Office Building with
New
For Sale
$630,000
692 JEFFERSON St, Eugene, OR 97402
CommercialSale, Eugene, OR
Property Size3,159 SF
Lot Size0.20 Acres
Price / SF$199.43
Days on Market3
Property Features for 692 JEFFERSON St
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Whit
Directions
NW corner of W 7th and Jefferson
Subdivision
_245
Standard status
Active
APN
0264570
Size
3,159 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
TL 10100 & 10000 (Title co to verify)
Legal Description
TL 10100 & 10000 (Title co to verify)
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1928
Floors in Building
2
Building materials
CrawlSpace, FullBasement, LapSiding
Roof type
Composition
Listing Agency:
United Real Estate Properties
(541) 525-9060
Listed By:
Kayla White
(209) 204-4884
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 3 at 3:06AM
MLS# 773190271
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.
The 3,159-square-foot office property was built in 1928 and includes multiple private rooms, two bathrooms, a kitchen, and an open interior with hardwood floors and built-in cabinetry. One bathroom has a wide doorway and a roll-in shower. The basement provides laundry and storage, with its own exterior entrance. Building updates include a replacement roof, attic insulation, and newer flooring; kitchen countertops date to 2020, appliances to 2021, and the siding to 2022.
The sale includes two tax lots at 672 and 692 Jefferson St. in Eugene, totaling 0.2 acres. The second lot is vacant and has been partially filled with approximately 3 feet of angular rock. Exterior features include a covered porch, accessibility ramp, carport, fencing, and five garden beds. The property is currently used as the headquarters of a nonprofit life skills organization.
The sale includes two tax lots at 672 and 692 Jefferson St. in Eugene, totaling 0.2 acres. The second lot is vacant and has been partially filled with approximately 3 feet of angular rock. Exterior features include a covered porch, accessibility ramp, carport, fencing, and five garden beds. The property is currently used as the headquarters of a nonprofit life skills organization.
Key Highlights
- 3,159‑square‑foot office building on a 0.2‑acre site
- Sale includes two tax lots at 672 and 692 Jefferson St.
- Vacant lot partially filled with approximately 3 feet of angular rock
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
$48,333
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
7.67%
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%
$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
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 $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 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%
$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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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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Cap Rate, Value Estimation, Potential NOI and more
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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 separate vacant lot provide a flexible property configuration.
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: 3,159‑square‑foot office building on a 0.2‑acre site; Sale includes two tax lots at 672 and 692 Jefferson St.; Vacant lot partially filled with approximately 3 feet of angular rock
