Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    802 7th SE Ave Albany, OR 97321-3131
    Back to Search
    Property profile & analytics

    802 7th SE Ave Albany, OR 97321-3131

    View on Map
    • Commercial land
    • 0.81 lot acres
    Off-Market
    Last Sale May 5, 2025
    $325,000
    Property ID
    US71-0518035
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 802 7th SE Ave

    Lot size
    0.81 lot acres
    Property type
    Commercial land
    APN
    11S 03W 07AB 07301
    APU
    11S03W07AB07301

    Description

    This exceptional 0.81-acre commercial land parcel in Albany, Oregon, presents a remarkable development opportunity. Located on Pacific Boulevard, the property boasts approximately 200 feet of high-visibility road frontage, ensuring excellent exposure for any business. Convenient paved access is available from 7th Avenue, and an existing paved parking lot is already in place. The lot is fully fenced for security. Previous development plans have undergone a site plan review and are available for review, offering a head start for potential projects. Alternatively, developers can create their own plans, subject to City of Albany approval. The property is zoned Community Commercial, allowing for a wide range of uses. All utilities are readily available on-site, making this a truly move-in ready location. This prime location in Linn County, Oregon, with its 97321 zip code, offers an unparalleled chance to establish a thriving business in a high-traffic area. The asking price is $434,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.095
    Latitude
    44.6333
    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
    $6,391
    $0.00
    $0.00
    $343,420
    -
    $382,090
    $0.00
    $382,090

    Comparable in this City

    • Value Estimation by Request
      0.22 Acres

      618 Madison SE St

      VACANT COMMERCIAL LAND • 0.22 Acres
      618 Madison SE St, Albany, OR 97321-3142
      View Details
    • Value Estimation by Request
      0.44 Acres

      6122 Pacific SW Blvd

      VACANT COMMERCIAL LAND • 0.44 Acres
      6122 Pacific SW Blvd, Albany, OR 97321-3751
      View Details
    • Value Estimation by Request
      0.17 Acres

      Albany, OR 97321

      VACANT COMMERCIAL LAND • 0.17 Acres
      Albany, OR 97321
      View Details
    • Value Estimation by Request
      0.87 Acres

      Albany, OR 97321

      VACANT COMMERCIAL LAND • 0.87 Acres
      Albany, OR 97321
      View Details
    • Value Estimation by Request
      0.17 Acres

      1016 7th SE Ave

      VACANT COMMERCIAL LAND • 1,042 SF
      1016 7th SE Ave, Albany, OR 97321-3135
      View Details
    • Value Estimation by Request
      0.33 Acres

      Albany, OR 97321

      VACANT COMMERCIAL LAND • 0.33 Acres
      Albany, OR 97321
      View Details

    Similar Nearby for Sale

    • $2,866,000

      Albany Commercial Development Opportunity

      26.32 AC industrial/commercial land near Highway 34 and I-5.
      R320157 Texas St Southwest, Albany, OR 97321
      View Details
    • $945,000
      1.00 Acre

      Albany Commercial Redevelopment Opportunity

      One-acre commercial land with redevelopment potential in Albany, Oregon.
      6123 Pacific Bl SW, Albany, OR 97321
      View Details
    • $124,500
      1.20 Acres

      Albany Land for Multifamily Development

      Vacant lot zoned for multi-family development near LBCC.
      N Of Morse Bl, Albany, OR 97321
      View Details
    • $9,500,000

      Industrial Property with Rail Spur

      11.89-acre industrial property with warehouse, office, and rail access.
      30685 Highway 34, Albany, OR 97321
      View Details
    • $280,000
      1.35 Acres

      Residential Land in Albany, Oregon

      Rare 1.35-acre lot ready for your dream home.
      NW Kouns Dr, Albany, OR 97321
      View Details
    • $995,000
      10.08 Acres

      Albany Land with Approved Development

      10.08 acres with city-approved development for 18 home sites.
      NW Maier Ln, Albany, OR 97321
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse Spaces Near Highway 34

      Two warehouse spaces available between Corvallis and I-5.
      33976 Texas St SW, Albany, OR 97321
      View Details
    • Contact for pricing
      3,855 SF

      Class B Office Space Available

      3,855 RSF office space for rent, ample parking.
      804-808 Old Salem Rd NE, Albany, OR 97321
      View Details
    • Contact for pricing
      5,668 SF

      Retail Space in Albany, Oregon

      Retail space available for lease in Albany, Oregon.
      320 Ellsworth St SW, Albany, OR 97321
      View Details
    • $0.99 SF/Yr
      6,000 SF

      Albany Warehouse with Fenced Yard

      6,000 SF warehouse on 1.99 acres, fully fenced.
      30659 Or-34, Albany, OR 97321
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    802 7th SE Ave
    Albany, OR 97321-3131
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    802 7th SE Ave, Albany, OR, 97321
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!