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    Stabilized Retail Center For Sale Title is generated by Realmo AI

    170 Oakway Rd, Eugene, OR

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    Fully occupied retail center in Eugene's prime retail corridor.

    Type:RETAIL
    Property size:
    80,996 SF
    Lot size:
    5.51 Acres
    Price / SF:
    $242/SF
    Added:
    Mar 28, 2025
    Days on Market:
    447
    Last Refresh:
    May 20 at 9:44 pm

    Property Features for 170 Oakway Rd

    General Information

    Standard status
    Active
    Size
    80,996 SF
    Lot size
    5.51 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Nicholas "Nick" Bushong

    Listing agent Nicholas "Nick" Bushong

    Listing office Fulcrum Pacific CRE

    Listing date Mar 28, 2025

    Source Moodyscre

    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 Fulcrum Pacific CRE

    HighLights

    • 100% occupied retail center in Eugene's prime retail corridor.
    • Over 91% of gross leasable area occupied by long‑term tenants (15+ years).
    • Priced significantly below replacement cost.
    • Located off I‑105 exit, across from Oakway Center, with high visibility and traffic.
    • All NNN leases provide reliable income with minimal landlord involvement.
    • Located in a densely populated, high‑demand area with limited new development, offering redevelopment potential.

    Overview

    Oakway Landing is a fully stabilized retail center located in Eugene, Oregon's prime retail corridor. The shopping center has 80,996 square feet of space and is 100% occupied by seven tenants. Over 91% of the gross leasable area is occupied by long-term tenants for more than 15 years. The property spans 5.53 acres with four buildings and is priced below replacement cost. Oakway Landing is situated off the I-105 exit and across from Oakway Center. The property benefits from high visibility and heavy traffic. It is surrounded by major retailers such as Albertsons, TJ Maxx, and HomeGoods, and is close to the Eugene Country Club and the University of Oregon. The center hosts a mix of regional and local service-based tenants. With all NNN leases, the property ensures a reliable income stream. Its location is in a densely populated and high-demand area, with limited land available for new development.

    Local Financial Insights For Retail

    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 $1.75M $21.60
    − Vacancy −$70.0k −$0.86
    EGI $1.68M $20.74
    − OpEx −$503.9k −$6.22
    NOI $1.18M $14.52
    80,996 SF · lease $21.60/SF/yr · vacancy 4.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $16.80M
    $14.70M – $19.59M (±1% cap)
    NOI $1,175,673 @ 7.0% cap · market cap 5.99%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $24.44M
    $21.38M – $28.51M (±1% cap)
    NOI $1,710,636 @ 7.0% cap · market cap 8.71%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Oakway FiiT Health ... Gym & Fitness Center Oakway Landing Property Management Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Oakway Center — 2350 Oakmont Way # 204, Eugene, OR 97401
    • Coinstar — 311 Coburg Rd, Eugene, OR 97401
    • 5th Street Market Alley — Parking lot, 550 Pearl St, Eugene, OR 97401

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.08
    Latitude
    44.0644

    FAQs

    What type of property is this?
    Shopping center - Fully occupied retail center in Eugene's prime retail corridor.
    Where is this shopping center located?
    The property is located at 170 Oakway Rd Eugene, OR.
    What is the asking price?
    The asking price for this property is $19,640,000.
    What are key features of this property?
    This property features: 100% occupied retail center in Eugene's prime retail corridor.; Over 91% of gross leasable area occupied by long‑term tenants (15+ years).; Priced significantly below replacement cost.
    (503) 778-0362 Call to check price and availability
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