Food Production Manufacturing
For Sale
Contact for pricing
1061 W 2nd Ave, Eugene, OR 97402
Industrial facility with food-grade improvements, loading access, and dedicated office space for production or owner-user operations.
Property Size7,861 SF
Price / SF$183.82
Days on Market207
Property Features for 1061 W 2nd Ave
General Information
Standard status
Active
Size
7,861 SF
Class
A
Property subtype
Industrial
Zoning
I-2 Zoning (Light - Medium Industrial)
Listing Agency:
Campbell Commercial Real Estate
(541) 484-2214
Listed By:
Bill Newland · License #OR 200812038
Source:
Crexi
Added: Feb 4
Changed: Aug 29
Last Checked: Aug 29 at 5:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Campbell Commercial Real Estate
Investment Insights
Based on property information with market context.
This 7,861 SF concrete tilt-up manufacturing building is configured for food production and includes a modern Class A office component on the second floor. The facility has I-2 zoning, 3-phase power, three grade-level doors, and food-oriented improvements including a commercial oven, several ventilation hoods, pallet racking, and a ±351 SF walk-in cooler. Its existing configuration supports manufacturing, processing, and related owner-user operations.
The property is located in Eugene’s Whiteaker neighborhood with access to downtown Eugene, Beltline Highway, and the area’s established industrial corridor. The combination of industrial zoning, production infrastructure, loading capability, and finished office space provides a functional base for an operating manufacturing business.
The property is located in Eugene’s Whiteaker neighborhood with access to downtown Eugene, Beltline Highway, and the area’s established industrial corridor. The combination of industrial zoning, production infrastructure, loading capability, and finished office space provides a functional base for an operating manufacturing business.
Key Highlights
- 7,861 SF concrete tilt‑up manufacturing building
- I‑2 Zoning (Light - Medium Industrial)
- Built‑out food production facility with commercial oven and ventilation hoods
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,790
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,675,800
$1.7M
Cap Rate 7%
$1,197,000
$1.2M
Cap Rate 9%
$931,000
$931.0K
Market Conditions
NOI Build-Up for 7,861 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$103.8K $13.20/SF
− Vacancy
−$5.2K −$0.66/SF
EGI
$98.6K $12.54/SF
− OpEx
−$14.8K −$1.88/SF
NOI
$83.8K $10.66/SF
Area
Eugene, OR
Vacancy
5.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,675,800
Cap Rate 7%
$1,197,000
Cap Rate 9%
$931,000
Alternative Uses
Best Use
Warehouse
$1.20M
$1.05M – $1.40M
NOI $83,790 @ 7.0% cap · market cap 5.80%
Second Best
Flex RnD
$1.15M
$1.01M – $1.34M
NOI $80,692 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,024 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
Explore this area
Business Placement
Demographics for 97402, OR
56,610
Population
23,882
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
91%
High-School Grad
68.6 sq mi
ZIP Area
825
Density / Sq Mi
$55,743
Median Household Income
$35,728
Median Earnings
$1,287
Median Rent
$330,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility with food-grade improvements, loading access, and dedicated office space for production or owner-user operations.
Where is this manufacturing property located?
The property is located at 1061 W 2nd Ave Eugene, OR.
What is the asking price?
The asking price for this property is $1,445,000.
What are key features of this property?
This property features: 7,861 SF concrete tilt‑up manufacturing building; I‑2 Zoning (Light - Medium Industrial); Built‑out food production facility with commercial oven and ventilation hoods
