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    2089 Valley View Dr Albany, OR 97321
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    Property profile & analytics

    2089 Valley View Dr Albany, OR 97321

    View on Map
    • Commercial real estate
    • 7.19 lot acres
    Off-Market
    Property ID
    US71-0865394
    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

    • Commercial real estate

    Property Details for 2089 Valley View Dr

    Lot size
    7.19 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 7.19-acre parcel presents a remarkable opportunity for residential development in desirable North Albany, Oregon. Located at 2089 NW Valley View Dr, Albany, OR 97321, this slightly sloped land is zoned RS-10, offering significant potential for single-family home construction. Conveniently situated, the property enjoys proximity to both Oregon State University (approximately 15 minutes away) and Interstate 5, enhancing its appeal and accessibility. Existing infrastructure includes water and sewer access on both the northern and southern boundaries. While currently zoned RS-10, the City of Albany has indicated a possibility of RS-5 zoning, although buyers are advised to conduct their own due diligence to verify zoning and confirm suitability for their intended development plans. An adjacent 4-acre parcel with identical zoning is also available for purchase, presenting a unique opportunity for larger-scale development. The asking price for this 7.19-acre lot is $2,600,000. All interested parties are responsible for conducting their own due diligence regarding the property's suitability for their specific development plans. This is a truly exceptional opportunity for developers seeking a prime location in a thriving community.

    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
    Benton
    State
    Oregon
    Longitude
    -123.12455037593
    Latitude
    44.672243429617

    Comparable in this City

    • $890,000
      4,524 SF

      Mixed-Use Property in Downtown Albany

      Multi-tenant office, retail, and residential mix in downtown Albany.
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    • New
      $775,000
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      Albany Duplex on Large Lot

      Duplex on 0.97 acre lot with shop and RV storage.
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    • $280,000
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      Residential Land in Albany, Oregon

      Rare 1.35-acre lot ready for your dream home.
      NW Kouns Dr, Albany, OR 97321
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    • $945,000
      1.00 Acre

      Albany Commercial Redevelopment Opportunity

      One-acre commercial land with redevelopment potential in Albany, Oregon.
      6123 Pacific Bl SW, Albany, OR 97321
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    • $124,500
      1.20 Acres

      Albany Land for Multifamily Development

      Vacant lot zoned for multi-family development near LBCC.
      N Of Morse Bl, Albany, OR 97321
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    • $9,500,000

      Industrial Property with Rail Spur

      11.89-acre industrial property with warehouse, office, and rail access.
      30685 Highway 34, Albany, OR 97321
      View Details

    Similar Nearby for Sale

    • $890,000
      4,524 SF

      Mixed-Use Property in Downtown Albany

      Multi-tenant office, retail, and residential mix in downtown Albany.
      418 E 1St Ave, Albany, OR 97321
      View Details
    • New
      $775,000
      2,220 SF

      Albany Duplex on Large Lot

      Duplex on 0.97 acre lot with shop and RV storage.
      31534-31536 Easy Ave SW, Albany, OR 97321
      View Details
    • $124,500
      1.20 Acres

      Albany Land for Multifamily Development

      Vacant lot zoned for multi-family development near LBCC.
      N Of Morse Bl, Albany, OR 97321
      View Details
    • $9,500,000

      Industrial Property with Rail Spur

      11.89-acre industrial property with warehouse, office, and rail access.
      30685 Highway 34, Albany, OR 97321
      View Details
    • $2,866,000

      Albany Commercial Development Opportunity

      26.32 AC industrial/commercial land near Highway 34 and I-5.
      R320157 Texas St Southwest, Albany, OR 97321
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    • $280,000
      1.35 Acres

      Residential Land in Albany, Oregon

      Rare 1.35-acre lot ready for your dream home.
      NW Kouns Dr, Albany, OR 97321
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,668 SF

      Retail Space in Albany, Oregon

      Retail space available for lease in Albany, Oregon.
      320 Ellsworth St SW, Albany, OR 97321
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    • $0.99 SF/Yr
      6,000 SF

      Albany Warehouse with Fenced Yard

      6,000 SF warehouse on 1.99 acres, fully fenced.
      30659 Or-34, Albany, OR 97321
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    • Contact for pricing

      Warehouse Spaces Near Highway 34

      Two warehouse spaces available between Corvallis and I-5.
      33976 Texas St SW, Albany, OR 97321
      View Details
    • Contact for pricing
      3,855 SF

      Class B Office Space Available

      3,855 RSF office space for rent, ample parking.
      804-808 Old Salem Rd NE, Albany, OR 97321
      View Details
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    2089 Valley View Dr
    Albany, OR 97321
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    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
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