Eugene Retail Building with
1450 High St, Eugene, OR 97401
For Sale
Contact for pricing
8,201 SF building with double drive-thru on 34,413 SF lot.
Property Size8,201 SF
Lot Size0.79 Acres
Price / SF$390.20
Days on Market968
Property Features for 1450 High St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Stories
Listing Agency:
Evans, Elder Brown & Seubert
Listed By:
Jeff Elder
(541) 953-2402
Source:
Crexi
Added: Mar 21, 2024
Changed: Nov 9
Last Checked: Nov 12 at 4:38AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is an 8,201-square-foot building situated on a 34,413-square-foot site. Constructed in 1971, the building is zoned General Office (GO) and features a double drive-thru and 40 parking stalls. Pylon monument signage is present. The surrounding area includes residential housing, mainly college housing with single-family and multi-family apartments, along with a 7-Eleven, The Barber Shop, Vero Espresso, Toshi’s Ramen, Falling Sky Brewing, The Bier Stein, McMenamins High Street Brewery & Café, and Safeway. The University of Oregon campus and PeaceHealth Sacred Heart Medical Center are also nearby. The location has a Walk Score of 97, indicating it is a walker's paradise.
Key Highlights
- Double Drive‑Thru
- High Street Location with High Walk Score (97)
- 40 Parking Stalls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,329
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,706,580
$2.7M
Cap Rate 7%
$1,933,271
$1.9M
Cap Rate 9%
$1,503,656
$1.5M
Market Conditions
NOI Build-Up for 8,201 SF
Gross rent
$187.0K $22.80/SF
− Vacancy
−$6.5K −$0.80/SF
EGI
$180.4K $22.00/SF
− OpEx
−$45.1K −$5.50/SF
NOI
$135.3K $16.50/SF
Area
Eugene, OR
Vacancy
3.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,706,580
Cap Rate 7%
$1,933,271
Cap Rate 9%
$1,503,656
Alternative Uses
Best Use
Specialty Retail
$1.93M
$1.69M – $2.26M
NOI $135,329 @ 7.0% cap · market cap 4.23%
Second Best
Retail
$1.70M
$1.49M – $1.98M
NOI $119,039 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$2.47M
$2.17M – $2.89M
NOI $173,205 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,468
Businesses Nearby
208k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Dining 32%
Shops & Services 26%
Apparel 2%
Safeway
Groceries
45,725 visits/mo
0.3 miles
Whole Foods Market
Groceries
37,129 visits/mo
0.4 miles
McDonald's
Dining
29,905 visits/mo
0.4 miles
Chase Bank
Shops & Services
9,867 visits/mo
0.3 miles
7-Eleven
Shops & Services
8,853 visits/mo
0.4 miles
Demographics for 97401, OR
45,634
Population
24,220
Households
1.9
Avg Household Size
32
Median Age
47%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
4,907
Density / Sq Mi
$51,244
Median Household Income
$26,604
Median Earnings
$1,318
Median Rent
$472,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Retail properties & Spaces in Eugene
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail property - 8,201 SF building with double drive-thru on 34,413 SF lot.
Where is this retail property located?
The property is located at 1450 High St Eugene, OR.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Double Drive‑Thru; High Street Location with **High Walk Score (97)**; 40 Parking Stalls
