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Eugene Office Building For Sale
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1450 High St, Eugene, OR

Office building near University of Oregon and hospital for sale.

Property Size8,201 SF
Lot Size0.68 Acres
Price / SF$390.20
Days on Market1013

Property Features for 1450 High St

General Information

Standard status Active
Size 8,201 SF
Lot size 0.68 Acres
Property subtype OFFICE
Listing Agency: Evans, Elder, Brown & Seubert
Listed By: Kelsey Machuca (Schneider)
Source: Moodyscre
Added: Oct 25, 2023 Changed: Jul 6 Last Checked: Jul 21 at 5:50AM

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 Evans, Elder, Brown & Seubert

Investment Insights

Based on property information with market context.

This 8,201-square-foot office building is located near residential areas with single-family and multi-family apartments, the University of Oregon campus, and PeaceHealth Sacred Heart Medical Center. Nearby businesses include a 7-Eleven, barber shop, coffee shop, ramen restaurant, brewery, and a Safeway.

Key Highlights

  • Close proximity to the University of Oregon Campus
  • Convenient access to numerous restaurants and cafes like VeroEspresso and Toshi’s Ramen
  • Neighboring residential area with single‑family and multi‑family apartments

Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $196.8k $24.00
− Vacancy −$29.5k −$3.60
EGI $167.3k $20.40
− OpEx −$41.8k −$5.10
NOI $125.5k $15.30
8,201 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.79M
$1.57M – $2.09M (±1% cap)
NOI $125,475 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.47M
$2.17M – $2.89M (±1% cap)
NOI $173,205 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Columbia bank Bank

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Pet Grooming Service Kitchen & Bath Showroom Clothing & Fashion Store Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,468
Businesses Nearby

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office building near University of Oregon and hospital for sale.
Where is this office building located?
The property is located at 1450 High St Eugene, OR.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Close proximity to the University of Oregon Campus; Convenient access to numerous restaurants and cafes like VeroEspresso and Toshi’s Ramen; Neighboring residential area with single‑family and multi‑family apartments
(541) 345-4860 Call to check price and availability
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