Stabilized Retail Center For
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170 Oakway Rd, Eugene, OR
Fully occupied retail center in Eugene's prime retail corridor.
Property Size80,996 SF
Lot Size5.51 Acres
Price / SF$242.48
Days on Market539
Property Features for 170 Oakway Rd
General Information
Standard status
Active
Size
80,996 SF
Lot size
5.51 Acres
Property subtype
RETAIL
Listing Agency:
Fulcrum Pacific CRE
(503) 778-0362
Listed By:
Olivia Franssen · License #201243207
(541) 337-7019
Source:
Moodyscre
Added: Mar 28, 2025
Changed: Sep 5
Last Checked: Sep 16 at 7:32PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
$1,175,673
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
5.99%
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%
$23,513,460
$23.5M
Cap Rate 7%
$16,795,329
$16.8M
Cap Rate 9%
$13,063,033
$13.1M
Market Conditions
NOI Build-Up for 80,996 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
$1.75M $21.60/SF
− Vacancy
−$70.0K −$0.86/SF
EGI
$1.68M $20.74/SF
− OpEx
−$503.9K −$6.22/SF
NOI
$1.18M $14.52/SF
Area
Eugene, OR
Vacancy
4.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$23,513,460
Cap Rate 7%
$16,795,329
Cap Rate 9%
$13,063,033
Alternative Uses
Best Use
Retail
$16.80M
$14.70M – $19.59M
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
NOI $1,710,636 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,616
Businesses Nearby
304k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 36%
Shops & Services 21%
Dining 21%
Apparel 10%
Trader Joe's
Groceries
56,889 visits/mo
0.3 miles
Albertsons
Groceries
34,188 visits/mo
0.4 miles
Old Navy
Apparel
17,758 visits/mo
0.2 miles
Chevron
Shops & Services
15,450 visits/mo
0.3 miles
Sephora
Beauty & Spa
13,933 visits/mo
0.1 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- 5th Street Market Alley — Parking lot, 550 Pearl St, Eugene, OR 97401
- Coinstar — 311 Coburg Rd, Eugene, OR 97401
- Oakway Center — 2350 Oakmont Way # 204, Eugene, OR 97401
Frequently Asked Questions
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.
