Standalone Storefront
For Sale
Contact for pricing
505 A Street, Springfield, OR 97477
MUC-zoned commercial property with flexible layout, on-site parking, and a signalized corner position.
Property Size3,936 SF
Lot Size0.51 Acres
Price / SF$200.46
Days on Market165
Property Features for 505 A Street
General Information
Standard status
Active
Size
3,936 SF
Class
B
Total Parking Spaces
20
Lot size
0.51 Acres
Property subtype
Retail
Zoning
MUC (Mixed-Use Commercial)
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$59,040
Additional Details
Corner Location
Yes
Amenities
ample parking
flexible floorplan
convenient proximity to EmX Bus Rapid Transit line - Springfield Station
Building Details
Buildings
1
Units
20
Tenancy
Single
Listing Agency:
Campbell Commercial Real Estate
Listed By:
Ben Wanichek · License #OR 201238379
(541) 520-0067
Source:
Crexi
Added: May 8
Changed: Oct 15
Last Checked: Oct 19 at 7:24AM
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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Investment Insights
Based on property information with market context.
Located at 505 A Street, this standalone Springfield commercial building contains 3,936 SF on a 0.51-acre parcel. The property has a flexible floorplan, on-site parking, and a corner position controlled by a traffic signal, supporting a range of storefront configurations.
The site is in Downtown Springfield, across 5th Street from Dutch Bros Coffee and one block south of Main Street, the community’s primary retail corridor. Nearby businesses include Washburn Cafe, Tavern on Main, and Lovely. The property is also positioned near the EmX Bus Rapid Transit line and Springfield Station. Zoning is MUC (Mixed-Use Commercial).
The site is in Downtown Springfield, across 5th Street from Dutch Bros Coffee and one block south of Main Street, the community’s primary retail corridor. Nearby businesses include Washburn Cafe, Tavern on Main, and Lovely. The property is also positioned near the EmX Bus Rapid Transit line and Springfield Station. Zoning is MUC (Mixed-Use Commercial).
Key Highlights
- 3,936 SF standalone building on a 0.51‑acre parcel
- Signalized corner location at 505 A Street
- Flexible floorplan with on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,461
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,220
$1.0M
Cap Rate 7%
$720,871
$720.9K
Cap Rate 9%
$560,678
$560.7K
Market Conditions
NOI Build-Up for 3,936 SF
Gross rent
$77.9K $19.80/SF
− Vacancy
−$5.8K −$1.49/SF
EGI
$72.1K $18.32/SF
− OpEx
−$21.6K −$5.49/SF
NOI
$50.5K $12.82/SF
Area
Lane County, OR
Vacancy
7.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,220
Cap Rate 7%
$720,871
Cap Rate 9%
$560,678
Alternative Uses
Best Use
Retail
$720.9K
$630.8K – $841.0K
NOI $50,461 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$995.8K
$871.3K – $1.16M
NOI $69,703 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
826
Businesses Nearby
47k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 37%
Electronics 4%
76
Shops & Services
16,821 visits/mo
0.2 miles
Dutch Bros. Coffee
Dining
13,766 visits/mo
0.0 miles
Lithia Toyota of Springfield
Shops & Services
7,421 visits/mo
0.2 miles
Taco Time
Dining
3,262 visits/mo
0.2 miles
Dari Mart
Shops & Services
3,042 visits/mo
0.3 miles
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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - MUC-zoned commercial property with flexible layout, on-site parking, and a signalized corner position.
Where is this storefront property located?
The property is located at 505 A Street Springfield, OR.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: 3,936 SF standalone building on a 0.51‑acre parcel; Signalized corner location at 505 A Street; Flexible floorplan with on‑site parking
