Flex Building with Shop
For Sale
$950,000
5129 N Loftus Rd, Florence, OR 97439
Highway frontage, office potential, and a vehicle-accessible work area support varied commercial operations.
Property Size4,000 SF
Lot Size0.69 Acres
Price / SF$237.50
Days on Market79
Property Features for 5129 N Loftus Rd
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.69 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
1
Building Details
Year Built
2022
Buildings
1
Stories
2
Building Size
4,000 SF
Listing Agency:
TR Hunter Real Estate
Listed By:
Timothy Sapp · License #911200216
(541) 999-8230
Source:
Veraanneinternational
Added: Jul 20
Changed: Sep 6
Last Checked: Oct 6 at 12:14AM
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 TR Hunter Real Estate
Investment Insights
Based on property information with market context.
Built in 2022, this 4,000-square-foot flex property on 0.69 acres combines office, service, and storage functionality. The building includes four potential office spaces, a kitchen and break area, three full ADA-compliant bathrooms, and a roll-up door opening to a substantial shop and work area suited to large vehicles and equipment.
An additional 1,800 square feet occupies the second floor and features an I-beam subfloor system for potential buildout. The shop includes a 50A wall receptacle, hot and cold water bibs, a sewer drain, and a water treatment system; floor drains are located in the bathrooms, shop, utility room, and other service areas. The property has Highway 101 frontage, ample parking, and a concrete walkway around the building.
An additional 1,800 square feet occupies the second floor and features an I-beam subfloor system for potential buildout. The shop includes a 50A wall receptacle, hot and cold water bibs, a sewer drain, and a water treatment system; floor drains are located in the bathrooms, shop, utility room, and other service areas. The property has Highway 101 frontage, ample parking, and a concrete walkway around the building.
Key Highlights
- 4,000 square feet on 0.69 acres, built in 2022
- Highway 101 frontage at 5129 N Loftus Rd, Florence, OR 97439
- 1,800‑square‑foot second floor with I‑beam subfloor system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,944
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,880
$918.9K
Cap Rate 7%
$656,343
$656.3K
Cap Rate 9%
$510,489
$510.5K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$75.8K $18.96/SF
− Vacancy
−$5.2K −$1.29/SF
EGI
$70.7K $17.67/SF
− OpEx
−$24.7K −$6.18/SF
NOI
$45.9K $11.49/SF
Area
Lane County, OR
Vacancy
6.80%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,880
Cap Rate 7%
$656,343
Cap Rate 9%
$510,489
Alternative Uses
Best Use
Flex RnD
$656.3K
$574.3K – $765.7K
NOI $45,944 @ 7.0% cap · market cap 4.84%
Second Best
Warehouse
$418.8K
$366.4K – $488.6K
NOI $29,315 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$1.01M
$885.5K – $1.18M
NOI $70,836 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97439, OR
15,634
Population
9,056
Households
1.7
Avg Household Size
62
Median Age
27%
College-Educated
92%
High-School Grad
168.3 sq mi
ZIP Area
93
Density / Sq Mi
$58,576
Median Household Income
$36,146
Median Earnings
$1,164
Median Rent
$364,600
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?
Flex space - Highway frontage, office potential, and a vehicle-accessible work area support varied commercial operations.
Where is this flex space located?
The property is located at 5129 N Loftus Rd Florence, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 4,000 square feet on 0.69 acres, built in 2022; Highway 101 frontage at 5129 N Loftus Rd, Florence, OR 97439; 1,800‑square‑foot second floor with I‑beam subfloor system
