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    Property profile & analytics

    229 3rd SW Ave Albany, OR 97321-2242

    • Turn key restaurants
    • 1,960 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 25, 2020
    Location Intelligence
    Property ID
    US71-0703599
    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

    • The Garage / Cocktail Bar / Event Venue

    Property Details for 229 3rd SW Ave

    Year built
    1940
    Lot size
    0.07 lot acres
    Property size
    1,960 SF
    Property type
    Turn key restaurants
    APN
    11S 03W 06CC 11202
    APU
    11S03W06CC11202

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.107
    Latitude
    44.6358
    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
    $2,422
    $0.00
    $0.00
    $121,580
    -
    $63,160
    $247,660
    $310,820

    Comparable in this City

    • Value Estimation by Request
      3,720 SF

      442 1st SW Ave

      RESTAURANT • 3,720 SF
      442 1st SW Ave, Albany, OR 97321-2228
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    • Value Estimation by Request
      2,310 SF

      202 2nd SW Ave

      RESTAURANT • 2,310 SF
      202 2nd SW Ave, Albany, OR 97321-2233
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    • Value Estimation by Request
      2,219 SF

      1520 Pacific SE Blvd

      RESTAURANT • 2,219 SF
      1520 Pacific SE Blvd, Albany, OR 97321-4829
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    • Value Estimation
      $1,135,000
      4,812 SF

      2115 Pacific SW Blvd

      RESTAURANT • 4,812 SF
      2115 Pacific SW Blvd, Albany, OR 97321-3534
      View Details
    • Value Estimation
      $1,035,000
      5,674 SF

      133 5th SE Ave

      RESTAURANT • 5,674 SF
      133 5th SE Ave, Albany, OR 97321-2806
      View Details
    • Value Estimation by Request
      480 SF

      744 Old Salem NE Rd

      RESTAURANT • 480 SF
      744 Old Salem NE Rd, Albany, OR 97321-4538
      View Details

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    229 3rd SW Ave
    Albany, OR 97321-2242
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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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