697 34th Street Springfield, OR 97478
Flexible industrial building allows an owner to occupy all or part while leasing additional space.
- Added:
- Jul 9, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 11 at 3:17 am
Property Features for 697 34th Street
General Information
- Standard status
- Active
- Size
- 9,660 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1987
Listing office Campbell Commercial Real Estate (541) 484-2214
Listing date Jul 9, 2026
Source Crexi
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.
The property is located in Springfield’s established industrial corridor, positioned for regional connectivity.
As a flexible industrial asset, the building is suited to buyers looking for a functional facility with room to scale occupancy depending on business needs.
Key Highlights
- Industrial building built in 1987
- Flexible layout lets a buyer occupy all or part of the building while leasing additional space
- Suitable for both owner‑users and investors seeking a functional industrial asset
Local Financial Insights For Flex RnD
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 | $183.2k | $18.96 |
| − Vacancy | −$12.5k | −$1.29 |
| EGI | $170.7k | $17.67 |
| − OpEx | −$59.7k | −$6.18 |
| NOI | $111.0k | $11.49 |
Alternative Uses
Property Analytics
Current Use by Public Records
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