Freestanding Office Building with
For Sale
$1,395,000
260 W 12th Ave, Eugene, OR 97401
Freestanding office building with 12 off-street parking spaces and an attached 2nd-floor apartment.
Property Size5,293 SF
Price / SF$263.56
Days on Market184
Property Features for 260 W 12th Ave
General Information
Standard status
Active
Size
5,293 SF
Total Parking Spaces
12
Zoning
C-2 | TD
Site & Location
Neighborhood
Downtown Neighborhood Association
Highway Access
Yes
Additional Details
Sprinkler System
Yes
Amenities
conference room
kitchen
ADA access
Building Details
Year Built
2008
Stories
2
Listing Agency:
Evans, Elder, Brown & Seubert
Listed By:
David Holland · License #200002060
(541) 521-5203
Source:
Wisser
Added: Apr 24
Changed: Oct 8
Last Checked: Oct 5 at 8:20PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$80,983
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,619,660
$1.6M
Cap Rate 7%
$1,156,900
$1.2M
Cap Rate 9%
$899,811
$899.8K
Market Conditions
NOI Build-Up for 5,293 SF
Gross rent
$127.0K $24.00/SF
− Vacancy
−$19.1K −$3.60/SF
EGI
$108.0K $20.40/SF
− OpEx
−$27.0K −$5.10/SF
NOI
$81.0K $15.30/SF
Area
Eugene, OR
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,619,660
Cap Rate 7%
$1,156,900
Cap Rate 9%
$899,811
Alternative Uses
Best Use
Office B
$1.16M
$1.01M – $1.35M
NOI $80,983 @ 7.0% cap · market cap 5.81%
Second Best
Mixed Use
$1.12M
$982.5K – $1.31M
NOI $78,601 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,788 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,581
Businesses Nearby
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Business Placement
Demographics for 97401, OR
45,634
Population
24,220
Households
1.9
Avg Household Size
32
Median Age
47%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
4,907
Density / Sq Mi
$51,244
Median Household Income
$26,604
Median Earnings
$1,318
Median Rent
$472,200
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
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 $1,395,000.
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
