Fenced Flex Space with
For Sale
Contact for pricing
Pending
3894 Roosevelt Blvd, Eugene, OR 97402
Paved outdoor area and multiple grade-level doors support industrial operations.
Property Size3,655 SF
Days on Market152
Property Features for 3894 Roosevelt Blvd
General Information
Standard status
Pending
Size
3,655 SF
Class
C
Total Parking Spaces
9
Property subtype
Industrial, Office
Zoning
I-2
Investment Type
Owner/User
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Year Built
1975
Tenancy
Single
Listing Agency:
RE/MAX Key Properties
(541) 728-0033
Listed By:
Ryan Amerongen · License #OR 201209792
Source:
Crexi
Added: Apr 2
Changed: Aug 31
Last Checked: Aug 31 at 4:08AM
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 RE/MAX Key Properties
Investment Insights
Based on property information with market context.
Located at 3894 Roosevelt Blvd in Eugene, this 1975-built flex property combines warehouse space with additional paved yard area. Multiple grade-level doors provide direct building access, while fencing and a gated entry secure the site. The property is zoned I-2 and includes outdoor space suitable for storage or operational use.
The building and yard offer a practical configuration for industrial activity, with nearby route access supporting site connectivity. The property is occupied by a single tenant under a month-to-month arrangement, providing flexibility for future ownership planning.
The building and yard offer a practical configuration for industrial activity, with nearby route access supporting site connectivity. The property is occupied by a single tenant under a month-to-month arrangement, providing flexibility for future ownership planning.
Key Highlights
- I‑2‑zoned flex property at 3894 Roosevelt Blvd, Eugene, OR 97402
- Built in 1975 with 3,655 property size
- Warehouse space paired with additional paved yard area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,959
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$779,180
$779.2K
Cap Rate 7%
$556,557
$556.6K
Cap Rate 9%
$432,878
$432.9K
Market Conditions
NOI Build-Up for 3,655 SF
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.
Gross rent
$48.2K $13.20/SF
− Vacancy
−$2.4K −$0.66/SF
EGI
$45.8K $12.54/SF
− OpEx
−$6.9K −$1.88/SF
NOI
$39.0K $10.66/SF
Area
Eugene, OR
Vacancy
5.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$779,180
Cap Rate 7%
$556,557
Cap Rate 9%
$432,878
Alternative Uses
Best Use
Warehouse
$556.6K
$487.0K – $649.3K
NOI $38,959 @ 7.0% cap · market cap 6.19%
Second Best
Flex RnD
$536.0K
$469.0K – $625.3K
NOI $37,518 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$1.10M
$964.9K – $1.29M
NOI $77,194 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sunshine Deliwagon — 193 Wallis St, Eugene, OR 97402
Frequently Asked Questions
What type of property is this?
Flex space - Paved outdoor area and multiple grade-level doors support industrial operations.
Where is this flex space located?
The property is located at 3894 Roosevelt Blvd Eugene, OR.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: I‑2‑zoned flex property at 3894 Roosevelt Blvd, Eugene, OR 97402; Built in 1975 with 3,655 property size; Warehouse space paired with additional paved yard area
