Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2 Storey Blvd Eugene, OR 97405

    View on Map
    Sponsored
    For Sale
    $195,000

    LAND - Eugene, OR

    Type:Single Family Residence
    Lot size:
    0.18 Acres
    Days on Market:
    42
    Last Refresh:
    Mar 17 at 8:06 am

    Property Features for 2 Storey Blvd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    R-1
    APN
    1915069
    Lot size
    0.18 Acres

    We can help!

    Listing Contact
    Sara Buchanan

    ICON Real Estate Group (541) 729-4063

    Listing agent Sara Buchanan (541) 915-2080

    Listing date Feb 3, 2026

    MLS# 653467150

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Buildable Lot Near Wayne Morse Ranch

    This 0.18-acre buildable lot is located near Wayne Morse Ranch City Park. The property is within the South Eugene High School attendance zone. Utilities are available at the street. The property is identified as Parcel 2 of two available lots. Architectural plans are available at additional cost. The property is zoned R-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.103085
    Latitude
    44.022102

    Nearby Similar for Sale

    • $599,900
      2,682 SF

      Two Homes, One Lot

      Dual-home setup with rental income and development potential.
      1445 W 11Th Ave, Eugene, OR 97402
      View Details
    • $640,000
      2,656 SF

      Remodeled Duplex on Corner Lot

      Updated duplex with strong income potential in Eugene, Oregon.
      2090 Minnesota St, Eugene, OR 97401
      View Details
    • New
      $750,000
      3,792 SF

      Eugene Multifamily Investment Opportunity

      Four units near downtown Eugene with strong rental income.
      561 Madison St, Eugene, OR 97402
      View Details
    • $725,500
      2,708 SF

      Corner-Lot Duplex in Lake Shore

      Duplex with flexible living options in gated community.
      2063 Lake Wind Dr, Eugene, OR 97408
      View Details
    • New
      $749,000
      4,101 SF

      Eugene Duplex Near University

      Spacious duplex near the University of Oregon with rental income.
      508 E 14Th Ave, Eugene, OR 97401
      View Details
    • New
      $399,000
      2,218 SF

      Eugene Duplex: Investment Opportunity

      Jefferson Westside/Whiteaker neighborhood duplex with high walk score.
      561 Madison St, Eugene, OR 97402
      View Details
    • $620,000
      2,256 SF

      Duplex in Gated Community

      Well-maintained duplex with income potential in Lake Shore Estates.
      1880 Lake Cove Ave, Eugene, OR 97408
      View Details
    • New
      $399,000
      0.10 Acres

      Eugene Duplex: Investment Opportunity

      Duplex in Jefferson Westside/Whiteaker Neighborhood. Great investment opportunity.
      577 Madison St, Eugene, OR 97402
      View Details
    • New
      $579,000
      2,208 SF

      Eugene Duplex Near UofO Campus

      Rare duplex near UofO, ideal for investors or owner-occupants.
      1826 Mill St, Eugene, OR 97401
      View Details
    • New
      $1,500,000
      4,541 SF

      Two Homes on Park-Like Acre

      Two homes on one acre, ideal for multi-generational living.
      2011 River Loop 1, Eugene, OR 97404
      View Details
    • $599,000
      2,400 SF

      South Hills Duplex Opportunity

      Well-maintained duplex in Eugene's South Hills with versatile living options.
      1210 E 38Th Ave, Eugene, OR 97405
      View Details
    • $399,900
      1,662 SF

      West Eugene Duplex with Upgrades

      Two-unit property with recent upgrades in West Eugene neighborhood.
      465 Davis St, Eugene, OR 97402
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Buildable 0.18 acre lot near Wayne Morse Ranch City Park.
    Where is this residential land & home lot located?
    The property is located at 2 Storey Blvd Eugene, OR.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: - Prime location near Wayne Morse Ranch City Park; - Buildable .18 acre lot; - Located within the South Eugene High School attendance zone
    (541) 815-2078
    Request Owner's contact information
    2 Storey Blvd Eugene, OR 97405
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2 Storey Blvd
    Eugene, OR 97405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 Storey Blvd Eugene, OR 97405
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sara Buchanan
    Real Estate License ID: 201223327
    (541) 815-2078 (541) 915-2080
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!