Manufacturing Building with
For Sale
$699,000
489 Front St, Junction City, OR 97448
C2-zoned facility with industrial equipment, truck access, office space, and a showroom.
Property Size7,500 SF
Price / SF$93.20
Days on Market61
Property Features for 489 Front St
General Information
Standard status
Active
Size
7,500 SF
Zoning
C2
Additional Details
Three-Phase Power
Yes
Building Details
Year Built
1910
Building Size
7,500 SF
Listing Agency:
United Real Estate Properties
Listed By:
Robert Olsen · License #201218062
(541) 636-4580
Source:
Rosecityrealtygroup
Added: Aug 16
Changed: Sep 14
Last Checked: Oct 7 at 5:38PM
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 United Real Estate Properties
Investment Insights
Based on property information with market context.
This manufacturing facility contains approximately 7,500 square feet of concrete-floor space and is equipped with five natural gas heaters and 3-Phase electrical service throughout. The sale includes a 1-ton crane with 25 feet of wide track, a 10 HP air compressor, and steel air lines extending through the building.
The building also provides a 12-foot by 12-foot truck door, a 225-square-foot office, a 75-square-foot file room, a 500-square-foot showroom, and 1.5 bathrooms. Zoned C2, the property comprises two tax lots, each with its own mailing address: 489 and 475 Front St. Constructed in 1910, the facility was used as a machine shop for nearly 60 years.
The building also provides a 12-foot by 12-foot truck door, a 225-square-foot office, a 75-square-foot file room, a 500-square-foot showroom, and 1.5 bathrooms. Zoned C2, the property comprises two tax lots, each with its own mailing address: 489 and 475 Front St. Constructed in 1910, the facility was used as a machine shop for nearly 60 years.
Key Highlights
- Approximately 7,500 square feet of concrete‑floor manufacturing space
- 1‑ton crane with 25' of wide track included
- 3‑Phase electric service and five natural gas heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,965
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,300
$1.1M
Cap Rate 7%
$785,214
$785.2K
Cap Rate 9%
$610,722
$610.7K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$67.5K $9.00/SF
− Vacancy
−$2.8K −$0.38/SF
EGI
$64.7K $8.62/SF
− OpEx
−$9.7K −$1.29/SF
NOI
$55.0K $7.33/SF
Area
Lane County, OR
Vacancy
4.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,300
Cap Rate 7%
$785,214
Cap Rate 9%
$610,722
Alternative Uses
Best Use
Warehouse
$785.2K
$687.1K – $916.1K
NOI $54,965 @ 7.0% cap · market cap 7.86%
Second Best
Industrial
$646.7K
$565.8K – $754.4K
NOI $45,266 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,818 @ 7.0% cap · market cap 19.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 97448, OR
13,709
Population
6,150
Households
2.2
Avg Household Size
44
Median Age
28%
College-Educated
93%
High-School Grad
138.1 sq mi
ZIP Area
99
Density / Sq Mi
$78,244
Median Household Income
$40,306
Median Earnings
$1,079
Median Rent
$410,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - C2-zoned facility with industrial equipment, truck access, office space, and a showroom.
Where is this manufacturing property located?
The property is located at 489 Front St Junction City, OR.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Approximately 7,500 square feet of concrete‑floor manufacturing space; 1‑ton crane with 25' of wide track included; 3‑Phase electric service and five natural gas heaters
