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Property profile & analytics
OFF-MARKET
Estimated value
$3,080,000
Investment properties
1530 9th SE Ave, Albany, OR 97322-4869
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-0785797
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1986
Total area
30,265 SF
Lot
1.63 ac (71,003 SF)
APN
11S 03W 08BC 00800
UPID
US71-0785797
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
Current use
Occupant on record · Public records
-
Premiere Property Group, LLC Real Estate Agency
-
Erik Atkinson, Premiere Property Group, LLC Real Estate Agency
-
Melinda Abresch PC, Premiere Property Group Real Estate Agency
-
Kristin Pohlschneider, Premiere Property Group LLC Real Estate Agency
-
TJ Garber, REALTOR - Premiere Property Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.09M
Blend (final)
Blend
$3.08M
Owner & transaction history
Glorietta Bay I LLC · 3 yrs held
Glorietta Bay I LLC
since 2022
Last sale
$2.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,685,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,995,000
Current use
WAREHOUSE, STORAGE
$3,885,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$3.08M
Range $2.77M – $3.39M · ±10% · vs last sale $2.77M (Dec 13 2022)
Last sale anchor
$2.77M
Dec 13 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$102 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,882
Tax year 2023
Assessed value
$1,939,650
Assessed 2023
Previous assessed
$2,175,770
-10.9% YoY
Effective rate
1.75%
On assessed value
Land market value
$1,253,240
Improvement market value
$686,410
Total market value
$1,939,650
Applied tax rate
846.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1986
Heating
NONE
Stories
1
Total area
30,265 SF
Lot
1.63 ac (71,003 SF)
APN
11S 03W 08BC 00800
UPID
US71-0785797
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.0M
WAREHOUSE, STORAGE
Est. value
$3.9M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Stories
1
Lot
1.63 ac
Current owner
From public records · entity-resolved
Glorietta Bay I LLC
Entity
Mailing address
100 FRY ST NW, ALBANY, OR 97321-2253
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2022
$2,770,000
Glorietta Bay I LLC
Sue Boehme
Warranty Deed
$1,385,000 · Peoples Bank Of Commerce
Jun 15, 2017
—
Haines,beverly Trust
Haines Jack & Beverly Trust
Quit Claim Deed
related
—
Jan 15, 2016
—
Haines,jack & Beverly Trust
Haines,jack C & Beverly J
Quit Claim Deed
related
—
Sep 22, 2010
—
Jack C Haines
—
Deed Of Trust
related
$1,265,500 · Wells Fargo Bank
Sep 16, 2005
$300,000
Jack Haines
Richard B Stevers
Warranty Deed
$1,468,000 · Wells Fargo Bank NA
Apr 25, 1996
—
Jack C Haines
—
Deed Of Trust
related
$1,250,000 · Bank Of America Oregon
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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