Highway 101 Frontage Commercial
5129 N Loftus Rd Florence, OR 97439
For Sale
$950,000
Newer commercial building on 0.69 acres with Highway 101 frontage.
Property Size4,000 SF
Lot Size0.69 Acres
Price / SF$237.50
Days on Market746
Property Features for 5129 N Loftus Rd
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.69 Acres
Listing Agency:
TR Hunter Real Estate
(541) 999-8230
Listed By:
Timothy Sapp · License #911200216
(541) 999-8230
Source:
Exprealty
Added: Jul 15, 2024
Changed: Jul 6
Last Checked: Jul 29 at 1:20PM
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 TR Hunter Real Estate
Investment Insights
Based on property information with market context.
This newer commercial building, situated on 0.69 acres with frontage on Highway 101, presents an opportunity for various business ventures. The 4,000-square-foot structure includes three full, ADA-compliant bathrooms and four potential office spaces, along with a kitchen/break area. A roll-up door provides access to a large storage/work area suitable for large vehicles and equipment. The building also features an additional 1,800 square feet on the second floor, constructed with an I-beam subfloor system that offers build-out potential. The shop area is equipped with a 50A wall receptacle, hot and cold water bibs, and a sewer drain. Floor drains are located in the bathrooms, shop, and utility room. A water treatment system is installed. The property provides ample parking and a concrete walkway surrounds the building.
Key Highlights
- Highway 101 frontage for high visibility and accessibility.
- 4,000 sqft newer commercial building on 0.69 acres.
- Large storage/work area with roll‑up door, suitable for vehicles and equipment.
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 | $88.8k | $22.20 |
| − Vacancy | −$14.9k | −$3.73 |
| EGI | $73.9k | $18.47 |
| − OpEx | −$18.5k | −$4.62 |
| NOI | $55.4k | $13.85 |
4,000 SF · lease $22.20/SF/yr · vacancy 16.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$791.6K
$692.6K – $923.5K
NOI $55,411 @ 7.0% cap · market cap 5.83%
Second Best
Flex RnD
$656.3K
$574.3K – $765.7K
NOI $45,944 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$1.01M
$885.5K – $1.18M
NOI $70,836 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Newer commercial building on 0.69 acres with Highway 101 frontage.
Where is this flex space located?
The property is located at 5129 N Loftus Rd Florence, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Highway 101 frontage for **high visibility and accessibility**.; **4,000 sqft newer commercial building** on 0.69 acres.; Large storage/work area with roll‑up door, suitable for vehicles and equipment.
