Financial
Distress signals
Property profile

220 6Th Ave SW Albany, OR 97321

FOR SALE
Office Spaces
Property ID
US71-1007660
10,854 SF 0.34 ac lot Built 1998
Last sale Aug 2019 · $1,450,000
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional three-story office building, located at 220 6th Avenue SW in Albany, Oregon, presents a compelling investment opportunity. Boasting 10,840 square feet of space, with 8,349 square feet of net rentable area, the property is currently 100% occupied, offering immediate cash flow. Built in 1998, this stabilized investment features a gorgeous brick exterior and is situated on a 14,891 square foot lot. The building is fully handicap accessible, including a ramp and accessible

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$23k
Tax billed · 2023
Assessed value$1.17M
Effective rate1.99%

Value estimate

· Sep 2026
$1.54M
$1.38M – $1.69M
Submarket $/SF estimate$2.48M
NOI build-up
Gross scheduled income$307k
Vacancy & credit loss−$43k
Operating expenses−$66k
NOI · 12.01% cap applied$198k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$157/SF
ZIP average, outlier-cleaned · 49 recorded sales of this use type
Observed band · Q1–Q3$72 – $229

Cap rate analysis

How does the asset earn?
12.01%
$198k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLINN

Location intelligence

Which uses thrive at this corner?
Best fit: Pharmacy
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pharmacy10.1
HVAC Service9.7
Dry Cleaner9.1

Location

220 6Th Ave SW Albany, OR 97321
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1040 7th SW, Albany, OR 97321-1922 $2,500,000 Jul 2024 11,222 SF
1086 7th Ave Sw, Albany, OR 97321-1954 $3,300,000 Jan 2024 10,381 SF
421 Water NE, Albany, OR 97321-2789 $6,250,000 Dec 2023 9,143 SF
3939 Old Salem NE, Albany, OR 97321-4884 $261,360 Sep 2023 11,950 SF
1088 7th SW, Albany, OR 97321-1922 $3,300,000 Mar 2023 10,095 SF
Albany, OR 97321 $1,473,000 Jun 2021 9,413 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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