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Property profile & analytics
OFF-MARKET
Estimated value
$2,700,000
Medical Office Space
601 Hickory NW St Albany, OR 97321-1752
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0782147
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
7,150 SF
Lot
1.13 ac (49,223 SF)
Zoning code
MUC
APN
11401AD01400
UPID
US71-0782147
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Corvallis Clinic-North Albany: Adkisson Stan J MD Physician
-
River's Edge Pet Medical Center Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.70M
Owner & transaction history
M&m Veterinary Corp · 5 yrs held
M&m Veterinary Corp
since 2021
Last sale
$2.7M
5 recorded transactions
Zoning & alternative use
MUC · Albany, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,120,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.70M
Range $2.43M – $2.97M · ±10% · vs last sale $2.70M (Sep 29 2020)
Last sale anchor
$2.70M
Sep 29 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$378 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,372
Tax year 2023
Assessed value
$1,028,826
Assessed 2023
Previous assessed
$998,860
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$1,181,352
Improvement market value
$2,446,928
Total market value
$3,628,280
Applied tax rate
801.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
7,150 SF
Lot
1.13 ac (49,223 SF)
Zoning code
MUC
APN
11401AD01400
UPID
US71-0782147
Jurisdiction
BENTON
Zoning & alternative use
MUC · Albany, OR
Zoning MUC · permitted uses
MUC · Albany, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albany. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
M&m Veterinary Corp
Entity
Mailing address
202 HICKORY ST NW, ALBANY, OR 97321-1725
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2021
—
M&m Veterinary Corp
Hickory Dickory Dawg Does LLC
Lease
$1,114,000 · Cascade Capita Funding
Sep 29, 2020
$2,700,000
Hickory Dickory Dawg Docs LLC
Umr Bbs North Albany LLC
Warranty Deed
$2,430,000 · Willamette Community Bank
Sep 7, 2012
$2,850,000
Umr Bbs North Albany LLC
North Albany Village LLC
Warranty Deed
related
—
Feb 16, 2007
—
North Albany Village LLC
North Albany Investments LLC
Quit Claim Deed
related
—
—
—
North Albany Village LLC
—
Deed Of Trust
related
$1,850,000 · Standard Insurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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