1215 Main StPhilomath, OR 97370

  • Office properties
  • 6,959 SF
For Lease
$24/SF/YR View listing

Property Details for 1215 Main St

Year built
1900
Lot size
0.30 AC
Property size (Sq ft)
6,959 SF
Zone code
C-1
Property type
Office properties
Property subtype
Other office properties
APN
12612CA04600
APU
12612CA04600

Description

This exceptional 520 sq ft office space is ideally located on the first floor of the Main St Station building in downtown Philomath, Oregon. The suite boasts two private offices with natural light from exterior windows, a spacious reception area easily accommodating two small workstations, and a dedicated file/storage room. This single-tenant space offers a convenient and professional environment for businesses of various sizes. The property sits on a 0.31-acre lot and is part of a larger commercial building. For added space, an adjacent 225 sq ft suite (Suite 104) is available for an additional monthly rent. Additionally, a 260 sq ft shop bay is also available for lease, perfect for extra storage or a small vehicle (non-automotive repair use only). Ample parking is provided both on-site and on the street, complemented by a prominent monument sign for enhanced visibility. The property is located at 1215 Main St, Suite 100, Philomath, OR 97370, in Benton County. This versatile space presents a fantastic opportunity for businesses seeking a well-appointed and conveniently located office in a thriving community. The property is classified as both office and land, offering flexibility for various business needs.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,278,457
    6.5%
    $1,180,114
    7%
    $1,095,820
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,096,071
    Geo Method
    $1,783,105
  • Alternative Use

    Use
    Valuation
    Residential
    $1,463,342
    Hospitality
    $1,340,413
    Educational
    $1,115,208
    Medical
    $1,153,562
    Retail
    $1,734,768
1215 Main St, Philomath, Oregon

Location Insight

City
Philomath
County
Benton
State
Oregon
Latitude
44.5405
Longitude
-123.369
CBSA code
18700
CBSA name
CORVALLIS, OR METROPOLITAN 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
$6,996
-
-
$333,830
-
$387,034
$266,356
$653,390

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