Office Building with Additional
New
For Sale
$630,000
692 Jefferson St, Eugene, OR 97402
Multiple private offices, two bathrooms, and a kitchen support a range of office operations.
Property Size3,159 SF
Price / SF$199.43
Days on Market7
Property Features for 692 Jefferson St
General Information
Standard status
Active
Size
3,159 SF
Property subtype
Commercial
Zoning
C 2
Additional Details
Road Access
Yes
Amenities
kitchen
bathrooms
hardwood floors
built-in cabinetry
architectural archways
covered porch
accessibility ramp
garden beds
Building Details
Year Built
1928
Buildings
1
Construction
Craftsman
Tenancy
Single
Listing Agency:
United Real Estate Properties
Listed By:
Kayla White simon@urepro.com
(209) 204-4884
Source:
Southwestwahomefinder
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 4 at 9:11AM
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 1928 office property spans two tax lots at 672 and 692 Jefferson Street. The building has multiple private offices, two bathrooms, a kitchen, and an open interior with hardwood floors, built-in cabinetry, and archways. One bathroom has a wide doorway and roll-in shower. Basement space provides laundry and storage, with a separate exterior entrance. Improvements include a roof replacement, attic insulation and wiring, refreshed flooring and bathroom tile, and quartz kitchen counters installed in 2020. Appliances were added in 2021, and the refrigerator was replaced in 2022.
The property includes a covered porch, accessibility ramp, carport, fencing, five garden beds, and drainage work. Siding was completed in 2022, and the carport and fencing were added in 2023. The second tax lot is vacant and partially filled with approximately 3 feet of angular rock. Permits for added parking were previously obtained by a prior owner. The property is zoned C-2 and has Jefferson Street exposure.
The property includes a covered porch, accessibility ramp, carport, fencing, five garden beds, and drainage work. Siding was completed in 2022, and the carport and fencing were added in 2023. The second tax lot is vacant and partially filled with approximately 3 feet of angular rock. Permits for added parking were previously obtained by a prior owner. The property is zoned C-2 and has Jefferson Street exposure.
Key Highlights
- Two tax lots include properties at 672 and 692 Jefferson Street
- Multiple private offices, two bathrooms, and a kitchen
- 1928 building with hardwood floors, built‑in cabinetry, and architectural archways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,333
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,660
$966.7K
Cap Rate 7%
$690,471
$690.5K
Cap Rate 9%
$537,033
$537.0K
Market Conditions
NOI Build-Up for 3,159 SF
Gross rent
$75.8K $24.00/SF
− Vacancy
−$11.4K −$3.60/SF
EGI
$64.4K $20.40/SF
− OpEx
−$16.1K −$5.10/SF
NOI
$48.3K $15.30/SF
Area
Eugene, OR
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,660
Cap Rate 7%
$690,471
Cap Rate 9%
$537,033
Alternative Uses
Best Use
Office B
$690.5K
$604.2K – $805.6K
NOI $48,333 @ 7.0% cap · market cap 7.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$953.1K
$834.0K – $1.11M
NOI $66,718 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 97402, OR
56,610
Population
23,882
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
91%
High-School Grad
68.6 sq mi
ZIP Area
825
Density / Sq Mi
$55,743
Median Household Income
$35,728
Median Earnings
$1,287
Median Rent
$330,000
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Multiple private offices, two bathrooms, and a kitchen support a range of office operations.
Where is this office building located?
The property is located at 692 Jefferson St Eugene, OR.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Two tax lots include properties at 672 and 692 Jefferson Street; Multiple private offices, two bathrooms, and a kitchen; 1928 building with hardwood floors, built‑in cabinetry, and architectural archways
