Downtown Office Building for
142 W 8th Ave Eugene, OR 97401
142 W 8th Ave, Eugene, OR, 97401
Contact for pricing
For Sale
Contact for pricing
Two-story office building in downtown location, suitable for professional services.
Property Size7,963 SF
Price / SF$194.65
Days on Market674
Property Features for 142 W 8th Ave
General Information
- Standard status
- Active
- Size
- 7,963 SF
- Property subtype
- Office
Listing agency
Campbell Commercial Real Estate
(541) 484-2214
Listed by
Bill Newland · License #OR 200812038
Source
Crexi
Added: Sep 16, 2024 Updated: Jul 6 at 8:26AM Checked: Jul 21 at 9:21AM
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 Campbell Commercial Real Estate
Investment Insights
Based on property information with market context.
This two-story building offers a professional space in the heart of downtown. The layout includes nine offices on the first floor and 10 on the second floor, accompanied by open workstations, break rooms, and a work center on each level. There are also three restrooms, two of which are ADA-compliant, and one equipped with a shower. It is situated on W 8th Ave between Olive St and Charnelton, steps away from the Lane County Circuit Court, federal courthouse, shops, restaurants, and major bus lines. This property is suitable for therapists, attorneys, counseling services, or any business that values privacy and collaboration. The property size is 7963 square feet.
Key Highlights
- Prime downtown location near Lane County Circuit Court, federal courthouse, shops, restaurants, and major bus lines.
- Multiple private offices: 9 on the first floor and 10 on the second floor.
- Suitable for businesses valuing privacy and collaboration, such as therapists, attorneys, and counseling services.
Local 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 | $191.1k | $24.00 |
| − Vacancy | −$28.7k | −$3.60 |
| EGI | $162.4k | $20.40 |
| − OpEx | −$40.6k | −$5.10 |
| NOI | $121.8k | $15.30 |
7,963 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,834 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,179 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wasley Law Office, ...
Law Firm
Northwest Elder Law ...
Law Firm
Alan G. Seligson ...
Law Firm
Slayton, Donald R
Law Firm
Law Offices of Brian ...
Law Firm
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FAQs
What type of property is this?
Office building - Two-story office building in downtown location, suitable for professional services.
Where is this office building located?
The property is located at 142 W 8th Ave Eugene, OR.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Prime downtown location near Lane County Circuit Court, federal courthouse, shops, restaurants, and major bus lines.; Multiple private offices: **9 on the first floor and 10 on the second floor.**; Suitable for businesses valuing privacy and collaboration, such as therapists, attorneys, and counseling services.
