Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $550,000
    Office Spaces

    1215 Shortridge SE St, Albany, OR 97322-6934

    2,768 SF 0.34 ac lot Built 1972
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US71-0745458
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $359k
    Blend (final) Blend
    $550k
    Owner & transaction history
    Cmtlk LLC
    Cmtlk LLC
    since 2025
    Last sale
    $745,000
    4 recorded transactions
    2025
    $745,000
    2020
    2015
    $190,000
    2005
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 1215 Shortridge SE St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    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