7-Suite Office
For Sale
$2,100,000
2198 NE Stephens Street, Roseburg, OR 97470
Two-level office center with shared amenities, multiple suites, and on-site parking for professional occupants.
Property Size7,480 SF
Price / SF$280.75
Days on Market102
Property Features for 2198 NE Stephens Street
General Information
Standard status
Active
Size
7,480 SF
Property subtype
Commercial
Building Details
Year Built
2004
Listing Agency:
The Neil Company Real Estate
Listed By:
Neil Hummel · License #780301698
(541) 673-4417
Source:
Century21northhomes
Added: Jul 10
Changed: Oct 16
Last Checked: Oct 19 at 8:55AM
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 The Neil Company Real Estate
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Investment Insights
Based on property information with market context.
Stonepoint Plaza is a two-story office building totaling 7,480 square feet, with seven separate business suites and shared areas serving both levels. The first floor includes four suites, a lobby furnished for common use, a kitchenette, two sets of bathrooms, shared space, and bonus storage. Two of the first-floor suites have exterior entrances, while the other two open to the lobby. The upper level adds three suites, another common area, a kitchenette, and a bathroom.
The property is currently leased to professional businesses that include finance, nonprofit, and salon operations. It also offers 45+ on-site parking spaces and is located at 2198 NE Stephens Street in Roseburg, along one of the city's most traveled roads. Built in 2004, the building provides a multi-suite office configuration with shared facilities and the scale to accommodate either multiple occupants or a single professional office user.
The property is currently leased to professional businesses that include finance, nonprofit, and salon operations. It also offers 45+ on-site parking spaces and is located at 2198 NE Stephens Street in Roseburg, along one of the city's most traveled roads. Built in 2004, the building provides a multi-suite office configuration with shared facilities and the scale to accommodate either multiple occupants or a single professional office user.
Key Highlights
- 7 separate office suites across two levels
- 7,480‑square‑foot office building constructed in 2004
- 45+ on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,644
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,292,880
$1.3M
Cap Rate 7%
$923,486
$923.5K
Cap Rate 9%
$718,267
$718.3K
Market Conditions
NOI Build-Up for 7,480 SF
Gross rent
$103.2K $13.80/SF
− Vacancy
−$17.0K −$2.28/SF
EGI
$86.2K $11.52/SF
− OpEx
−$21.5K −$2.88/SF
NOI
$64.6K $8.64/SF
Area
Douglas County, OR
Vacancy
16.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,292,880
Cap Rate 7%
$923,486
Cap Rate 9%
$718,267
Alternative Uses
Best Use
Office B
$923.5K
$808.1K – $1.08M
NOI $64,644 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,623 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
Explore this area
Business Placement
Demographics for 97470, OR
20,160
Population
8,872
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
92%
High-School Grad
180.9 sq mi
ZIP Area
111
Density / Sq Mi
$53,875
Median Household Income
$32,461
Median Earnings
$1,037
Median Rent
$246,500
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-level office center with shared amenities, multiple suites, and on-site parking for professional occupants.
Where is this office building located?
The property is located at 2198 NE Stephens Street Roseburg, OR.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 7 separate office suites across two levels; 7,480‑square‑foot office building constructed in 2004; 45+ on‑site parking spaces
