Flex Space with Office and Shop
For Sale
$1,200,000
3521 Franklin BLVD, Eugene, OR 97403
Versatile commercial layout combines lobby and office areas with showroom and shop space.
Property Size11,000 SF
Lot Size1.00 Acre
Price / SF$109.77
Days on Market48
Property Features for 3521 Franklin BLVD
General Information
Standard status
Active
Size
11,000 SF
Lot size
1.00 Acre
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Build-Out
3,000 SF
Building Details
Year Built
1970
Building Size
11,000 SF
Listing Agency:
Innovate Real Estate LLC
(503) 892-2976
Listed By:
Donna Roberts
(360) 844-3142
Source:
Donnarobertsgroup
Added: Aug 30
Changed: Oct 13
Last Checked: Oct 14 at 11:10PM
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 Innovate Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex-space property at 3521 Franklin BLVD includes a combination of lobby, office, showroom, and shop areas. The interior configuration supports auto-related operations, storage, and garage or warehouse functions, subject to applicable requirements.
The property is located in Eugene, Oregon, approximately half a mile from I-5, providing direct proximity to a major transportation route. Constructed in 1970, the building offers a flexible commercial layout for an owner-user or operator seeking office and work areas within the same facility.
The property is located in Eugene, Oregon, approximately half a mile from I-5, providing direct proximity to a major transportation route. Constructed in 1970, the building offers a flexible commercial layout for an owner-user or operator seeking office and work areas within the same facility.
Key Highlights
- Flex‑space property with lobby, office, showroom, and shop areas
- Approximately half a mile from I‑5
- Located at 3521 Franklin BLVD, Eugene, OR 97403
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,236
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,104,720
$2.1M
Cap Rate 7%
$1,503,371
$1.5M
Cap Rate 9%
$1,169,289
$1.2M
Market Conditions
NOI Build-Up for 10,932 SF
Gross rent
$157.4K $14.40/SF
− Vacancy
−$7.1K −$0.65/SF
EGI
$150.3K $13.75/SF
− OpEx
−$45.1K −$4.13/SF
NOI
$105.2K $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%
$2,104,720
Cap Rate 7%
$1,503,371
Cap Rate 9%
$1,169,289
Alternative Uses
Best Use
Warehouse
$1.66M
$1.46M – $1.94M
NOI $116,524 @ 7.0% cap · market cap 9.71%
Second Best
Flex RnD
$1.60M
$1.40M – $1.87M
NOI $112,215 @ 7.0% cap · market cap 9.35%
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $230,884 @ 7.0% cap · market cap 19.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97403, OR
15,275
Population
5,146
Households
3
Avg Household Size
26
Median Age
60%
College-Educated
93%
High-School Grad
4.2 sq mi
ZIP Area
3,637
Density / Sq Mi
$47,103
Median Household Income
$12,067
Median Earnings
$1,211
Median Rent
$550,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial layout combines lobby and office areas with showroom and shop space.
Where is this flex space located?
The property is located at 3521 Franklin BLVD Eugene, OR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Flex‑space property with lobby, office, showroom, and shop areas; Approximately half a mile from I‑5; Located at 3521 Franklin BLVD, Eugene, OR 97403
