Highway-Fronted Flex
For Sale
$950,000
5129 N LOFTUS Rd, Florence, OR 97439
CommercialSale, Florence, OR
Property Size4,000 SF
Lot Size0.69 Acres
Price / SF$237.50
Days on Market848
Property Features for 5129 N LOFTUS Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RC
Directions
S Hwy 101, R onto N Loftus Rd, First R on N Loftus
Subdivision
_231
Standard status
Active
APN
0859882
Size
4,000 SF
Lot size
0.69 Acres
Taxes and HOA fees
Tax Description
19-12-03-40-00300
Tax Annual Amount
3552
Legal Description
19-12-03-40-00300
Utilities
Heating system
Zoned
Amenities
3 full bathrooms
ADA compliant
4 potential office spaces
kitchen/break area
water treatment system
Building Details
Year built
2022
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
TR Hunter Real Estate
(541) 997-1200
Listed By:
Timothy Sapp · License #911200216
(541) 999-8230
Added: May 1, 2024
Changed: Aug 25
Last Checked: Aug 26 at 3:06AM
MLS# 24223879
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2022, this metal-sided flex property offers 4,000 square feet of commercial space on 0.69 acres. The layout includes four potential offices, a kitchen and break area, three full bathrooms with ADA compliance, and a roll-up door connecting to a large shop and storage area. The shop is configured for large vehicles and equipment, with 50A electrical service, hot and cold water bibs, a sewer drain, and floor drains in multiple areas. Zoned RC, the property also includes approximately 1,800 square feet on the second floor with an I-beam subfloor system that may support future build-out. Highway 101 frontage, on-site parking, a surrounding concrete walkway, zoned heating, and a water treatment system are additional features. The property is located at 5129 N Loftus Rd in Florence, Oregon.
Key Highlights
- 4,000‑square‑foot commercial building on 0.69 acres
- Highway 101 frontage with on‑site parking
- Approximately 1,800 square feet on the second floor with I‑beam subfloor system
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
$45,944
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
4.84%
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%
$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
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
$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 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%
$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
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
52
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Metal-sided commercial building with office, shop, storage, and vehicle-access functionality on a paved site.
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‑foot commercial building on 0.69 acres; Highway 101 frontage with on‑site parking; Approximately 1,800 square feet on the second floor with I‑beam subfloor system
