Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1475 Main St Lebanon, OR 97355-3106
    Property profile & analytics

    1475 Main St Lebanon, OR 97355-3106

    View on Map
    • Office Spaces
    • 0.93 lot acres
    Off-Market
    Last Sale Jun 20, 2024
    $1,984,055
    Property ID
    US71-0421927
    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.
    Value Estimations
    $1,985,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AmeriTitle / Title Company / Escrow Service

    Property Details for 1475 Main St

    Year built
    2008
    Lot size
    0.93 lot acres
    Property type
    Office Spaces
    APN
    12S 02W 14BB 04100
    APU
    12S02W14BB04100

    Description

    This exceptional office space, located at 1475 S Main St in Lebanon, Oregon, presents a unique opportunity for businesses seeking a vibrant and accessible location. The property, part of the Willamette Community Square, is a 9,300 square foot building constructed in 2007, offering a modern and well-maintained environment. Currently, 3,289 square feet of contiguous space is immediately available, divisible to a minimum of 1,500 square feet. The flexible layout caters to a variety of business needs, making it suitable for a range of professional services, retail, or other commercial uses. Located in Linn County, Oregon, with easy access to major transportation routes, this property enjoys high visibility and excellent accessibility. A competitive lease rate of $21 per square foot, modified gross, is offered for a 5+ year term, with potential tenant improvement packages available for qualified tenants. This is an ideal opportunity to establish or expand your business in a thriving community. The property's address is 1475 S Main St, Lebanon, OR 97355.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,985,000
      ML approach
      $1,985,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Linn
    State
    Oregon
    Longitude
    -122.907
    Latitude
    44.5324
    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
    $39,878
    $0.00
    $0.00
    $1,936,520
    -
    $439,250
    $1,944,450
    $2,383,700

    Comparable in this City

    • Value Estimation by Request
      4,208 SF

      Lebanon, OR 97355

      Office Spaces • 4,208 SF
      Lebanon, OR 97355
      View Details
    • Value Estimation by Request
      29,975 SF

      Lebanon, OR 97355

      Office Spaces • 29,975 SF
      Lebanon, OR 97355
      View Details
    • Value Estimation by Request
      10.41 Acres

      1853 Airway Rd

      OFFICE (GENERAL) • 10.41 Acres
      1853 Airway Rd, Lebanon, OR 97355-1233
      View Details
    • Value Estimation by Request
      0.19 Acres

      390 Main St

      OFFICE (GENERAL) • 0.19 Acres
      390 Main St, Lebanon, OR 97355-3307
      View Details
    • Value Estimation by Request
      0.50 Acres

      Lebanon, OR 97355

      OFFICE (GENERAL) • 0.50 Acres
      Lebanon, OR 97355
      View Details
    • Value Estimation by Request
      0.29 Acres

      1155 Park St

      OFFICE (GENERAL) • 0.29 Acres
      1155 Park St, Lebanon, OR 97355-3452
      View Details

    Similar Nearby for Sale

    • $520,000
      4,208 SF

      Downtown Lebanon Office Building

      High-yield, fully occupied 4-unit complex
      Lebanon, OR 97355
      View Details
    • $2,800,000
      29,975 SF

      Lebanon Office Building - Great Potential

      Spacious office building, 0.96 acres, expansion potential.
      Lebanon, OR 97355
      View Details
    • $2,800,000
      26,456 SF

      Lebanon Industrial Complex For Sale

      Fully leased industrial complex in Lebanon, Oregon.
      2721 S Main Rd, Lebanon, OR 97355
      View Details
    • $1,795,000
      10,545 SF

      Remodeled Lebanon Building For Sale

      Remodeled building with multiple tenants, anchor tenant out to 2031.
      550 S Main St, Lebanon, OR 97355
      View Details
    • Contact for pricing
      45,716 SF

      Lebanon Educational Facility For Sale

      Versatile facility with stable income and owner-occupant opportunity.
      60 Industrial Way, Lebanon, OR 97355
      View Details
    • $750,000
      3,330 SF

      Remodeled Office Space with Showroom

      Luxurious remodeled office with showroom, shop, and machine shed.
      3640 S Santiam Hwy, Lebanon, OR 97355
      View Details

    Similar Nearby for Lease

    • $100,006
      1,529 SF

      Class A Office Space

      Corner lot office space with high visibility and flexible layout.
      1010 S Main A & B St, Lebanon, OR 97355
      View Details
    • $133,200
      5,330 SF

      Remodeled Office Space with Showroom

      Luxurious office space with showroom, large parking lot.
      3640 S Santiam Hwy, Lebanon, OR 97355
      View Details
    • $26,226
      462 SF

      Lebanon Office Space with Amenities

      Class A office space with shared conference room and kitchenette.
      1010 S Main B St, Lebanon, OR 97355
      View Details
    • $235,620
      11,900 SF

      Versatile Commercial Space with Yard

      Retail, office, and shop space with secured yard.
      2721 S Main St, Lebanon, OR 97355
      View Details
    • $1.15 SF/Yr
      1,760 SF

      Lebanon Retail/Office Space Available

      Three suites available for lease in central Lebanon.
      11-41 E Ash St, Lebanon, OR 97355
      View Details
    • Contact for pricing

      Industrial Property with Fenced Yard

      30,000 SF industrial space with 3-acre fenced yard.
      1853 W Airway Rd, Lebanon, OR 97355
      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.
    1475 Main St
    Lebanon, OR 97355-3106
    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

    Thank You for Inquiry
    1475 Main St, Lebanon, OR, 97355
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!