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Property profile & analytics
OFF-MARKET
Commercial land
802 7th SE Ave, Albany, OR 97321-3131
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0518035
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.81 ac (35,284 SF)
APN
11S 03W 07AB 07301
UPID
US71-0518035
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rail Center Complex LLC · 4 yrs held
Rail Center Complex LLC
since 2021
Last sale
$325,000
1 recorded transaction
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,391
Tax year 2023
Assessed value
$343,420
Assessed 2023
Previous assessed
$333,420
+3.0% YoY
Effective rate
1.86%
On assessed value
Land market value
$382,090
Total market value
$382,090
Applied tax rate
846.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.81 ac (35,284 SF)
APN
11S 03W 07AB 07301
UPID
US71-0518035
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.81 ac
Current owner
From public records · entity-resolved
Rail Center Complex LLC
Entity
Mailing address
505 MAIN ST SE, ALBANY, OR 97321-3163
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2021
$325,000
Rail Center Complex LLC
Julie Sanford
Warranty Deed
$300,000 · Julie Sanford
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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