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418-424 1st Ave E 4,524 SF 100% Leased Office Building Albany, OR 97321 $890,000 ($196.73/SF) 5.70% Cap Rate
Investment Highlights
- 8 unit mix of office retail and residential
- convient downtown location.
- 15 off street parking spaces and signage
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Building Size
4,524 SF
Building Class
B
Year Built
1980
Price
$890,000
Price Per SF
$196.73
Cap Rate
5.70%
NOI
$50,730
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,524 SF
Building FAR
0.31
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
CB - 8 unit multi-tenant office, retail and residential mix with a convenient downtown Albany location. 4,524 SF in three separate buildings on 3 tax lots.
Parking
15 Spaces (3.32 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $226,690 | |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$226,690
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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418-424 1st Ave E
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