Building Details

Year Built 1995

Year Renovated 2019

Buildings 1

Construction geodesic dome

Listing Agency: Coldwell Banker Coast Real Est

Listed By: Randy Paredes · License #201222891 Show Phone

Source: Switzerrealestategroup

Added: Aug 17 Changed: Oct 4 Last Checked: Oct 7 at 5:16PM

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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 Coldwell Banker Coast Real Est

Investment Insights

Based on property information with market context.

The 3,902-square-foot office property features a distinctive geodesic dome design and was built in 1995. Interior components include a small office, kitchen, storage area, receiving room, and an expansive second level with a full bathroom. Recent interior painting complements a roof replaced and treated for preservation in 2019.

Positioned at 2217 Highway 101 in Florence, the property offers 120 feet of Highway 101 frontage along with ample off-street parking. The site is within the H Highway District zoning designation. The configuration combines office functions with support areas and additional upper-level space.

Key Highlights

• 3,902 SF office property with geodesic dome construction
• 120 ft. of Highway 101 frontage in Florence
• H (Highway District) zoning designation

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,054

Cap Rate

9.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,081,080 $1.1M

Cap Rate 7%

$772,200 $772.2K

Cap Rate 9%

$600,600 $600.6K

Market Conditions

NOI Build-Up for 3,902 SF

Gross rent

$86.6K $22.20/SF

− Vacancy

−$14.6K −$3.73/SF

EGI

$72.1K $18.47/SF

− OpEx

−$18.0K −$4.62/SF

NOI

$54.1K $13.85/SF

Area

Lane County, OR

Vacancy

16.80%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,081,080

Cap Rate 7%

$772,200

Cap Rate 9%

$600,600

Alternative Uses

Best Use

Office B

$772.2K

$675.7K – $900.9K (±1% cap)

NOI $54,054 @ 7.0% cap · market cap 9.01%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$987.2K

$863.8K – $1.15M (±1% cap)

NOI $69,101 @ 7.0% cap · market cap 11.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Parking Lot & Garage Auto Parts Store HVAC Service Skin Care Clinic Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

495

Businesses Nearby

Explore this area Business Placement

Demographics for 97439, OR

15,634

Population

9,056

Households

1.7

Avg Household Size

62

Median Age

27%

College-Educated

92%

High-School Grad

168.3 sq mi

ZIP Area

93

Density / Sq Mi

$58,576

Median Household Income

$36,146

Median Earnings

$1,164

Median Rent

$364,600

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Distinctive commercial office property with Highway 101 exposure, supporting workspace, storage, kitchen, and receiving areas.

Where is this office building located?

The property is located at 2217 Highway 101 Florence, OR.

What is the asking price?

The asking price for this property is $600,000.

What are key features of this property?

This property features: 3,902 SF office property with geodesic dome construction; 120 ft. of Highway 101 frontage in Florence; H (Highway District) zoning designation