Industrial Shop on Fenced
For Sale
Contact for pricing
29984 Cecil Ave, Eugene, OR 97402
Industrial shop with heavy power on 2.54 fenced acres.
Property Size12,824 SF
Lot Size2.54 Acres
Price / SF$127.89
Days on Market255
Property Features for 29984 Cecil Ave
General Information
Standard status
Active
Size
12,824 SF
Lot size
2.54 Acres
Property subtype
Industrial
Zoning
I-2
Occupancy
70%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
1988
Tenancy
Multi
Listing Agency:
Evans, Elder Brown & Seubert
Listed By:
David Holland · License #OR 200002060
(541) 345-4860
Source:
Crexi
Added: Jan 23
Changed: Oct 1
Last Checked: Oct 5 at 4:59PM
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 property features a shop on 2.54 acres of fenced and graveled I-2 land. The property includes an 11,480 square foot industrial shop with abundant heavy power, as well as two modular office buildings measuring 1,344 square feet and 780 square feet. A lease is in place for the shop, two modular offices, and 1.81 acres. The remaining 0.73 acres of land, with storage buildings, is currently available. The leased portion includes the 1.81 westerly acres, the 11,480 square foot industrial shop building, the 1,344 square foot modular building with offices, kitchen, and bathroom, plus a second 780 square foot modular. The yard is fenced, gated, and graveled. The shop building includes one 5-ton bridge crane, four 1-ton jib cranes, and a trolley rail system running down the center of the shop. It also features abundant 3-phase power with service up to 640 volts, a 30 ft peak ceiling height, and three 18 ft high overhead doors. The available portion includes the 0.73 easterly acres, a 600 square foot modular building (suitable for an office or break room), and approximately 1800 square feet of metal storage building with a roll-up door, conditioned office space, and imbedded shipping containers.
Key Highlights
- Lease in place for shop, two modular offices, and 1.81 acres, providing immediate income.
- 11,480 SF Industrial shop with abundant heavy power (up to 640 volts) and crane systems (5‑ton bridge crane, four 1‑ton jib cranes, trolly rail system).**
- 2.54 Acres of fenced and graveled I‑2 land.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,449
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,468,980
$2.5M
Cap Rate 7%
$1,763,557
$1.8M
Cap Rate 9%
$1,371,656
$1.4M
Market Conditions
NOI Build-Up for 12,824 SF
Gross rent
$184.7K $14.40/SF
− Vacancy
−$8.3K −$0.65/SF
EGI
$176.4K $13.75/SF
− OpEx
−$52.9K −$4.13/SF
NOI
$123.4K $9.63/SF
Area
Eugene, OR
Vacancy
4.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,468,980
Cap Rate 7%
$1,763,557
Cap Rate 9%
$1,371,656
Alternative Uses
Best Use
Industrial
$1.76M
$1.54M – $2.06M
NOI $123,449 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.87M
$3.39M – $4.51M
NOI $270,843 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Explore this area
Business Placement
Demographics for 97402, OR
56,610
Population
23,882
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
91%
High-School Grad
68.6 sq mi
ZIP Area
825
Density / Sq Mi
$55,743
Median Household Income
$35,728
Median Earnings
$1,287
Median Rent
$330,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial shop with heavy power on 2.54 fenced acres.
Where is this manufacturing property located?
The property is located at 29984 Cecil Ave Eugene, OR.
What is the asking price?
The asking price for this property is $1,640,000.
What are key features of this property?
This property features: Lease in place for shop, two modular offices, and 1.81 acres, providing immediate income.; 11,480 SF Industrial shop with abundant heavy power (up to 640 volts) and crane systems (5‑ton bridge crane, four 1‑ton jib cranes, trolly rail system).**; 2.54 Acres of fenced and graveled I‑2 land.
