Building Details

Year Built 1945

Listing Agency: ICON Real Estate Group

Listed By: Joe Williams · License #189328 Show Phone

Source: Switzerrealestategroup

Added: Aug 26 Changed: Oct 11 Last Checked: Oct 7 at 5:43PM

Report an Issue

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 ICON Real Estate Group

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This level 0.86-acre commercial land parcel at 1360 Henderson AVE includes a three-bedroom house built in 1945. The residence is currently unlivable as-is, making the property primarily a redevelopment site rather than an immediately occupiable improvement. The parcel is located within the Franklin Riverfront zone and carries GOMU, or Glenwood Office Mixed Use, zoning with a nodal overlay.

The property offers access to Eugene, Springfield, the University of Oregon, and major thoroughfares. It is situated in the Glenwood area, where the Springfield Economic Development Agency completed a land acquisition in 2025 and has stated redevelopment goals for 2026–2027. Viewings require an appointment, and the property should not be disturbed without prior scheduling.

Key Highlights

• 0.86‑acre level parcel in the Franklin Riverfront zone
• GOMU, Glenwood Office Mixed Use zoning with nodal overlay
• Existing three‑bedroom house built in 1945; currently unlivable as‑is

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,285

Cap Rate

6.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$405,700 $405.7K

Cap Rate 7%

$289,786 $289.8K

Cap Rate 9%

$225,389 $225.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,366 SF

Gross rent

$36.1K $26.40/SF

− Vacancy

−$3.6K −$2.64/SF

EGI

$32.5K $23.76/SF

− OpEx

−$12.2K −$8.91/SF

NOI

$20.3K $14.85/SF

Area

Eugene, OR

Vacancy

10.00%

Lease Rate

$26.40 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$405,700

Cap Rate 7%

$289,786

Cap Rate 9%

$225,389

Alternative Uses

Best Use

Mixed Use

$289.8K

$253.6K – $338.1K (±1% cap)

NOI $20,285 @ 7.0% cap · market cap 6.36%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$412.1K

$360.6K – $480.8K (±1% cap)

NOI $28,850 @ 7.0% cap · market cap 9.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Nail Salon Dental Office HVAC Service Big Box & Wholesale 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

244

Businesses Nearby

Explore this area Business Placement

Demographics for 97403, OR

15,275

Population

5,146

Households

3

Avg Household Size

26

Median Age

60%

College-Educated

93%

High-School Grad

4.2 sq mi

ZIP Area

3,637

Density / Sq Mi

$47,103

Median Household Income

$12,067

Median Earnings

$1,211

Median Rent

$550,900

Median Home Value

Similar For Sale Nearby

See more

Craftsman Mixed-Use Property

1492 Pearl St, Eugene, OR 97401

$539,000

2,084 SF

View details

Mixed-Use Property in Jefferson Westside

960 960/970 W 7th Ave, Eugene, OR 97402

$545,000

3,538 SF

View details

Mixed-Use Property with Live-Work Units

265 W 8TH Ave, Eugene, OR 97401

$11,639,000

94,861 SF

View details

West Eugene Development Opportunity

959 Terry St, Eugene, OR 97402

Contact for pricing

107,575 SF

View details

Craftsman-Style Office Building

245 W 13th Ave, Eugene, OR 97401

$425,000

1,533 SF

View details

Updated Townhouse in Cal Young

1726 MINDA DR #1, Eugene, OR 97401

$295,000

1,020 SF

View details

Office Building with Fenced Yard

710 VAN BUREN St, Eugene, OR 97402

$325,000

968 SF

View details

Duplex with Individual Garages

465 DAVIS St, Eugene, OR 97402

$439,900

1,662 SF

View details

2-Unit Duplex

423 E 18th Ave, Eugene, OR 97401

$465,000

1,782 SF

View details

Furnished Quadplex with Short-Term Rental Use

466 LINCOLN St, Eugene, OR 97401

$700,000

1,616 SF

View details

Duplex with Corner Lot

2495 JEPPESEN ACRES RD, Eugene, OR 97401

$527,990

1,752 SF

View details

Updated Two-Unit Duplex

2829 APPLEWOOD Ln, Eugene, OR 97408

$450,000

1,872 SF

View details

Frequently Asked Questions

What type of property is this?

Commercial land - Level redevelopment parcel with an existing three-bedroom house requiring substantial work before occupancy.

Where is this commercial land located?

The property is located at 1360 Henderson Ave Eugene, OR.

What is the asking price?

The asking price for this property is $319,000.

What are key features of this property?

This property features: 0.86‑acre level parcel in the Franklin Riverfront zone; GOMU, Glenwood Office Mixed Use zoning with nodal overlay; Existing three‑bedroom house built in 1945; currently unlivable as‑is