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    Property profile & analytics

    424 1St Ave Albany, OR 97321

    • Investment properties
    • 8,619 SF
    • 0.08 lot acres
    For Sale
    View listing
    $699,000
    Value Estimation
    Location Intelligence
    Property ID
    US71-0425885
    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.

    Current Use by Public Records

    • Bike N Hike / Bicycle Repair Shop / Exercise Equipment Store
    • I.S.I World Of Roofing / Roofing Contractor

    Property Details for 424 1St Ave

    Year built
    1980
    Lot size
    0.08 lot acres
    Property size
    8,619 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    11S 03W 06CD 10401
    APU
    11S03W06CD10401

    Description

    This exceptional 5,228 square foot commercial property, located at 424 1st Avenue, Unit 424 in the heart of Albany, Oregon, presents a unique investment opportunity. Built in the 1900s, this classic historical building boasts 7,264 square feet of stunning glass-front retail space, providing unparalleled visibility and street presence. The property features 50 feet of frontage on 1st Street, ensuring maximum exposure to potential customers. Currently configured as a single large space, the layout offers incredible flexibility. The open floor plan is ideal for a variety of retail or commercial uses, and the existing structure allows for easy division into multiple tenant units, maximizing rental income potential. Behind the expansive display area, ample back storage space is available, complemented by two functional loft areas, adding versatility and potential for additional office or storage space. The building's character is further enhanced by its exposed brick and glass construction, creating a unique and attractive aesthetic. The roof is a TPO membrane, approximately 10 years old, ensuring long-term structural integrity. The 0.06-acre lot provides convenient access and ample space for customer parking or outdoor displays. This property is a rare find, combining historical charm with modern functionality in a prime downtown location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.1
    Latitude
    44.6377
    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
    $1,367
    $0.00
    $0.00
    $68,650
    -
    $59,390
    $98,730
    $158,120

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    424 1St Ave
    Albany, OR 97321
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    Realmo Value Estimation

    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.

    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.

    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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