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    32160 Old Highway 34 Tangent, OR 97389
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    Property profile & analytics

    32160 Old Highway 34 Tangent, OR 97389

    View on Map
    • Warehouses
    • 12,100 SF
    • 1.62 lot acres
    For Lease
    $1,690,000
    View Listing →
    Tangent Industrial Park Location For Lease
    $1,690,000
    3,300 SF

    Tangent Industrial Park Location

    Premier industrial park location near Interstate 5.

    32160 Old Hwy 34, Tangent, OR
    View Listing
    Property ID
    US71-0421918
    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

    • Warehouses

    Property Details for 32160 Old Highway 34

    Year built
    1988
    Lot size
    1.62 lot acres
    Property size
    12,100 SF
    Property type
    Warehouses
    APN
    12S 03W 06 02200
    APU
    12S03W0602200

    Description

    This exceptional warehouse space, part of the Tangent Business Park, offers 8,000 square feet of versatile industrial space, ideal for a variety of businesses. Located at 32160 Old Hwy 34 in Tangent, Oregon (zip code 97389), this property is situated in Linn County's Tangent submarket. The building itself boasts a total of 20,000 square feet, with a minimum divisible space of 8,000 square feet and a maximum contiguous space of 8,000 square feet. This means the available unit is perfectly sized for businesses needing a substantial yet manageable footprint. The property is classified as industrial with a warehouse subtype and currently features multiple tenants. Its convenient location in Tangent provides easy access to key transportation routes, making it an attractive option for businesses needing efficient logistics. The property's address is clearly defined, ensuring straightforward navigation for clients and employees. This is a prime opportunity to secure a well-located, functional warehouse space in a thriving Oregon community. The space is ready for immediate occupancy, offering a seamless transition for your business operations. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,689,000
      Market price range: $1.28M - $1.92M
      AI Estimate
      $1,689,000
      Market price range: $1.28M - $1.92M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,555,000
      Current use
      COMMERCIAL (GENERAL)
      $1,530,000
      Change: -2% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tangent
    County
    Linn
    State
    Oregon
    Longitude
    -123.105
    Latitude
    44.5586
    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
    $11,199
    $0.00
    $0.00
    $762,560
    -
    $274,410
    $555,630
    $830,040

    Comparable in this City

    • Value Estimation by Request
      2.75 Acres

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    • Value Estimation
      $1,330,000
      10,368 SF

      33747 Looney Ln

      WAREHOUSE, STORAGE • 10,368 SF
      33747 Looney Ln, Tangent, OR 97389
      View Details
    • Value Estimation
      $3,850,000
      30,000 SF

      32180 Old Hwy 34

      WAREHOUSE, STORAGE • 30,000 SF
      32180 Old Hwy 34, Tangent, OR 97389-9810
      View Details
    • Value Estimation by Request
      4.64 Acres

      33468 Eagle Rd Ste B

      WAREHOUSE, STORAGE • 4.64 Acres
      33468 Eagle Rd Ste B, Tangent, OR 97389-9815
      View Details
    • Value Estimation
      $890,000
      8,400 SF

      33919 Hwy 99e

      WAREHOUSE, STORAGE • 8,400 SF
      33919 Hwy 99e, Tangent, OR 97389-9797
      View Details
    • Value Estimation
      $2,280,000
      21,484 SF

      34155 Hwy 99e

      WAREHOUSE, STORAGE • 21,484 SF
      34155 Hwy 99e, Tangent, OR 97389-9737
      View Details

    Similar Nearby for Sale

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      View Details
    • $3,630,000

      Tangent Land Near I-5

      Commercial land available near I-5 with development potential.
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      0.19-acre lot approved for manufactured and stick-built homes.
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    Similar Nearby for Lease

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      Industrial park warehouse space available for lease in Tangent, Oregon.
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      Industrial warehouse with grade doors, great parking, and visibility.
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      Tangent Warehouse Near Interstate 5

      Warehouse space available for lease, close to Interstate 5.
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      Tangent Industrial Park Location

      Premier industrial park location near Interstate 5.
      32160 Old Highway 34, Tangent, OR 97389
      View Details
    • Contact for pricing

      Tangent Industrial Land For Lease

      5.66-acre industrial site with excellent accessibility and visibility.
      0000 Old Highway 34, Tangent, OR 97389
      View Details
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    Tangent, OR 97389
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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.

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