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Property profile & analytics
OFF-MARKET
Turn key restaurants
3225 Santiam SE Hwy, Albany, OR 97322-5263
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0674122
Property summary
AI-generated overview
This exceptional 1.75-acre commercial development site presents a rare investment opportunity in Albany, Oregon. Located at 3225 Santiam Hwy SE, this property boasts unparalleled visibility from Interstate 5, with over 53,200 vehicles passing daily on I-5 and more than 19,500 on Santiam Highway. The site comprises two parcels: one zoned Community Commercial (CC), perfect for a variety of businesses including retail, restaurants, and offices
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1969
Total area
2,825 SF
Lot
1.52 ac (66,211 SF)
APN
11S 03W 09BB 02300
UPID
US71-0674122
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
3225 Santiam Hwy LLC · 4 yrs held
3225 Santiam Hwy LLC
since 2022
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,148
Tax year 2023
Assessed value
$609,890
Assessed 2023
Previous assessed
$592,130
+3.0% YoY
Effective rate
1.99%
On assessed value
Land market value
$1,028,070
Improvement market value
$29,210
Total market value
$1,057,280
Applied tax rate
801.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1969
Heating
NONE
Stories
1
Total area
2,825 SF
Lot
1.52 ac (66,211 SF)
APN
11S 03W 09BB 02300
UPID
US71-0674122
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Stories
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
3225 Santiam Hwy LLC
Entity
Mailing address
620 SW 5TH AVE STE #900, PORTLAND, OR 97204-1431
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2022
—
3225 Santiam Hwy LLC
Russell W Tripp
Warranty Deed
$1,100,000 · Russell W Tripp And Barbara A Tripp
Aug 25, 2020
—
Tripp,r & B Living Trust
Russell W Tripp
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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