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    330 SW Washington St Albany, OR 97321
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    Property profile & analytics

    330 SW Washington St, Albany, OR 97321

    View on Map
    • Office Spaces
    • 2,955 SF
    • 0.12 lot acres
    For Sale
    $550,000
    View Listing →
    Historic Albany Building For Sale For Sale
    $550,000
    2,955 SF

    Historic Albany Building For Sale

    2,955 SF brick building in Albany's Historic Downtown.

    330 SW Washington St, Albany, OR 97321
    View Listing
    Property ID
    US71-0897501
    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
    6.3%
    Office Spaces
    Location Intelligence

    Current Use by Public Records

    • Suzanne Bodlovic - State Farm Insurance Agent / Insurance Agency

    Property Details for 330 SW Washington St

    Year built
    1954
    Lot size
    0.12 lot acres
    Property type
    Office Spaces
    APN
    11S 04W 12AA 00400
    APU
    11S04W12AA00400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $555,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $580,000
      6.5%
      $535,000
      7%
      $500,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $675,000
      Market price range: $214k - $676k
      AI Estimate
      $675,000
      Market price range: $214k - $676k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $465,000
      Current use
      WAREHOUSE, STORAGE
      $380,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.11
    Latitude
    44.6346
    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
    $6,243
    $0.00
    $0.00
    $313,450
    -
    $108,920
    $461,540
    $570,460

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

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      OFFICE (GENERAL)
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    • Value Estimation by Request
      309 SF

      237 1st E Ave

      OFFICE (GENERAL)
      237 1st E Ave, Albany, OR 97321
      View Details
    • Value Estimation
      $1,285,000
      5,624 SF

      110 9th SW Ave

      OFFICE (GENERAL)
      110 9th SW Ave, Albany, OR 97321-2454
      View Details
    • Value Estimation
      $1,835,000
      8,020 SF

      613 Hickory NW St

      OFFICE (GENERAL)
      613 Hickory NW St, Albany, OR 97321-1752
      View Details
    • Value Estimation by Request
      309 SF

      201 1st NE Ave

      OFFICE (GENERAL)
      201 1st NE Ave, Albany, OR 97321-2907
      View Details
    • Value Estimation by Request
      2,248 SF

      1090 24th SW Ave

      OFFICE (GENERAL)
      1090 24th SW Ave, Albany, OR 97321-7539
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,955 SF

      Historic Albany Building For Sale

      2,955 SF brick building in Albany's Historic Downtown.
      330 SW Washington St, Albany, OR 97321
      View Details
    • Contact for pricing
      10,840 SF

      Downtown Albany Brick Office Building

      Updated, fully occupied office building in downtown Albany, Oregon.
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      View Details
    • New
      $890,000
      4,524 SF

      Mixed-Use Property in Downtown Albany

      Multi-tenant property with office, retail, and residential units.
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      Downtown Albany Commercial Gem

      Historic building, high visibility, flexible space.
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    • $945,000
      1.00 Acre

      Albany Commercial Redevelopment Opportunity

      One-acre commercial land with redevelopment potential in Albany, Oregon.
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    • $775,000
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      Albany Duplex on Large Lot

      Duplex on 0.97 acre lot with shop and RV storage.
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    Similar Nearby for Lease

    • Contact for pricing
      3,855 SF

      Class B Office Space Available

      3,855 RSF office space for rent, ample parking.
      804-808 Old Salem Rd NE, Albany, OR 97321
      View Details
    • Contact for pricing
      4,000 SF

      Albany Office Space For Rent

      4000 sqft office space available for rent in Albany.
      442 1St Ave Nw, Albany, OR 97321
      View Details
    • Contact for pricing

      Warehouse Spaces Near Highway 34

      Two warehouse spaces available between Corvallis and I-5.
      33976 Texas St SW, Albany, OR 97321
      View Details
    • Contact for pricing
      5,668 SF

      Retail Space in Albany, Oregon

      Retail space available for lease in Albany, Oregon.
      320 Ellsworth St SW, Albany, OR 97321
      View Details
    • Contact for pricing
      6,000 SF

      Albany Warehouse with Fenced Yard

      6,000 SF warehouse on 1.99 acres, fully fenced.
      30659 Or-34, Albany, OR 97321
      View Details
    View Listing
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    330 SW Washington St
    Albany, OR 97321
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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.

    More about this property
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