Multi-Suite Office
For Sale
$2,100,000
2198 NE STEPHENS St, Roseburg, OR 97470
CommercialSale, Roseburg, OR
Property Size7,480 SF
Lot Size0.55 Acres
Price / SF$280.75
Days on Market48
Property Features for 2198 NE STEPHENS St
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C3
Directions
NE Stephens to 2198 at the corner of Stephens and Exchange
Subdivision
_251
Standard status
Active
APN
R44747
Size
7,480 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Description
ROSEBURG FRUITVALE ADD, LOT PT 7, ACRES 0.55
Tax Annual Amount
20029
Legal Description
ROSEBURG FRUITVALE ADD, LOT PT 7, ACRES 0.55
Utilities
Heating system
Heat Pump (Heating), Forced Air
Cooling system
Central Air, Heat Pump
Amenities
kitchenette
bathrooms
bonus storage
common area
Building Details
Year built
2004
Floors in Building
2
Building materials
Stucco
Roof type
Membrane, Composition
Listing Agency:
The Neil Company Real Estate
(541) 673-4417
Listed By:
Neil Hummel · License #780301698
(541) 680-2374
Added: Aug 28
Changed: Oct 13
Last Checked: Oct 14 at 7:06AM
MLS# 498687538
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Stonepoint Plaza is a two-level office property containing 7,480 square feet and seven separate business suites. The layout includes a lobby with furniture, shared areas, kitchenettes, bathrooms, and additional storage. Four suites are positioned on the main floor, including two with exterior entrances, while three suites occupy the upper level alongside another common area. The building is constructed with stucco and was completed in 2004, with forced-air and heat-pump heating plus central-air and heat-pump cooling.
The property is located at 2198 NE STEPHENS St in Roseburg, Oregon, and provides 45+ on-site parking spaces. It is zoned C3 and currently leased to a mix of professional businesses, including finance, nonprofit, and salon users. The configuration also accommodates a single office user seeking the full building.
The property is located at 2198 NE STEPHENS St in Roseburg, Oregon, and provides 45+ on-site parking spaces. It is zoned C3 and currently leased to a mix of professional businesses, including finance, nonprofit, and salon users. The configuration also accommodates a single office user seeking the full building.
Key Highlights
- 7,480 square feet across 7 separate office suites
- 45+ on‑site parking spaces
- Two‑level layout with lobby, common areas, kitchenettes, bathrooms, and storage
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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Property Analytics
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Open Analytics
Current Use
Lease Details
7
Office units
Multi-tenant
Tenancy
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Office building - Two-level professional office property with shared amenities, flexible suite access, and substantial on-site parking.
Where is this office building located?
The property is located at 2198 NE STEPHENS St 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: 7,480 square feet across 7 separate office suites; 45+ on‑site parking spaces; Two‑level layout with lobby, common areas, kitchenettes, bathrooms, and storage
