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    Property profile & analytics

    1500 2nd SE Ave, Unit 231 Albany, OR 97321-4687

    • Apartment buildings
    • 2.19 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US71-0491322
    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

    • Apartment buildings

    Property Details for 1500 2nd SE Ave

    Year built
    2014
    Lot size
    2.19 lot acres
    Property type
    Apartment buildings
    APN
    11S 03W 05CC 04500
    APU
    11S03W05CC04500

    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
    -123.087
    Latitude
    44.6382
    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
    $33,933
    $0.00
    $0.00
    $1,703,650
    -
    $519,910
    $4,686,100
    $5,206,010

    Comparable in this City

    • Value Estimation by Request
      17,328 SF

      Albany, OR 97321

      APARTMENT HOUSE (5+ UNITS) • 17,328 SF
      Albany, OR 97321
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    • Value Estimation by Request
      12,098 SF

      Albany, OR 97321

      APARTMENT HOUSE (5+ UNITS) • 12,098 SF
      Albany, OR 97321
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    • Value Estimation by Request
      9,407 SF

      2630 Salem SE Ave

      APARTMENT HOUSE (5+ UNITS) • 9,407 SF
      2630 Salem SE Ave, Albany, OR 97321-4558
      View Details
    • Value Estimation by Request
      2,002 SF

      1100 Salem SE Ave

      APARTMENT HOUSE (5+ UNITS) • 2,002 SF
      1100 Salem SE Ave, Albany, OR 97321
      View Details
    • Value Estimation by Request
      69,760 SF

      6211 Lanier SW St

      APARTMENT HOUSE (5+ UNITS) • 69,760 SF
      6211 Lanier SW St, Albany, OR 97321-3695
      View Details
    • Value Estimation by Request
      10,743 SF

      1525 7th SW Ave

      APARTMENT HOUSE (5+ UNITS) • 10,743 SF
      1525 7th SW Ave, Albany, OR 97321-1989
      View Details

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    Similar Nearby for Lease

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    1500 2nd SE Ave, Unit 231
    Albany, OR 97321-4687
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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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