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Multi-Tenant Office Building For Sale

311-337 Goodpasture Island Road Eugene, OR 97401

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For Sale
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Well-maintained office property in established commercial corridor.

Type:Office
Property size:
10,004 SF
Lot size:
0.57 Acres
Price / SF:
$179/SF
Added:
May 12, 2026
Days on Market:
62
Last Refresh:
Jul 4 at 11:48 pm

Property Features for 311-337 Goodpasture Island Road

General Information

Standard status
Active
Size
10,004 SF
Lot size
0.57 Acres
Property subtype
Office

Building Details

Year Built
1979

Listing office Evans, Elder Brown & Seubert

Listing date May 12, 2026

Source Crexi

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.

Goodpasture Plaza is a multi-tenant office property totaling approximately 10,004 square feet, situated on a 0.57-acre parcel. It is located in an established commercial corridor near the intersection of Valley River Drive and Goodpasture Island Road. The building is configured in an executive suite style layout, accommodating twenty-four smaller tenants. This configuration provides diversified income with strong occupancy potential. The property presents an opportunity for an investor seeking stable, multi-tenant income. Potential upside exists through lease optimization, rent growth, or potential repositioning. The existing executive suite model caters to demand from smaller office users. The underlying layout and zoning allow for a transition to more traditional office or service-oriented tenancy, if desired.

Key Highlights

  • Stable, multi‑tenant income stream.
  • Strong occupancy potential in the current market.
  • Diversified income with twenty‑four smaller tenants.

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 $240.1k $24.00
− Vacancy −$36.0k −$3.60
EGI $204.1k $20.40
− OpEx −$51.0k −$5.10
NOI $153.1k $15.30
10,004 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$2.19M
$1.91M – $2.55M (±1% cap)
NOI $153,061 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M (±1% cap)
NOI $211,284 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Building Supply Big Box & Wholesale Store Auto Parts Store Kitchen & Bath Showroom HVAC Service Gym & Fitness Center Pharmacy Storage Facility Parking Lot & Garage Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office building - Well-maintained office property in established commercial corridor.
Where is this office building located?
The property is located at 311-337 Goodpasture Island Road Eugene, OR.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Stable, multi‑tenant income stream.; Strong occupancy potential in the current market.; Diversified income with twenty‑four smaller tenants.
Contact an agent
(541) 345-4860 Call to check price and availability
More about this property
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