Building Details

Units 2

Listing Agency: Eugene Industrial Real Estate LLC

Listed By: John Erving · License #200701086 Show Phone

Source: Crexi

Added: May 6 Changed: Sep 29 Last Checked: Oct 9 at 7:23PM

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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 Eugene Industrial Real Estate LLC

Investment Insights

Based on property information with market context.

This centrally located ground-floor condo offers a live-work configuration, allowing a business to operate in the same space where occupants live. The property is presented as a condo within downtown Eugene and is suitable for buyers seeking an integrated work-and-residence layout.

The unit is located in downtown Eugene and is described as having a high walkability score, supporting frequent on-foot access for daily needs.

Served as a ground-floor commercial condo, the space is organized for dual-use within one address, matching the live-work concept stated in the listing remarks.

Key Highlights

• Ground‑floor condo in downtown Eugene
• Run your business and live in the same space
• Office space combined with an attached live‑work setup

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,595

Cap Rate

4.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$351,900 $351.9K

Cap Rate 7%

$251,357 $251.4K

Cap Rate 9%

$195,500 $195.5K

Market Conditions

NOI Build-Up for 1,150 SF

Gross rent

$27.6K $24.00/SF

− Vacancy

−$4.1K −$3.60/SF

EGI

$23.5K $20.40/SF

− OpEx

−$5.9K −$5.10/SF

NOI

$17.6K $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%

$351,900

Cap Rate 7%

$251,357

Cap Rate 9%

$195,500

Alternative Uses

Best Use

Office B

$251.4K

$219.9K – $293.3K (±1% cap)

NOI $17,595 @ 7.0% cap · market cap 4.19%

Second Best

Mixed Use

$244.0K

$213.5K – $284.6K (±1% cap)

NOI $17,078 @ 7.0% cap · market cap 4.07%

Theoretical Best

Office A

$347.0K

$303.6K – $404.8K (±1% cap)

NOI $24,288 @ 7.0% cap · market cap 5.79%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Employment Connections, Inc. Business Service Center

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Tanning Salon Mobile Phone Store Clothing & Fashion Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,436

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this live-work space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Live-work space - Ground-floor condo in downtown Eugene combines office space with an attached live-work setup.

Where is this live-work space located?

The property is located at 345 West 10th Avenue Eugene, OR.

What is the asking price?

The asking price for this property is $419,500.

What are key features of this property?

This property features: Ground‑floor condo in downtown Eugene; Run your business and live in the same space; Office space combined with an attached live‑work setup