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    Property profile & analytics

    707 Main St Lebanon, OR 97355

    • Investment properties
    • 0.11 lot acres
    For Sale
    View listing
    $520,000
    Value Estimation
    Last Sale
    Dec 27, 2022
    $415,000
    Location Intelligence
    Property ID
    US71-1850215
    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

    • Laurel Springs School / School
    • The Hive Thrift Boutique LLC / Thrift Store

    Property Details for 707 Main St

    Year built
    1920
    Lot size
    0.11 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    12S 02W 11CB 05500
    APU
    12S02W11CB05500

    Description

    This exceptional investment opportunity presents a fully occupied four-unit commercial building ideally situated on a prominent corner lot at the intersection of Main and Sherman Streets in the heart of Lebanon, Oregon. Boasting 4,208 square feet on a 0.21-acre lot, this property offers significant street presence with 208 feet of Main Street frontage. The building features three separate entrances, providing convenient access for each of the four units. Recent upgrades enhance the property's value and efficiency, including a new roof installed in 2020, energy-efficient LED lighting throughout, a completely updated sewer system completed in 2024, and modernized bathrooms. Furthermore, two newer HVAC units ensure optimal climate control for tenants. The property's strong occupancy and recent improvements contribute to an attractive 7.14 cap rate, making it an ideal addition to any investor's portfolio. The private parking lot provides ample space for tenants and visitors. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a desirable downtown location. The current tenants are in place, and their privacy should be respected

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $550,000

    • CAP approach

      CAP return
      Estimation
      6%
      $505,000
      6.5%
      $465,000
      7%
      $515,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $410,000
      Geo Method
      $530,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $480,000
      Retail
      $565,000
      Mixed-Use
      $445,000
      Hospitality
      $420,000
      Educational
      $420,000
      Residential Income
      $495,000
      Energy
      $425,000
      Income-Based Land
      $550,000
      Food Service
      $570,000

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Linn
    State
    Oregon
    Longitude
    -122.907
    Latitude
    44.539
    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
    $1,988
    $0.00
    $0.00
    $94,930
    -
    $62,650
    $285,040
    $347,690

    Comparable in this City

    • Value Estimation by Request
      16,581 SF

      661 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 16,581 SF
      661 Main St, Lebanon, OR 97355-3338
      View Details
    • Value Estimation by Request
      0.19 Acres

      Lebanon, OR 97355

      OFFICE/RESIDENTIAL (MIXED USE) • 0.19 Acres
      Lebanon, OR 97355
      View Details
    • Value Estimation by Request
      0.17 Acres

      Lebanon, OR 97355

      OFFICE/RESIDENTIAL (MIXED USE) • 0.17 Acres
      Lebanon, OR 97355
      View Details
    • Value Estimation by Request
      6,000 SF

      31 Ash St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,000 SF
      31 Ash St, Lebanon, OR 97355-3317
      View Details
    • Value Estimation by Request
      0.07 Acres

      505 Park St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.07 Acres
      505 Park St, Lebanon, OR 97355-3313
      View Details
    • Value Estimation by Request
      3,900 SF

      66 Sherman St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,900 SF
      66 Sherman St, Lebanon, OR 97355
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $100,006
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      Class A Office Space

      Corner lot office space with high visibility and flexible layout.
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    • $13 SF/Yr
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      Lebanon Retail Suites: Prime Location

      Three suites available; high traffic area.
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      View Details
    • Contact for pricing
      3,587 SF

      Retail Space in Lebanon, Oregon

      Retail spaces available in new Lebanon shopping center.
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      View Details
    • $74,014
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      Corner lot office space with high traffic count and parking.
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    • $1.15 SF/Yr
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      Lebanon Retail/Office Space Available

      Three suites available for lease in central Lebanon.
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      View Details
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    707 Main St
    Lebanon, OR 97355
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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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