details
    • Contact for pricing
      6,000 SF

      Albany Retail Plaza Opportunity

      High-visibility retail space in prime Albany location.
      14th St & Waverly Dr, 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.
    1101 Century NE Dr, Unit 9
    Albany, OR 97322-4373
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.