Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    855 Chicago SE St, Unit 53 Albany, OR 97322-4988

    • Apartment buildings
    • 28,672 SF
    • 1.89 lot acres
    OFF-MARKET
    Value Estimations
    $6,935,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0534382
    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

    • Santiam Terrace / Apartment Building / Apartment Complex
    • Bracelets of angels / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store

    Property Details for 855 Chicago SE St

    Year built
    1970
    Lot size
    1.89 lot acres
    Property size
    28,672 SF
    Property type
    Apartment buildings
    APN
    11S 03W 08BA 05400
    APU
    11S03W08BA05400

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,935,000
      Market price range: $3.70M - $9.47M
      AI Estimate
      $6,935,000
      Market price range: $3.70M - $9.47M

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.082
    Latitude
    44.633
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3.15 Acres

      1605 Oak SE St, Unit F307

      APARTMENT HOUSE (5+ UNITS) • 3.15 Acres
      1605 Oak SE St, Albany, OR 97322-4704
      View Details
    • Value Estimation
      $625,000
      1,888 SF

      2470 Queen SE Ave

      APARTMENT HOUSE (5+ UNITS) • 1,888 SF
      2470 Queen SE Ave, Albany, OR 97322-6860
      View Details
    • Value Estimation
      $625,000
      1,888 SF

      2532 Queen SE Ave

      APARTMENT HOUSE (5+ UNITS) • 1,888 SF
      2532 Queen SE Ave, Albany, OR 97322-6875
      View Details
    • Value Estimation
      $8,185,000
      35,790 SF

      638 32nd SE Ave, Unit 6

      APARTMENT HOUSE (5+ UNITS) • 35,790 SF
      638 32nd SE Ave, Albany, OR 97322-4111
      View Details
    • Value Estimation
      $11,385,000
      46,256 SF

      2730 7th SE Ave

      APARTMENT HOUSE (5+ UNITS) • 46,256 SF
      2730 7th SE Ave, Albany, OR 97322-5005
      View Details
    • Value Estimation
      $17,355,000
      52,527 SF

      829 Century NE Dr

      APARTMENT HOUSE (5+ UNITS) • 52,527 SF
      829 Century NE Dr, Albany, OR 97322-4589
      View Details

    Similar Nearby for Sale

    • $1,100,000

      Versatile Property with Income Potential

      Property near Albany with multiple rental streams and income potential.
      253 Scravel Hl -375 Rd NE, Albany, OR 97322
      View Details
    • Contact for pricing
      3,456 SF

      Well-Maintained Albany Fourplex For Sale

      Desirable Albany 4-plex with solid rents and recent upgrades.
      920 SE 18Th Ave, Albany, OR 97322
      View Details
    • $410,000
      2,080 SF

      Albany Duplex with Large Backyard

      Two homes in one with room to grow!
      2522/2520 Main St SE, Albany, OR 97322
      View Details
    • Contact for pricing
      3,456 SF

      Albany Fourplex with Recent Upgrades

      Well-maintained fourplex in Albany with strong rental income.
      910 SE 18Th Ave, Albany, OR 97322
      View Details
    • $575,000
      3,027 SF

      Albany Triplex with Garages

      South Albany triplex featuring garages, yards, and modern amenities.
      3426 3Rd Ave SE, Albany, OR 97322
      View Details
    • New
      $1,900,000
      3.00 Acres

      Three One-Acre Development Lots

      Three one-acre lots suitable for residential development in Albany, Oregon.
      4055 SE Spicer Dr, Albany, OR 97322
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Albany Plaza

      Retail space for lease in Albany's shopping area.
      14th St & Waverly Dr, Albany, OR 97322
      View Details
    • Contact for pricing

      Prime Land Near Interstate 5

      1.75 acres of land with high visibility and accessibility.
      950 Airport Rd SE, Albany, OR 97322
      View Details
    • Contact for pricing

      Commercial Land Near I-5 Freeway

      1.19 acres of commercial land visible from I-5.
      1731 Fescue St SE, Albany, OR 97322
      View Details
    • Contact for pricing
      33,270 SF

      Albany Retail Anchor Opportunity

      33,270 SF anchor space with national co-tenants.
      2000 14Th Ave SE, Albany, OR 97322
      View Details
    • Contact for pricing
      4,013 SF

      Retail Space Near Heritage Mall

      Retail space adjacent to Heritage Mall, Albany, Oregon.
      1290 SE Geary St, Albany, OR 97322
      View Details
    • Contact for pricing

      Interstate 5 Frontage Industrial Development

      68-acre industrial development with proposed 1,170,775 SF distribution facility.
      2910 Three Lakes Rd SE, Albany, OR 97322
      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.
    855 Chicago SE St, Unit 53
    Albany, OR 97322-4988
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!