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    418 5th SW Ave Albany, OR 97321-2348
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    Property profile & analytics

    418 5th SW Ave, Albany, OR 97321-2348

    View on Map
    • Apartment buildings
    • 4,793 SF
    • 0.16 lot acres
    Off-Market
    Last Sale Sep 29, 2021
    $635,000
    Property ID
    US71-0422514
    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
    $795,000
    Show details
    Cap Rate Potential
    5.3%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 418 5th SW Ave

    Year built
    1900
    Lot size
    0.16 lot acres
    Property type
    Apartment buildings
    APN
    11S 03W 07BB 07400
    APU
    11S03W07BB07400

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 29, 2021 $635,000 Clowser Investments LLC Tyler C Davidow Warranty Deed $390k · Citizens Bank
    Mar 7, 2019 — Cathryn Davidow Davidow,tyler Quit Claim Deed —
    Mar 7, 2019 $155,000 Cathryn Davidow-root Mcreynolds Rex G Correction Deed —
    Sep 6, 2017 — 5th Ave Estate LLC — Trustees Deed · related $210k · Mary Guynup
    Jun 8, 2017 — 5th Ave Estate LLC Davidow,cathryn Grant Deed —
    Jun 26, 2014 — Cathryn Davidow — Trustees Deed · related $15k · William E Ekman
    Oct 10, 2011 — Cathryn Davidow Davidow,tyler Quit Claim Deed · related —
    Nov 22, 2010 — Tyler C Davidow Davidow-root,cathryn Quit Claim Deed · related $40k · John Dodge
    — — 5th Ave Estate LLC — Loan Modification · related $210k · Mary Guynup
    — — Cathryn Davidow — Deed Of Trust · related $110k · Bob G Mitchell

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $780,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $695,000
      6.5%
      $640,000
      7%
      $595,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,044,000
      Market price range: $618k - $1.58M
      AI Estimate
      $1,044,000
      Market price range: $618k - $1.58M

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.108
    Latitude
    44.6335
    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
    $5,378
    $0.00
    $0.00
    $269,990
    -
    $139,570
    $439,740
    $579,310

    Comparable in this City

    • Value Estimation
      $4,600,000
      25,852 SF

      3410 Pacific SW Blvd, Unit 13

      APARTMENT HOUSE (5+ UNITS)
      3410 Pacific SW Blvd, Albany, OR 97321-7739
      View Details
    • Value Estimation
      $11,465,000
      40,416 SF

      1042 Belmont SW Ave, Unit 13

      APARTMENT HOUSE (100+ UNITS)
      1042 Belmont SW Ave, Albany, OR 97321-3715
      View Details
    • Value Estimation by Request
      735 SF

      910 20th SW Ave

      APARTMENT HOUSE (5+ UNITS)
      910 20th SW Ave, Albany, OR 97321-3510
      View Details
    • Value Estimation
      $765,000
      2,792 SF

      625 2nd SE Ave

      APARTMENT HOUSE (5+ UNITS)
      625 2nd SE Ave, Albany, OR 97321-2761
      View Details
    • Value Estimation
      $1,780,000
      12,320 SF

      430 6th SW Ave

      APARTMENT HOUSE (5+ UNITS)
      430 6th SW Ave, Albany, OR 97321-2387
      View Details
    • Value Estimation
      $1,815,000
      8,320 SF

      1015 9th SW Ave

      APARTMENT HOUSE (5+ UNITS)
      1015 9th SW Ave, Albany, OR 97321-2094
      View Details

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      10,840 SF

      Downtown Albany Brick Office Building

      Updated, fully occupied office building in downtown Albany, Oregon.
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    • $9,500,000

      Industrial Property with Rail Spur

      11.89-acre industrial property with warehouse, office, and rail access.
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    • $124,500
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      Vacant Multifamily Zoning Land

      Vacant residential land with RM zoning, suited for duplex and triplex concepts, with significant wetland considerations.
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      2,955 SF

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    Similar Nearby for Lease

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      5,668 SF

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      Retail space available for lease in Albany, Oregon.
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      6,000 SF

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      4,000 SF

      Albany Office Space For Rent

      4000 sqft office space available for rent in Albany.
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    • New
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      Automotive Service and Warehouse Property

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    • Contact for pricing
      3,855 SF

      Class B Office Space Available

      3,855 RSF office space for rent, ample parking.
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      View Details
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    Albany, OR 97321-2348
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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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