1318 9Th StCorvallis, OR 97330

Property Details for 1318 9Th St

Year built

1998

Lot size

0.47 AC

Property size (Sq ft)

7,580 SF

Zone code

CMU-2

Property type

Retail space

APN

11526DC02900

APU

11526DC02900

Description

This exceptional 7,721 square foot Class A office building, located at 1318 NW 9th Street in Corvallis, Oregon, presents a unique owner-user opportunity. Built in 1998 and renovated in 2022, the property boasts a prime location on a high-traffic commercial artery, offering excellent visibility and signage opportunities. Currently housing two tenants, generating a pro-forma NOI of $140,107 and a 7.01% cap rate, this investment provides immediate income while offering significant expansion potential. The available 3,411 square foot end-cap suite (Suite 100) comprises approximately 44% of the building, ideal for an owner-occupier. This versatile space features at least eight offices, a conference room, waiting room, a large demisable area with a sink, a break room/kitchenette, and a bathroom. The property sits on a 0.47-acre lot, zoned CMU-2, allowing for a wide range of commercial uses. Its proximity to Oregon State University (OSU) further enhances its appeal, benefiting from the strong demand in this vibrant market. The asking price is $1,999,000, with a price per square foot of $258.90. Additional space is also available for lease. This property offers a compelling blend of immediate income, long-term growth potential, and a strategic location in a thriving Oregon community. The property is conveniently located at a Corvallis Transit System stop.

• CAP approach

  CAP return

  Valuation

  6%

  $1,545,910

  6.5%

  $1,427,000

  7%

  $1,325,070

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,241,640

  Geo Method

  $2,019,910

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,730,080

  Mixed-Use / Specialty

  $1,443,210

  Hospitality / Lodging

  $1,086,560

  Office

  $1,456,810

  Institutional / Educational

  $1,507,960

  Residential Income

  $1,764,320

  Multifamily

  $1,997,960

  Automotive / Energy

  $1,292,540

  Parking / Income-Based Land

  $424,998

  Restaurant / Food Service

  $796,074

  Healthcare / Senior Housing

  $1,458,140

Location Insight

City

Corvallis

County

Benton

State

Oregon

Latitude

44.5787

Longitude

-123.261

CBSA code

18700

CBSA name

CORVALLIS, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].