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    Property profile & analytics

    241 1st NW Ave Albany, OR 97321-2223

    • Theaters & concert halls
    • 12,656 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Nov 16, 2020
    $815,000
    Location Intelligence
    Property ID
    US71-0799625
    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 Grove Church / Church
    • The VENETIAN / Church / Live Music Venue
    • The Grove / Church
    • The Brim Coffee Co. / Coffee Shop

    Property Details for 241 1st NW Ave

    Year built
    1914
    Lot size
    0.16 lot acres
    Property size
    12,656 SF
    Property type
    Theaters & concert halls
    APN
    11S 03W 06CC 03500
    APU
    11S03W06CC03500

    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
    44.6374
    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
    $1,705
    $0.00
    $0.00
    $85,610
    -
    $20,540
    $130,310
    $150,850

    Comparable in this City

    • Value Estimation by Request
      2,448 SF

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      2,754 SF

      111 1st NW Ave

      THEATER (MOVIE) • 2,754 SF
      111 1st NW Ave, Albany, OR 97321-2221
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    • Value Estimation by Request
      2,244 SF

      121 1st NW Ave

      THEATER (MOVIE) • 2,244 SF
      121 1st NW Ave, Albany, OR 97321-2221
      View Details
    • Value Estimation by Request
      11,904 SF

      323 2nd SW Ave

      THEATER (MOVIE) • 11,904 SF
      323 2nd SW Ave, Albany, OR 97321-2234
      View Details
    • Value Estimation by Request
      23.40 Acres

      Albany, OR 97321

      GOLF COURSE • 23.40 Acres
      Albany, OR 97321
      View Details
    • Value Estimation by Request
      9,997 SF

      127 Broadalbin NW St

      RECREATIONAL, ENTERTAINMENT • 9,997 SF
      127 Broadalbin NW St, Albany, OR 97321-2243
      View Details

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    241 1st NW Ave
    Albany, OR 97321-2223
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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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