Medical Office Rehabilitation
For Sale
Contact for pricing
4135 Quest Dr, Eugene, OR 97402
Facility features 26 exam rooms, physical therapy areas, X-ray, and lab and draw rooms for medical and rehabilitation services.
Property Size16,965 SF
Price / SF$358.09
Days on Market544
Property Features for 4135 Quest Dr
General Information
Standard status
Active
Size
16,965 SF
Property subtype
OFFICE
Listing Agency:
Evans, Elder, Brown & Seubert
(541) 345-4860
Listed By:
Jeff Elder
(541) 953-2402
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Aug 15
Last Checked: Sep 12 at 6:56AM
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 medical office and rehabilitation facility is laid out with 26 exam rooms and 11 restrooms, supported by physical therapy areas. The space includes an X-ray area, lab and draw rooms, a dedicated procedure room, a conference room, and multiple provider offices.
Additional operational support includes a staff break room, multiple nurses stations, and several specialized room types designed for patient evaluation and clinical workflows.
The property is offered for sale, with lease pricing noted in the remarks.
Additional operational support includes a staff break room, multiple nurses stations, and several specialized room types designed for patient evaluation and clinical workflows.
The property is offered for sale, with lease pricing noted in the remarks.
Key Highlights
- 26 exam rooms for medical and rehabilitation services
- Includes physical therapy areas and multiple provider offices
- Diagnostic and clinical support: X‑ray plus lab and draw rooms
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
$250,037
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
4.12%
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%
$5,000,740
$5.0M
Cap Rate 7%
$3,571,957
$3.6M
Cap Rate 9%
$2,778,189
$2.8M
Market Conditions
NOI Build-Up for 16,965 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
$468.2K $27.60/SF
− Vacancy
−$51.5K −$3.04/SF
EGI
$416.7K $24.56/SF
− OpEx
−$166.7K −$9.83/SF
NOI
$250.0K $14.74/SF
Area
Eugene, OR
Vacancy
11.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
40.00%
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%
$5,000,740
Cap Rate 7%
$3,571,957
Cap Rate 9%
$2,778,189
Alternative Uses
Best Use
Healthcare Medical
$3.57M
$3.13M – $4.17M
NOI $250,037 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.12M
$4.48M – $5.97M
NOI $358,301 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - Facility features 26 exam rooms, physical therapy areas, X-ray, and lab and draw rooms for medical and rehabilitation services.
Where is this medical center located?
The property is located at 4135 Quest Dr Eugene, OR.
What is the asking price?
The asking price for this property is $6,075,000.
What are key features of this property?
This property features: 26 exam rooms for medical and rehabilitation services; Includes physical therapy areas and multiple provider offices; Diagnostic and clinical support: X‑ray plus lab and draw rooms
