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Financial
Distress signals
Property profile

345 Northwest 2Nd St Corvallis, OR 97330

FOR SALE
Commercial real estate
Property ID
US71-0939749
22,156 SF 0.46 ac lot Built 1979
Last sale May 2008 · $1,849,900
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 64-key Rodeway Inn hotel in Corvallis, Oregon, situated near Oregon State University and the Willamette Riverfront Park. The property boasts 34,040 square feet across two two-story buildings, constructed in 1979. The hotel features a diverse range of room types, including four King-size family suites with jetted spa baths, along with King and Queen single and double rooms. A separate building houses a four-bedroom, two-bathroom manager's…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$34k
Tax billed · 2023
Assessed value$1.82M
Effective rate1.89%

Value estimate

· Oct 2026
$1.87M
$1.68M – $2.05M
Submarket $/SF estimate$3.46M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$229/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$149 – $297
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CMU-3
This zone implements the Central Business Comprehensive Plan designation, and is intended to guide the development of the Central Busines...
General categoryMIXED_USE
JurisdictionBENTON

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service10.6
Storage Facility9.9
HVAC Service9.5

Location

345 Northwest 2Nd St Corvallis, OR 97330
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2350 9th, Corvallis, OR 97330-1557 $1,440,000 Dec 2024 5,720 SF
750 Cornell, Corvallis, OR 97330-4515 $450,000 Nov 2024 6,252 SF
151 Monroe, Corvallis, OR 97330-4708 $2,250,000 Apr 2024 14,446 SF
703 Cir, Corvallis, OR 97330-4206 $790,000 Mar 2022 7,136 SF
1025 9th, Corvallis, OR 97330-6175 $1,500,000 Nov 2021 7,934 SF
777 Kings, Corvallis, OR 97330-5620 $700,180 Apr 2021 55,479 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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