1991 Olympic St, Springfield, OR
8,500 SF retail building on 20,909 SF site.
- Added:
- May 3, 2025
- Days on Market:
- 411
- Last Refresh:
- May 20 at 8:40 pm
Property Features for 1991 Olympic St
General Information
- Standard status
- Active
- Size
- 8,500 SF
- Lot size
- 0.48 Acres
- Property subtype
- RETAIL
Listing agent Jeff Elder
Listing office Evans, Elder, Brown & Seubert (541) 345-4860
Listing date May 3, 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 Evans, Elder, Brown & Seubert
HighLights
- Long‑term tenant: Leased to Aaron's since 2005
- Triple net lease
- Spacious 8,500 square foot building
- Sizable 20,909 square foot site
- Features 21 parking spaces
- Priced at $2,100,000
Overview
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 | $168.3k | $19.80 |
| − Vacancy | −$12.6k | −$1.49 |
| EGI | $155.7k | $18.32 |
| − OpEx | −$46.7k | −$5.49 |
| NOI | $109.0k | $12.82 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Lane
- State
- Oregon
- Longitude
- -122.996
- Latitude
- 44.0592
