Medical Office
New
For Sale
$565,000
1576 12th St, Florence, OR 97439
Private rooms, reception and waiting areas, storage, and accessible restrooms support a medical or professional office layout.
Property Size3,457 SF
Price / SF$163.44
Days on Market4
Property Features for 1576 12th St
General Information
Standard status
Active
Size
3,457 SF
Property subtype
Commercial
Zoning
RM
Additional Details
Highway Access
Yes
Property Use
Office
Building Details
Building Size
3,457 SF
Year Built
1969
Stories
1
Listing Agency:
Coldwell Banker Coast Real Est
Listed By:
Justin Young · License #201248615
(541) 999-0615
Source:
Duanejohnson
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 12:03PM
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 Coldwell Banker Coast Real Est
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Investment Insights
Based on property information with market context.
This 3,457-square-foot building at 1576 12th St is currently arranged as office space, with private rooms, reception and waiting areas, storage, and ADA-accessible restrooms. Built in 1969, it was previously used as a medical clinic, and the existing layout retains that configuration. On-site parking is available, and the property is zoned RM.
The property is just off Highway 101 in Florence. Hospitals, shopping centers, and residential areas are within minutes, placing the office near a range of local services and nearby residents.
The property is just off Highway 101 in Florence. Hospitals, shopping centers, and residential areas are within minutes, placing the office near a range of local services and nearby residents.
Key Highlights
- 3,457‑square‑foot building with a layout originally used for a medical clinic
- Current office configuration includes private rooms, reception, waiting areas, and storage
- ADA‑accessible restrooms and on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,889
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,780
$957.8K
Cap Rate 7%
$684,129
$684.1K
Cap Rate 9%
$532,100
$532.1K
Market Conditions
NOI Build-Up for 3,457 SF
Gross rent
$76.7K $22.20/SF
− Vacancy
−$12.9K −$3.73/SF
EGI
$63.9K $18.47/SF
− OpEx
−$16.0K −$4.62/SF
NOI
$47.9K $13.85/SF
Area
Lane County, OR
Vacancy
16.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,780
Cap Rate 7%
$684,129
Cap Rate 9%
$532,100
Alternative Uses
Best Use
Office B
$684.1K
$598.6K – $798.2K
NOI $47,889 @ 7.0% cap · market cap 8.48%
Second Best
Healthcare Medical
$601.9K
$526.7K – $702.2K
NOI $42,133 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$874.6K
$765.3K – $1.02M
NOI $61,220 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 97439, OR
15,634
Population
9,056
Households
1.7
Avg Household Size
62
Median Age
27%
College-Educated
92%
High-School Grad
168.3 sq mi
ZIP Area
93
Density / Sq Mi
$58,576
Median Household Income
$36,146
Median Earnings
$1,164
Median Rent
$364,600
Median Home Value
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Osburn Veterinary Clinic — 1730 Kingwood St, Florence, OR 97439
- Oceanside Veterinary Hospital — 1739 22nd St, Florence, OR 97439
Frequently Asked Questions
What type of property is this?
Medical Office Space - Private rooms, reception and waiting areas, storage, and accessible restrooms support a medical or professional office layout.
Where is this medical office space located?
The property is located at 1576 12th St Florence, OR.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 3,457‑square‑foot building with a layout originally used for a medical clinic; Current office configuration includes private rooms, reception, waiting areas, and storage; ADA‑accessible restrooms and on‑site parking
