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    Property profile & analytics

    1562 3rd St Corvallis, OR 97333-1240

    • Specialty properties
    • 11,391 SF
    • 0.87 lot acres
    OFF-MARKET
    Value Estimation
    $4,130,000
    Last Sale
    Dec 15, 2021
    $3,750,000
    Location Intelligence
    Property ID
    US71-0009952
    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

    • Willamette Veterinary Clinic: Cox Kristina DVM / Veterinarian
    • Barrington Jennifer DVM / Veterinarian
    • Veterinary Acupuncture / Veterinarian
    • Willamette Veterinary Hospital / Veterinarian / Veterinary Pharmacy
    • Tessa Maggiulli / General Practitioner

    Property Details for 1562 3rd St

    Year built
    2007
    Lot size
    0.87 lot acres
    Property size
    11,391 SF
    Zone code
    MUE,CMU-2
    Property type
    Specialty properties
    APN
    12502CC01400
    APU
    12502CC01400

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,180,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,905,000
      6.5%
      $3,635,000
      7%
      $3,605,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,445,000
      Geo Method
      $3,925,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,350,000
      Retail
      $3,990,000
      Mixed-Use
      $3,740,000
      Hospitality
      $4,035,000
      Educational
      $3,330,000
      Residential Income
      $3,200,000
      Energy
      $4,020,000
      Income-Based Land
      $3,285,000
      Food Service
      $3,990,000

    Location Insight

    • Map
    • Local Demand
    City
    Corvallis
    County
    Benton
    State
    Oregon
    Longitude
    -123.266
    Latitude
    44.55
    CBSA code
    18700
    CBSA name
    CORVALLIS, OR METROPOLITAN 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
    $45,105
    $0.00
    $0.00
    $2,348,378
    -
    $701,095
    $3,838,018
    $4,539,113

    Comparable in this City

    • Value Estimation by Request
      2,880 SF

      2245 Whiteside Dr

      FUNERAL HOME • 2,880 SF
      2245 Whiteside Dr, Corvallis, OR 97333-1404
      View Details
    • Value Estimation by Request

      2315 Thompson St

      Office space
      2315 Thompson St, Corvallis, OR 97333
      View Details
    • Value Estimation by Request
      3,740 SF

      430 53rd St

      VETERINARY, ANIMAL HOSPITAL • 3,740 SF
      430 53rd St, Corvallis, OR 97333-2932
      View Details
    • Value Estimation by Request
      0.35 Acres

      300 Madison Ave

      CHARITABLE ORGANIZATION • 0.35 Acres
      300 Madison Ave, Corvallis, OR 97333-4704
      View Details
    • Value Estimation by Request
      3,777 SF

      33888 Peoria Rd

      VETERINARY, ANIMAL HOSPITAL • 3,777 SF
      33888 Peoria Rd, Corvallis, OR 97333-2318
      View Details
    • Value Estimation by Request
      1,033 SF

      5610 Philomath Blvd

      VETERINARY, ANIMAL HOSPITAL • 1,033 SF
      5610 Philomath Blvd, Corvallis, OR 97333-1035
      View Details

    Similar Nearby for Sale

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      Corvallis Redevelopment Opportunity

      Prime 0.16-acre lot, 3,318 SF, seller financing.
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    • $695,000
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      20,000 SF Vacant Storefront, $695K
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      Land in South Corvallis

      Land with proximity to commercial and residential areas.
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      Corvallis Land Parcels For Sale

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    • $2,000,000
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      Mixed-Use Building in Corvallis Heart

      Mixed-use building in downtown Corvallis near OSU campus.
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    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space in Corvallis Center

      Neighborhood shopping center anchored by Safeway and BiMart.
      5216-5280 Philomath Blvd, Corvallis, OR 97333
      View Details
    • Contact for pricing
      164,769 SF

      Sunset Shopping Center: Corvallis Retail

      Prime Corvallis retail space available. Multiple suites.
      1555 53Rd St, Corvallis, OR 97333
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    • Contact for pricing
      1,020 SF

      Retail Space in Corvallis Center

      Retail space available in neighborhood shopping center near Oregon State.
      5010 SW Philomath Blvd, Corvallis, OR 97333
      View Details
    • $6 SF/Yr
      7,590 SF

      Downtown Corvallis Retail Space

      Prime 7,590 SF Retail/Office Building
      316 2Nd St, Corvallis, OR 97333
      View Details
    • $13 SF/Yr
      13,878 SF

      Eastgate Business Center: Flex Space

      Corvallis flex space, multiple suites available.
      33919 Eastgate Cir, Corvallis, OR 97333
      View Details
    • $8 SF/Yr
      4,696 SF

      Corvallis Retail Gym Space

      Prime Downtown Corvallis Gym/Retail
      320 2Nd St, Corvallis, OR 97333
      View Details
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    Corvallis, OR 97333-1240
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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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