Property profile

1215 Shortridge SE St Albany, OR 97322

OFF-MARKET
Office Spaces
Property ID
US71-0745458
2,768 SF 0.34 ac lot Built 1972
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1972
Total area 2,768 SF
Lot 0.34 ac (14,810 SF)
APN 11S 03W 09BC 00300
UPID US71-0745458

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1215 Shortridge SE St Albany, OR 97322-6934
Albany metro Census 20500 ALBANY-LEBANON, OR MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$359k
Blend (final) Blend
$205k

Owner & transaction history

since 2025
Last sale
$745,000
4 recorded transactions
2025
$745,000
2020
Price N/A
2015
$190,000
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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