Flex Space with Roll-Up
1560 SE Stephens St Roseburg, OR 97470
1560 SE Stephens St, Roseburg, OR, 97470
$350,000
For Sale
$350,000
Concrete block flex space near Highway 99 with 12 parking spaces, large roll-up door, office and two remodeled bathrooms.
Property Size3,555 SF
Price / SF$98.45
Days on Market768
Property Features for 1560 SE Stephens St
General Information
- Standard status
- Active
- Size
- 3,555 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing agency
Different Better Real Estate
(541) 236-2662
Listed by
Anthony Beckham · License #201219887
(541) 236-2662
Source
Allprofessionalsre
Added: Jun 14, 2024 Updated: Jul 20 at 5:05PM Checked: Jul 20 at 5:05PM
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 Different Better Real Estate
Investment Insights
Based on property information with market context.
This 3,555 square foot flex space is currently operating as a dance studio with long-term tenants in place. The concrete block building is designed for low-maintenance use and features an expansive, open main area with tall ceilings and multiple open areas. Additional improvements include a large roll-up door, an office area, and two bathrooms that have recently been remodeled.
The property is positioned just off Highway 99, where it transitions onto Stephens Street, supporting strong visibility and day-to-day accessibility. It is also located minutes from I-5. The site offers 12 off-street parking spaces for tenant and visitor convenience.
The existing lease is structured at $2,200 per month and includes a yearly inflation clause with scheduled rent increases of up to 10%, providing built-in growth over the lease term.
The property is positioned just off Highway 99, where it transitions onto Stephens Street, supporting strong visibility and day-to-day accessibility. It is also located minutes from I-5. The site offers 12 off-street parking spaces for tenant and visitor convenience.
The existing lease is structured at $2,200 per month and includes a yearly inflation clause with scheduled rent increases of up to 10%, providing built-in growth over the lease term.
Key Highlights
- 3,555 SF concrete block flex space built in 1978, currently operating as a dance studio with long‑term tenants in place
- 12 off‑street parking spaces plus a large roll‑up door for flexible access and use
- Main open space with tall ceilings and multiple open areas, with an office area
Local Financial Insights For Flex RnD
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 | $53.3k | $15.00 |
| − Vacancy | −$4.2k | −$1.17 |
| EGI | $49.2k | $13.83 |
| − OpEx | −$17.2k | −$4.84 |
| NOI | $32.0k | $8.99 |
3,555 SF · lease $15.00/SF/yr · vacancy 7.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$456.5K
$399.5K – $532.6K
NOI $31,958 @ 7.0% cap · market cap 9.13%
Second Best
Warehouse
$373.4K
$326.7K – $435.6K
NOI $26,138 @ 7.0% cap · market cap 7.47%
Theoretical Best
Specialty Retail
$615.3K
$538.4K – $717.8K
NOI $43,070 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Diamond Dance Studios ...
Training Center
Roseburg Auto Repair
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Honey Hill TX BBQ — 444 SE Oak Ave, Roseburg, OR 97470
FAQs
What type of property is this?
Flex space - Concrete block flex space near Highway 99 with 12 parking spaces, large roll-up door, office and two remodeled bathrooms.
Where is this flex space located?
The property is located at 1560 SE Stephens St Roseburg, OR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3,555 SF concrete block flex space built in 1978, currently operating as a dance studio with long‑term tenants in place; 12 off‑street parking spaces plus a large roll‑up door for flexible access and use; Main open space with tall ceilings and multiple open areas, with an office area
