Industrial Flex
697 34th Street Springfield, OR 97478
697 34th Street, Springfield, OR, 97478
Contact for pricing
For Sale
Contact for pricing
Flexible industrial building allows an owner to occupy all or part while leasing additional space.
Property Size9,660 SF
Price / SF$150.10
Days on Market9
Property Features for 697 34th Street
General Information
- Standard status
- Active
- Size
- 9,660 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1987
Listing Agency
Campbell Commercial Real Estate
(541) 484-2214
Listed by
Bill Newland · License #OR 200812038
Source
Crexi
Added: Jul 9 Checked: Jul 15 at 11:08 pm
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.
697 34th Street is an industrial flex warehouse offered for sale with a layout designed to support multiple operating scenarios. The existing configuration provides flexibility for an owner-user to occupy a portion of the building and lease additional space, or for a buyer to utilize the entire facility for business operations.
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.
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 |
9,660 SF · lease $18.96/SF/yr · vacancy 6.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.59M
$1.39M – $1.85M
NOI $110,954 @ 7.0% cap · market cap 7.65%
Second Best
Warehouse
$1.01M
$884.9K – $1.18M
NOI $70,795 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $171,070 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kustom Kraft Cabinets
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- Frankly Plant Based Dogs and Catering — 294 S 35th St, Springfield, OR 97478
FAQs
What type of property is this?
Flex space - Flexible industrial building allows an owner to occupy all or part while leasing additional space.
Where is this flex space located?
The property is located at 697 34th Street Springfield, OR.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 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
