Property profile

2500 Santiam SE Hwy Albany, OR 97322

OFF-MARKET
Commercial land
Property ID
US71-0632195
60,176 SF 17.67 ac lot Built 1972
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity presents two contiguous, vacant suites totaling 2,800 square feet, ideally located at 2500 Santiam Hwy SE in Albany, Oregon, within Linn County (zip code 97321). Each suite offers 1,400 square feet of adaptable space, perfect for a variety of retail uses. The property is classified as a shopping center with multiple tenancies. The minimum leasable space is 1,400 square feet, with a maximum contiguous space also at 1,400 square feet. The entire building comprises 2,800 square feet and currently has two suites available for lease. This presents a unique chance to establish a presence in a vibrant Albany location. The property's convenient location on Santiam Hwy SE ensures high visibility and accessibility for customers. With its ample space and prime location, this property is an excellent investment for businesses seeking to expand or establish themselves in the thriving Albany market. The property is ready for immediate occupancy. Interested parties should inquire promptly.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1972
Total area 60,176 SF
Lot 17.67 ac (769,705 SF)
APN 11S 03W 08AC 00202
UPID US71-0632195

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Credit Union
  • Loan Service Bank
  • Cinema (Bike/Boat/Book/etc) Store
  • Check Cashing
  • Bank Credit Union

Location

2500 Santiam SE Hwy Albany, OR 97322-5211
Albany metro Census 20500 ALBANY-LEBANON, OR MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.57M
Blend (final) Blend
$11.57M

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $14.6M +83.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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