Industrial Building with Renovated
For Sale
Contact for pricing
230 Davidson Ave, Cottage Grove, OR 97424
84,381 SF industrial building with renovated features on 10.26 acres.
Property Size84,381 SF
Lot Size10.26 Acres
Price / SF$82.96
Days on Market791
Property Features for 230 Davidson Ave
General Information
Standard status
Active
Size
84,381 SF
Total Parking Spaces
97
Lot size
10.26 Acres
Property subtype
Industrial
Zoning
M (Industrial)
Lease Type
NNN
Building Details
Year Built
1994
Year Renovated
2016
Buildings
1
Listing Agency:
Evans, Elder Brown & Seubert
Listed By:
Stephanie Seubert · License #OR 200009074
(541) 345-4860
Source:
Crexi
Added: Jul 10, 2024
Changed: Aug 16
Last Checked: Sep 8 at 7:41AM
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
Investment Insights
Based on property information with market context.
This industrial manufacturing building, constructed in 1994, provides 84,381 square feet of space. The layout includes 45,416 square feet of conditioned production area, 33,591 square feet of heated warehouse space, and 10,424 square feet of office space. Situated on a 10.26-acre lot, the property features 97 parking spaces and an additional 3.26 acres of vacant industrial land. The building's structure is metal-on-metal with a concrete foundation, densified and polished concrete floors, and a full fire suppression system. It is equipped with 3,500 kVA, 480V power, dual utility connections (EPUD and Pacific Power), four grade-level doors, two dock-high doors, and a 1-1.5’’ waterline. Major renovations in 2016-2017 included a new roof and a 100-ton HVAC cooling system integrated with a Trane Building Management System (BMS) for climate control. The building was brought up to the current energy codes at the time of remodel.
Key Highlights
- 84,381 SF industrial building featuring conditioned production area, heated warehouse, and office space.
- Located on 10.26 acres, including 3.26 acres of vacant industrial land and 97 parking spaces.
- Major renovations in 2016‑2017: new roof and 100‑ton HVAC cooling system with Trane BMS.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$618,403
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,368,060
$12.4M
Cap Rate 7%
$8,834,329
$8.8M
Cap Rate 9%
$6,871,144
$6.9M
Market Conditions
NOI Build-Up for 84,381 SF
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.
Gross rent
$759.4K $9.00/SF
− Vacancy
−$31.9K −$0.38/SF
EGI
$727.5K $8.62/SF
− OpEx
−$109.1K −$1.29/SF
NOI
$618.4K $7.33/SF
Area
Lane County, OR
Vacancy
4.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,368,060
Cap Rate 7%
$8,834,329
Cap Rate 9%
$6,871,144
Alternative Uses
Best Use
Warehouse
$8.83M
$7.73M – $10.31M
NOI $618,403 @ 7.0% cap · market cap 8.83%
Second Best
Industrial
$7.28M
$6.37M – $8.49M
NOI $509,273 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$21.35M
$18.68M – $24.91M
NOI $1,494,313 @ 7.0% cap · market cap 21.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Explore this area
Business Placement
Demographics for 97424, OR
18,750
Population
7,920
Households
2.4
Avg Household Size
45
Median Age
22%
College-Educated
91%
High-School Grad
246.2 sq mi
ZIP Area
76
Density / Sq Mi
$71,985
Median Household Income
$36,588
Median Earnings
$1,012
Median Rent
$349,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 84,381 SF industrial building with renovated features on 10.26 acres.
Where is this manufacturing property located?
The property is located at 230 Davidson Ave Cottage Grove, OR.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 84,381 SF industrial building featuring conditioned production area, heated warehouse, and office space.; Located on 10.26 acres, including 3.26 acres of vacant industrial land and 97 parking spaces.; Major renovations in 2016‑2017: new roof and 100‑ton HVAC cooling system with Trane BMS.
