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    Property profile & analytics

    1236 Price SE Rd Albany, OR 97322-7016

    • Turn key restaurants
    • 16,351 SF
    • 1.21 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 22, 2024
    Location Intelligence
    Property ID
    US71-0482549
    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

    • Lums Garden Restaurant & Lounge / Chinese Restaurant
    • Rainbow House / Chinese Restaurant
    • ATM / Atm

    Property Details for 1236 Price SE Rd

    Year built
    1966
    Lot size
    1.21 lot acres
    Property size
    16,351 SF
    Property type
    Turn key restaurants
    APN
    11S 03W 09B 00400
    APU
    11S03W09B00400

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.058
    Latitude
    44.6303
    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
    $22,394
    $0.00
    $0.00
    $1,124,330
    -
    $869,350
    $1,164,950
    $2,034,300

    Comparable in this City

    • Value Estimation by Request
      70,521 SF

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    • Value Estimation by Request
      2,825 SF

      3225 Santiam SE Hwy

      RESTAURANT • 2,825 SF
      3225 Santiam SE Hwy, Albany, OR 97322-5263
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    • Value Estimation by Request
      3,442 SF

      2845 Santiam SE Hwy

      RESTAURANT • 3,442 SF
      2845 Santiam SE Hwy, Albany, OR 97322-5255
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    • Value Estimation by Request
      1,848 SF

      2025 Santiam SE Hwy

      RESTAURANT • 1,848 SF
      2025 Santiam SE Hwy, Albany, OR 97322-4930
      View Details
    • Value Estimation by Request
      0.65 Acres

      Albany, OR 97322

      RESTAURANT • 0.65 Acres
      Albany, OR 97322
      View Details
    • Value Estimation by Request
      0.47 Acres

      3513 Knox Butte E Rd

      RESTAURANT • 0.47 Acres
      3513 Knox Butte E Rd, Albany, OR 97322-6511
      View Details

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    Albany, OR 97322-7016
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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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