Property profile

3615 Spicer SE Dr Albany, OR 97322

OFF-MARKET
Office Spaces
Property ID
US71-1023957
3,992 SF 1.44 ac lot Built 1966
Entity Owned 3-yr Hold
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Property summary

AI-generated overview

This exceptional 3,992 square foot ground-level office suite in Albany, Oregon, is available for immediate occupancy. Located at 3615 Spicer Dr SE, 97322, in Linn County, this single-tenant space is ideal for a variety of uses. The building currently houses a compatible rehabilitation and therapy center, making it a particularly attractive option for similar businesses. The existing zoning is a combination of Urban Growth Mgmt 5 Acre Minimum (UGM-5) and Urban Growth Area-Rural Residential-1 (UGA-RR-1), with a conditional use permit already in place for rehabilitation and therapy services. Please note that daycare providers are not currently permitted on the site. The property offers a flexible layout suitable for traditional office, medical office, or creative office uses. The lease rate is $1.25 per square foot per month, NNN. This presents a unique opportunity to secure a well-located, readily available office space in a thriving community. The property's location provides convenient access to local amenities and transportation routes. Interested parties should inquire promptly to schedule a viewing.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1966
Total area 3,992 SF
Lot 1.44 ac (62,726 SF)
APN 11S 03W 09D 01701
UPID US71-1023957

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
  • Physician
  • Physician
  • Physician
  • High School Daycare Center
  • Physician

Location

3615 Spicer SE Dr Albany, OR 97322-7043
Albany metro Census 20103 ALBANY-LEBANON, OR MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$725k
Comparable Approach Comparable
$767k
Blend (final) Blend
$650k

Owner & transaction history

since 2023
Last sale
$490,000
6 recorded transactions
2023
$490,000
2022
$490,000
2021
$105,000
2021
Price N/A
2018
Price N/A
2004
$410,000

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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