Medical Office Building with
For Sale
$565,000
1576 12TH St, Florence, OR 97439
CommercialSale, Florence, OR
Property Size3,457 SF
Lot Size0.29 Acres
Price / SF$163.44
Days on Market588
Property Features for 1576 12TH St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RM
Directions
West on 12th property on the left.
Subdivision
_228
Standard status
Active
APN
0797157
Size
3,457 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
18-12-27-41-00101
Legal Description
18-12-27-41-00101
Utilities
Heating system
Forced Air
Building Details
Year built
1969
Floors in Building
1
Listing Agency:
Coldwell Banker Coast Real Est · Coldwell Banker Real Estate
(541) 997-7777
Listed By:
Justin Young · License #201248615
(541) 999-0615
Added: Jan 15, 2025
Changed: Aug 25
Last Checked: Aug 26 at 2:06AM
MLS# 24089891
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,457-square-foot commercial building is currently arranged for office use and retains the floor plan from its former medical-clinic operation. The interior includes multiple private offices or exam rooms, reception and waiting areas, ADA-accessible restrooms, and dedicated storage. Built in 1969, the property is served by forced-air heating and includes on-site parking.
The building is positioned just off Highway 101 in Florence, with street exposure and convenient access to nearby hospitals, shopping centers, and residential neighborhoods. Its existing room layout supports professional office operations and may also accommodate a return to medical use, subject to applicable requirements.
The building is positioned just off Highway 101 in Florence, with street exposure and convenient access to nearby hospitals, shopping centers, and residential neighborhoods. Its existing room layout supports professional office operations and may also accommodate a return to medical use, subject to applicable requirements.
Key Highlights
- 3,457‑square‑foot building on a 0.29‑acre site
- Former medical clinic with original floor plan still in place
- Multiple private offices or exam rooms with reception and waiting areas
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
$47,889
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
8.48%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing office configuration includes private rooms, reception and waiting areas, ADA-accessible restrooms, storage, and on-site parking.
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 on a 0.29‑acre site; Former medical clinic with original floor plan still in place; Multiple private offices or exam rooms with reception and waiting areas
