Renovated Flex Industrial
For Sale
$6,950,000
1075 ARROWSMITH St, Eugene, OR 97402
CommercialSale, Eugene, OR
Property Size45,547 SF
Lot Size2.68 Acres
Price / SF$152.59
Days on Market58
Property Features for 1075 ARROWSMITH St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-2
Directions
West on W 11th, Right on Arrowsmith
Subdivision
_245
Standard status
Active
APN
1334695
Size
45,547 SF
Lot size
2.68 Acres
Taxes and HOA fees
Tax Description
To be provided at escrow. Includes Tax ID 1334711
Tax Annual Amount
54570
Legal Description
To be provided at escrow. Includes Tax ID 1334711
Utilities
Heating system
Radiant, Forced Air
Building Details
Year built
1981
Floors in Building
2
Building materials
Block, Stucco
Roof type
Membrane, Flat
Listing Agency:
ICON Real Estate Group
(541) 915-2080
Listed By:
Olaf Junge · License #200705018
(541) 520-7896
Added: Jun 30
Changed: Jul 29
Last Checked: Aug 26 at 2:06AM
MLS# 474893256
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.
Investment Insights
Based on property information with market context.
This 45,547-square-foot flex facility combines warehouse and office functions within a 1981 building renovated in 2022. Improvements included replacement of most of the roof, upgrades to most HVAC systems, and a significant electrical enhancement providing 600-amp, 3-phase power. The warehouse has two dock-high doors, one grade-level truck door, 22-24 foot clear heights, and gas radiant heat.
The office portion includes approximately 22 ground-floor offices and 15 second-floor offices, along with two executive offices on the main level. Mahogany finishes, gas heat, and air conditioning support the administrative areas. The property includes 81 on-site parking spaces and an additional parcel fronting W. 11th Avenue. Located on a primary commercial corridor in Eugene, the site has traffic counts approaching 36,000 vehicles per day. Zoning is I-2.
The office portion includes approximately 22 ground-floor offices and 15 second-floor offices, along with two executive offices on the main level. Mahogany finishes, gas heat, and air conditioning support the administrative areas. The property includes 81 on-site parking spaces and an additional parcel fronting W. 11th Avenue. Located on a primary commercial corridor in Eugene, the site has traffic counts approaching 36,000 vehicles per day. Zoning is I-2.
Key Highlights
- 45,547‑square‑foot flex warehouse and office facility on 2.68 acres
- 2022 renovation included most roof and HVAC replacements plus a 600‑amp, 3‑phase electrical upgrade
- Warehouse includes two dock‑high doors and one grade‑level truck door
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
Heavy power
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - I-2-zoned property combines warehouse loading with dedicated 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‑square‑foot flex warehouse and office facility on 2.68 acres; 2022 renovation included most roof and HVAC replacements plus a 600‑amp, 3‑phase electrical upgrade; Warehouse includes two dock‑high doors and one grade‑level truck door
