Renovated Flex Space with Dock
For Sale
$6,950,000
1075 Arrowsmith St, Eugene, OR 97402
Industrial facility combines warehouse loading with extensive office areas.
Property Size45,547 SF
Price / SF$152.59
Days on Market42
Property Features for 1075 Arrowsmith St
General Information
Standard status
Active
Size
45,547 SF
Total Parking Spaces
81
Warehouse & Industrial
Clear Height
24 ft
Dock-High Doors
2
Drive-In Doors
1
Power
600 amps
Three-Phase Power
Yes
Additional Details
Road Access
Yes
Building Details
Year Built
1981
Year Renovated
2022
Buildings
1
Building Size
45,547 SF
Listing Agency:
ICON Real Estate Group
(541) 915-2080
Listed By:
Olaf Junge · License #200705018
Source:
Evokepropertypartners
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 25 at 4:31AM
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 ICON Real Estate Group
Investment Insights
Based on property information with market context.
This 45,547-square-foot flex facility includes warehouse and office components within a building originally constructed in 1981. A 2022 renovation replaced most of the roof and most HVAC systems while upgrading electrical service to 600-amp, 3-phase power. Warehouse operations are supported by two dock-high doors, one grade-level truck door, 22–24-foot clear heights, and gas radiant heat.
The office layout includes approximately 22 ground-floor offices and 15 second-floor offices, along with two main-level executive offices. Mahogany finishes, gas heat, and air conditioning serve the office areas. The property includes 81 on-site parking spaces and an additional parcel fronting W. 11th Avenue. Located at 1075 Arrowsmith St in Eugene, the facility is positioned along a commercial corridor with traffic counts approaching 36,000 vehicles per day.
The office layout includes approximately 22 ground-floor offices and 15 second-floor offices, along with two main-level executive offices. Mahogany finishes, gas heat, and air conditioning serve the office areas. The property includes 81 on-site parking spaces and an additional parcel fronting W. 11th Avenue. Located at 1075 Arrowsmith St in Eugene, the facility is positioned along a commercial corridor with traffic counts approaching 36,000 vehicles per day.
Key Highlights
- 45,547 SF flex warehouse and office facility
- 2022 renovation included roof, HVAC, and electrical upgrades
- 600‑amp, 3‑phase electrical service
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
$485,485
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
6.99%
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%
$9,709,700
$9.7M
Cap Rate 7%
$6,935,500
$6.9M
Cap Rate 9%
$5,394,278
$5.4M
Market Conditions
NOI Build-Up for 45,547 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
$601.2K $13.20/SF
− Vacancy
−$30.1K −$0.66/SF
EGI
$571.2K $12.54/SF
− OpEx
−$85.7K −$1.88/SF
NOI
$485.5K $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%
$9,709,700
Cap Rate 7%
$6,935,500
Cap Rate 9%
$5,394,278
Alternative Uses
Best Use
Office B
$9.96M
$8.71M – $11.61M
NOI $696,869 @ 7.0% cap · market cap 10.03%
Second Best
Warehouse
$6.94M
$6.07M – $8.09M
NOI $485,485 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$13.74M
$12.02M – $16.03M
NOI $961,953 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Well-served
Demand for This Use
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial facility combines warehouse loading with extensive office areas.
Where is this flex space located?
The property is located at 1075 Arrowsmith St Eugene, OR.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: 45,547 SF flex warehouse and office facility; 2022 renovation included roof, HVAC, and electrical upgrades; 600‑amp, 3‑phase electrical service
