Springfield Office Building For
For Sale
Contact for pricing
400 International Way, Springfield, OR 97477
78,204 square foot office building available for purchase.
Property Size78,204 SF
Price / SF$251.91
Days on Market737
Property Features for 400 International Way
General Information
Standard status
Active
Size
78,204 SF
Class
A
Total Parking Spaces
359
Property subtype
Office
Zoning
CI (Campus Industrial)
Investment Type
Owner/User
Building Details
Year Built
2008
Stories
3
Listing Agency:
Campbell Commercial Real Estate
Listed By:
Bill Newland · License #OR 200812038
(541) 484-2214
Source:
Crexi
Added: Oct 14, 2024
Changed: Oct 17
Last Checked: Oct 19 at 4:03AM
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 Campbell Commercial Real Estate
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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 commercial real estate offering features an office building with a total size of 78,204 square feet. The property is located in Springfield, Oregon.
Key Highlights
- Built in 2008, offering relatively modern construction.
- Property is for sale.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,083,344
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,666,880
$21.7M
Cap Rate 7%
$15,476,343
$15.5M
Cap Rate 9%
$12,037,156
$12.0M
Market Conditions
NOI Build-Up for 78,204 SF
Gross rent
$1.74M $22.20/SF
− Vacancy
−$291.7K −$3.73/SF
EGI
$1.44M $18.47/SF
− OpEx
−$361.1K −$4.62/SF
NOI
$1.08M $13.85/SF
Area
Lane County, OR
Vacancy
16.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,666,880
Cap Rate 7%
$15,476,343
Cap Rate 9%
$12,037,156
Alternative Uses
Best Use
Office B
$15.48M
$13.54M – $18.06M
NOI $1,083,344 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.78M
$17.31M – $23.08M
NOI $1,384,924 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
Explore this area
Business Placement
Demographics for 97477, OR
37,602
Population
16,572
Households
2.3
Avg Household Size
39
Median Age
23%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
3,032
Density / Sq Mi
$63,574
Median Household Income
$35,645
Median Earnings
$1,176
Median Rent
$345,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - 78,204 square foot office building available for purchase.
Where is this office building located?
The property is located at 400 International Way Springfield, OR.
What is the asking price?
The asking price for this property is $19,700,000.
What are key features of this property?
This property features: Built in 2008, offering relatively modern construction.; Property is for sale.
