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Property profile & analytics
OFF-MARKET
Estimated value
$2,170,000
Office Spaces
977 Spruce Ave Corvallis, OR 97330-2111
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US71-0439539
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1960
Total area
9,106 SF
Lot
0.74 ac (32,234 SF)
Zoning code
CMU-2
APN
11526AC01100
UPID
US71-0439539
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
$2.17M
Blend (final)
Blend
$2.17M
Owner & transaction history
Keizer Ents LLC · 18 yrs held
Keizer Ents LLC
since 2008
7 recorded transactions
Zoning & alternative use
CMU-2 · Corvallis, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone is intended to form the commercial core of comprehensive neighborhoods as envisioned by the Comprehensive Plan, this zone is anticipated within Major Neighborhood Center Study Areas, although they can be appropriate in other areas as well
Zone name
Commercial Mixed Use 2
General category
MIXED_USE
Zone area
294.51 ac
Source
Realmo
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 Corvallis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corvallis 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.17M
Range $1.95M – $2.39M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$238 / SF
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
$21,889
Tax year 2023
Assessed value
$1,139,617
Assessed 2023
Previous assessed
$1,106,424
+3.0% YoY
Effective rate
1.92%
On assessed value
Land market value
$1,289,360
Improvement market value
$2,136,657
Total market value
$3,426,017
Applied tax rate
901.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1960
Heating
NONE
Stories
1
Total area
9,106 SF
Lot
0.74 ac (32,234 SF)
Zoning code
CMU-2
APN
11526AC01100
UPID
US71-0439539
Jurisdiction
BENTON
Zoning & alternative use
CMU-2 · Corvallis, ORZoning CMU-2 · permitted uses
CMU-2 · Corvallis, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone is intended to form the commercial core of comprehensive neighborhoods as envisioned by the Comprehensive Plan, this zone is anticipated within Major Neighborhood Center Study Areas, although they can be appropriate in other areas as well
Zone name
Commercial Mixed Use 2
General category
MIXED_USE
Zone area
294.51 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Keizer Ents LLC
Entity
Mailing address
PO BOX 1583, CORVALLIS, OR 97339-1583
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2013
—
Keizer Ents LLC
—
Deed Of Trust
related
$6,800,000 · O S U FCU
Dec 18, 2012
—
Keizer Ents LLC
—
Deed Of Trust
related
$6,492,734 · Umpqua Bank
Jun 23, 2011
—
Keizer Ents LLC
—
Deed Of Trust
related
$6,000,000 · Umpqua Bank
Feb 17, 2011
—
Keizer Ents LLC
—
Grant Deed
related
$4,450,000 · Umpqua Bank
Jan 25, 2008
$6,229,539
Keizer Ents LLC
Rcw Properties LLC
Grant Deed
$4,450,000 · Umpqua Bank
Jul 14, 2006
—
Rcw Properties LLC
Wilson,robert C
Warranty Deed
—
—
—
Keizer Ents LLC
—
Deed Of Trust
related
$250,000 · Oregon St Cu
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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