Purpose-Built Office Building with
260 W 12th Ave Eugene, OR 97401
260 W 12th Ave, Eugene, OR, 97401
$1,395,000
For Sale
$1,395,000
2008-built office structure with 13 private offices, conference room, and an income-producing 3-bed, 2-bath apartment.
Property Size5,293 SF
Price / SF$263.56
Days on Market76
Property Features for 260 W 12th Ave
General Information
- Standard status
- Active
- Size
- 5,293 SF
Listing agency
Evans, Elder, Brown & Seubert
(541) 521-5203
Listed by
David Holland · License #200002060
(541) 521-5203
Source
Exprealty
Added: May 7 Updated: Jul 21 at 12:05PM Checked: Jul 21 at 12:05PM
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.
Constructed in 2008, this purpose-built office building was built by Anslow and Degenault and designed with a professional office flow, including abundant natural light. The main office component consists of 4,096 SF over two floors and includes 13 private offices, a conference room, a work/copy room, a kitchen, and open office space.
On the second floor, there is also a self-contained 3-bedroom, 2-bath apartment totaling 1,197 additional SF, which is currently rented. The property is sprinklered and offers ADA access. There are 12 off-street parking places located to the rear of the property.
If an office user needed more space, the 1,197 SF apartment area could be incorporated into the second-floor office layout, with room to add multiple private offices, additional bathrooms, and an additional kitchen area alongside open work space.
On the second floor, there is also a self-contained 3-bedroom, 2-bath apartment totaling 1,197 additional SF, which is currently rented. The property is sprinklered and offers ADA access. There are 12 off-street parking places located to the rear of the property.
If an office user needed more space, the 1,197 SF apartment area could be incorporated into the second-floor office layout, with room to add multiple private offices, additional bathrooms, and an additional kitchen area alongside open work space.
Key Highlights
- 2008 purpose‑built office building with 13 private offices over 2 floors and includes a conference room
- Total office area: 4,096 SF on two floors, plus an additional 1,197 SF second‑floor 3‑bedroom, 2‑bath apartment
- Apartment currently rents for $2,050/month, providing on‑site rental income
Local 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 5.81%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duncan & Brown LLC
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - 2008-built office structure with 13 private offices, conference room, and an income-producing 3-bed, 2-bath 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: 2008 purpose‑built office building with 13 private offices over 2 floors and includes a conference room; Total office area: 4,096 SF on two floors, plus an additional 1,197 SF second‑floor 3‑bedroom, 2‑bath apartment; Apartment currently rents for $2,050/month, providing on‑site rental income
