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Property profile & analytics
OFF-MARKET
Investment properties
904 Pacific SE Blvd Albany, OR 97321-3149
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US71-0300823
Property summary
AI-generated overview
This exceptional single-tenant property at 904 Pacific Blvd SE in Albany, Oregon, offers 1,608 square feet of versatile space ideal for retail, medical, or executive office use. The building features a single story with an 8-foot ceiling height and is situated within the 9th Ave Business Fourplex submarket cluster, near a Starbucks. Ample parking is provided with 20 spaces, ensuring convenient access for clients and employees. The strategic location boasts excellent visibility and accessibility, with easy ingress and egress to 9th Street, Madison Street, and Hill Street. A large reader board enhances visibility from Pacific Boulevard, maximizing exposure to potential customers and benefiting from the high traffic generated by the nearby Starbucks. The property's APN is 86468 and its zip code is 97321. This is a prime opportunity for businesses seeking a high-traffic location with strong visibility and ample parking in a thriving Albany commercial area. The property type is classified as Retail, Office, and Special Purpose.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1971
Total area
1,608 SF
Lot
0.09 ac (3,920 SF)
APN
11S 03W 07AA 03700
UPID
US71-0300823
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
-
Custom Eyes of Albany Optician Sunglasses Store
-
Michael Estes Physician
-
Dr. Spencer Ludlow Ophthalmologist
-
David Wheeler Ophthalmologist
-
Pathfinders Mortgage Loan Service Bank
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
Investment Mortgage Prop LLC · 21 yrs held
Investment Mortgage Prop LLC
since 2005
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
$3,561
Tax year 2023
Assessed value
$178,780
Assessed 2023
Previous assessed
$173,580
+3.0% YoY
Effective rate
1.99%
On assessed value
Land market value
$94,700
Improvement market value
$134,900
Total market value
$229,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1971
Heating
NONE
Stories
1
Total area
1,608 SF
Lot
0.09 ac (3,920 SF)
APN
11S 03W 07AA 03700
UPID
US71-0300823
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
Year built
1971
Heating
NONE
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Investment Mortgage Prop LLC
Entity
Mailing address
7642 OSTRANDER CT SE, OLYMPIA, WA 98501-9690
Ownership since
2005
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
Jan 14, 2005
$220,000
Investment Mortgage Prop LLC
Cba Investment Properties
Warranty Deed
$120,000 · Cba Investment Properties
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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