1215 Shortridge SE St, Albany, OR 97322-6934
This exceptional Albany, Oregon mixed-use property offers a compelling investment or business opportunity. Priced at $800,000, this property encompasses two buildings totaling 2,768 square feet on a 14,544.68 square foot lot. The main building, a single-story structure built in 1972, features 12 dedicated office spaces, a 15 x 17 conference room, break room, two bathrooms, attractive flooring and wainscoting, and a fenced patio. It boasts 19 parking spaces and nearly 140 feet of road frontage on Santiam Highway, providing excellent client access and visibility, just minutes from I-5. The building is equipped with air conditioning, forced air heating, city water, and sewer. A charming 520 square foot cottage, also on the property, has been updated with new flooring, trim, interior/exterior paint, roof, and vinyl windows. This secondary building includes a full bathroom, kitchen, and washer/dryer, suitable for office or residential use and features its own fenced yard. The property is zoned OP (Office Professional) for the cottage and Light Commercial for the main building, offering versatile usage options. This property presents a rare opportunity for significant return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.