Property profile

4825 Research Way Corvallis, OR 97333

OFF-MARKET
Commercial land
Property ID
US71-0805782
1.24 ac lot
Individually Owned 14-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This newly constructed, 8,000-square-foot retail building in Corvallis, Oregon, presents a fantastic opportunity for businesses seeking a high-visibility location. Situated in a thriving business corridor near Oregon State University, the property boasts excellent access to major roads and public transportation, ensuring convenient commutes for employees and clients. The single-story building, constructed in 2023, features four suites, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 8,000 square feet. Currently, 4,000 square feet is available. Ample on-site parking with 16 spaces is provided for tenants and visitors. The property is zoned CMU-2 and offers flexible floor plans suitable for a variety of uses, including restaurants, retail shops, or professional services. Its prime location near Oregon State University and convenient access to amenities ensures high foot traffic and visibility. The building is professionally managed and well-maintained, providing a clean and professional environment for businesses to thrive. This Class B property offers a unique chance to establish a presence in a dynamic and growing area. The APN is 12504CD00200. Don't miss this chance to secure your ideal commercial space in Corvallis.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.24 ac (54,014 SF)
Zoning code CMU-2
APN 12504CD00200
UPID US71-0805782

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
  • Restaurant Take-out & Catering

Location

4825 Research Way Corvallis, OR 97333-1099
Corvallis metro Census 202 CORVALLIS, OR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2012
5 recorded transactions
2012
$1.2M
2002
Price N/A
1996
$8,570
1996
$68,570
1969
Price N/A

Zoning & alternative use

CMU-2 · Corvallis, OR
Zoning description

This zone is intended to form the commercial core of comprehensive neighborhoods as envisioned by the Comprehensive Plan, this zone is anticipated within Major Neighborhood Center Study Areas, although they can be approp…

General category MIXED_USE

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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