Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1905 Waverly SE Dr, Unit 79 Albany, OR 97322-8572
    Back to Search
    Property profile & analytics

    1905 Waverly SE Dr, Unit 79, Albany, OR 97322-8572

    View on Map
    • Mobile home & RV parks
    • 10.23 lot acres
    Off-Market
    Property ID
    US71-0952060
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shorewood Estates MHC / Campground & RV Park

    Property Details for 1905 Waverly SE Dr

    Year built
    1970
    Lot size
    10.23 lot acres
    Property type
    Mobile home & RV parks
    APN
    11S 03W 08D 03501
    APU
    11S03W08D03501

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 15, 2017 $6,350,000 Shorewood Mhc LLC Shorewood Estates Mhc LLC Warranty Deed · related $3.8M · Washington Fed'l Svgs
    Mar 14, 2012 — Shorewood Estates Mhc LLC Morgan,scott Grant Deed · related —
    Feb 1, 2012 $4,565,000 Owner Name Unavailable Owner Name Unavailable Warranty Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.071
    Latitude
    44.624
    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
    $49,094
    $0.00
    $0.00
    $2,464,870
    -
    $1,212,080
    $3,634,290
    $4,846,370

    Comparable in this City

    • Value Estimation by Request
      1,404 SF

      777 College Park SW Dr, Unit 55

      MOBILE HOME PARK, TRAILER PARK
      777 College Park SW Dr, Albany, OR 97322-8429
      View Details
    • Value Estimation
      $2,200,000
      2.77 Acres

      1197 Century NE Dr, Unit 36

      MOBILE HOME PARK, TRAILER PARK
      1197 Century NE Dr, Albany, OR 97322-4315
      View Details
    • Value Estimation by Request
      0.74 Acres

      5050 Columbus SE St, Unit 10

      MOBILE HOME PARK, TRAILER PARK
      5050 Columbus SE St, Albany, OR 97322-8007
      View Details
    • Value Estimation by Request
      3.67 Acres

      1010 Geary SE St, Unit 4

      MOBILE HOME PARK, TRAILER PARK
      1010 Geary SE St, Albany, OR 97322-7072
      View Details
    • Value Estimation by Request
      3.70 Acres

      777 College Park SW Dr, Unit 13

      MOBILE HOME PARK, TRAILER PARK
      777 College Park SW Dr, Albany, OR 97322-8421
      View Details
    • Value Estimation by Request
      1,620 SF

      300 Western SE St, Unit 36

      MOBILE HOME PARK, TRAILER PARK
      300 Western SE St, Albany, OR 97322-6426
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,456 SF

      Albany Fourplex with Recent Upgrades

      Well-maintained fourplex in Albany with strong rental income.
      910 SE 18Th Ave, Albany, OR 97322
      View Details
    • $410,000
      2,080 SF

      Two-Unit Duplex with Backyard Access

      Two homes in one offer a loft/second flex room, in-garage laundry hookups, and direct backyard access.
      2522/2520 Main St SE, Albany, OR 97322
      View Details
    • Contact for pricing
      3,456 SF

      Well-Maintained Albany Fourplex For Sale

      Desirable Albany 4-plex with solid rents and recent upgrades.
      920 SE 18Th Ave, Albany, OR 97322
      View Details
    • $550,000
      3,027 SF

      Two-Story Triplex with Attached Garages

      Three units in a two-story triplex, each with an attached garage, open main level, and fenced back yard.
      3426 3Rd Ave SE, Albany, OR 97322
      View Details
    • $1,900,000
      3.00 Acres

      Three One-Acre Development Lots

      Three one-acre lots suitable for residential development in Albany, Oregon.
      4055 SE Spicer Dr, Albany, OR 97322
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,000 SF

      Albany Warehouse/Office Building For Rent

      11,000 SF warehouse/office building on 2.16 acres.
      3650 Marion St SE, Albany, OR 97322
      View Details
    • Contact for pricing
      842 SF

      Retail Suites in Heritage Plaza

      Retail/office suites available in well-located Albany shopping center.
      2306 Heritage Way SE, Albany, OR 97322
      View Details
    • Contact for pricing
      10,137 SF

      Remodeled Industrial Warehouse with Yard

      10,137 SF industrial suite with office and warehouse space.
      1210 Jackson St SE, Albany, OR 97322
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available, ranging from 566 to 67,968 square feet.
      1895 14Th Ave SE, Albany, OR 97322
      View Details
    • Contact for pricing

      Commercial Land Near I-5 Freeway

      1.19 acres of commercial land visible from I-5.
      1731 Fescue St SE, Albany, OR 97322
      View Details
    • Contact for pricing

      Retail Space in Albany Plaza

      Retail space for lease in Albany's shopping area.
      14th St & Waverly Dr, Albany, OR 97322
      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.
    1905 Waverly SE Dr, Unit 79
    Albany, OR 97322-8572
    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
    1905 Waverly SE Dr, Albany, OR, 97322
    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!