Stabilized Retail Center For
For Sale
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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 Market493
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:
Nicholas "Nick" Bushong
Source:
Moodyscre
Added: Mar 28, 2025
Changed: Jul 10
Last Checked: Jul 21 at 6:46AM
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 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
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
Property Profile
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market 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
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.
