Freestanding Office Building with
260 W 12th Ave Eugene, OR 97401
For Sale
Contact for pricing
Freestanding office building with 12 off-street parking spaces and an attached 2nd-floor apartment.
Property Size5,293 SF
Price / SF$273.95
Days on Market106
Property Features for 260 W 12th Ave
General Information
- Standard status
- Active
- Size
- 5,293 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing Agency:
Evans, Elder Brown & Seubert
(541) 345-4860
Listed By:
David Holland · License #OR 200002060
Source:
Crexi
Added: Apr 9
Changed: Jul 23
Last Checked: Jul 23 at 5:34AM
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.
Freestanding office building constructed in 2008 with abundant natural light and ADA access. The building includes 4,096 SF of office space across two floors with 13 private offices, a conference room, work/copy room, reception, open area, and kitchen.
A self-contained 3-bedroom, 2-bath apartment on the second floor adds 1,197 SF, bringing total building size to 5,293 SF. The property is sprinklered and has 12 on-site off-street parking spaces located in the rear of the building.
Zoned C-2 | TD (Community Commercial | Transit Oriented Development Overlay), the building is offered for sale in Midtown, a few blocks south and west of Downtown, on a quiet street with easy access to highways via I-105 and nearby public transportation hubs.
A self-contained 3-bedroom, 2-bath apartment on the second floor adds 1,197 SF, bringing total building size to 5,293 SF. The property is sprinklered and has 12 on-site off-street parking spaces located in the rear of the building.
Zoned C-2 | TD (Community Commercial | Transit Oriented Development Overlay), the building is offered for sale in Midtown, a few blocks south and west of Downtown, on a quiet street with easy access to highways via I-105 and nearby public transportation hubs.
Key Highlights
- Freestanding 5,293 SF office building built in 2008 with separate 2nd‑floor apartment totaling 1,197 SF
- Layout includes 4,096 SF of office space with 13 private offices, conference room, work/copy room, reception, open area, and kitchen
- Second floor apartment is a 3‑bedroom, 2‑bath unit with 1,197 SF currently renting for $2,050/month
Financial Insights For Office B
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 | $127.0k | $24.00 |
| − Vacancy | −$19.1k | −$3.60 |
| EGI | $108.0k | $20.40 |
| − OpEx | −$27.0k | −$5.10 |
| NOI | $81.0k | $15.30 |
5,293 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.16M
$1.01M – $1.35M
NOI $80,983 @ 7.0% cap · market cap 5.59%
Second Best
Mixed Use
$1.12M
$982.5K – $1.31M
NOI $78,601 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,788 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duncan & Brown LLC
Real Estate Agency
FAQs
What type of property is this?
Live-work space - Freestanding office building with 12 off-street parking spaces and an attached 2nd-floor apartment.
Where is this live-work space located?
The property is located at 260 W 12th Ave Eugene, OR.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Freestanding 5,293 SF office building built in 2008 with separate 2nd‑floor apartment totaling 1,197 SF; Layout includes 4,096 SF of office space with 13 private offices, conference room, work/copy room, reception, open area, and kitchen; Second floor apartment is a 3‑bedroom, 2‑bath unit with 1,197 SF currently renting for $2,050/month
