Industrial Flex Building with
58 - 60 Grimes Street Eugene, OR 97402
58 - 60 Grimes Street, Eugene, OR, 97402
Contact for pricing
For Sale
Contact for pricing
Two-space flex configuration includes four grade-level doors, 3-phase power, office space, and mezzanine storage.
Property Size7,920 SF
Lot Size0.48 Acres
Price / SF$135.10
Days on Market23
Property Features for 58 - 60 Grimes Street
General Information
- Standard status
- Active
- Size
- 7,920 SF
- Lot size
- 0.48 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1976
Listing agency
Campbell Commercial Real Estate
(541) 484-2214
Listed by
Bill Newland · License #OR 200812038
Source
Crexi
Added: Jun 30 Updated: Jul 22 at 11:01AM Checked: Jul 22 at 11:01AM
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
Investment Insights
Based on property information with market context.
58–60 Grimes Street is an owner-user or investment industrial flex building with a current two-space configuration. The existing setup allows a buyer to occupy one side while leasing the other, or use the entire facility as needed. Improvements include four grade-level doors, 3-phase power, warehouse heating, office space, and mezzanine storage.
The property is located on a 0.48-acre site in Eugene, Oregon. It is designated I-3 Heavy Industrial zoning, supporting heavy industrial uses.
With approximately 7,920 square feet of building area, the layout and building systems are suited for flexible warehouse and office occupancy within a heavy industrial zoning framework.
The property is located on a 0.48-acre site in Eugene, Oregon. It is designated I-3 Heavy Industrial zoning, supporting heavy industrial uses.
With approximately 7,920 square feet of building area, the layout and building systems are suited for flexible warehouse and office occupancy within a heavy industrial zoning framework.
Key Highlights
- Two‑space flex building totaling approx. 7,920 SF on a 0.48‑acre site (built 1976)
- Four grade‑level doors for warehouse access
- 3‑phase power plus warehouse heating
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.5k | $13.20 |
| − Vacancy | −$5.2k | −$0.66 |
| EGI | $99.3k | $12.54 |
| − OpEx | −$14.9k | −$1.88 |
| NOI | $84.4k | $10.66 |
7,920 SF · lease $13.20/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.73M
$1.51M – $2.02M
NOI $121,176 @ 7.0% cap · market cap 11.32%
Second Best
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,419 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,270 @ 7.0% cap · market cap 15.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
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FAQs
What type of property is this?
Flex space - Two-space flex configuration includes four grade-level doors, 3-phase power, office space, and mezzanine storage.
Where is this flex space located?
The property is located at 58 - 60 Grimes Street Eugene, OR.
What is the asking price?
The asking price for this property is $1,070,000.
What are key features of this property?
This property features: Two‑space flex building totaling approx. 7,920 SF on a 0.48‑acre site (built 1976); Four grade‑level doors for warehouse access; 3‑phase power plus warehouse heating
