Flex Campus with Warehouse and
For Sale
Contact for pricing
78405 Cedar Park Rd, Cottage Grove, OR 97424
Campus-style property with an administration building and warehouse, plus paved parking and fenced perimeter for mixed operations.
Property Size14,034 SF
Price / SF$85.51
Days on Market65
Property Features for 78405 Cedar Park Rd
General Information
Standard status
Active
Size
14,034 SF
Property subtype
Office, Industrial
Zoning
RPF
Lease Type
NNN
Building Details
Year Built
1976
Buildings
3
Listing Agency:
MITCHELL AND ASSOCIATES REAL ESTATE LLC
(541) 870-5284
Listed By:
Danielle Mitchell · License #201218116
Source:
Crexi
Added: Jun 8
Changed: Aug 8
Last Checked: Aug 10 at 4:22AM
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 MITCHELL AND ASSOCIATES REAL ESTATE LLC
Investment Insights
Based on property information with market context.
Cedar Park Plaza is a flexible commercial/industrial campus-style property that combines office and warehouse functionality in multiple structures. The site includes a 7,527-square-foot administration building and a 5,500-square-foot warehouse, both constructed in 1976. The warehouse is designed for operational use with high ceilings, three bay shop doors, and full bathroom facilities. Additional improvements include a 1,007-square-foot tree cooler building built in 1991 and a gas house structure of approximately 200 square feet. The property also features paved parking and circulation areas, perimeter fencing, and a wood-enclosed gazebo with a metal roof.
The property is located at 78405 Cedar Park Road, about two miles east of Interstate 5 via Exit 174 and Row River Road. It sits just outside the Cottage Grove Urban Growth Boundary and in close proximity to the Umpqua National Forest. The site has two access points from Cedar Park Road, supporting straightforward vehicle movement and day-to-day operations.
This setup can work well for owner-users and organizations needing both administrative space and practical warehouse capacity, along with additional specialty structures already on site. With direct warehouse access via multiple shop doors, the facility is positioned to support a range of operational needs that benefit from an integrated office-and-warehouse layout, paved parking, and perimeter security.
The property is located at 78405 Cedar Park Road, about two miles east of Interstate 5 via Exit 174 and Row River Road. It sits just outside the Cottage Grove Urban Growth Boundary and in close proximity to the Umpqua National Forest. The site has two access points from Cedar Park Road, supporting straightforward vehicle movement and day-to-day operations.
This setup can work well for owner-users and organizations needing both administrative space and practical warehouse capacity, along with additional specialty structures already on site. With direct warehouse access via multiple shop doors, the facility is positioned to support a range of operational needs that benefit from an integrated office-and-warehouse layout, paved parking, and perimeter security.
Key Highlights
- 4.85± acre commercial/industrial property with campus‑style layout and two access points from Cedar Park Road
- 7,527 SF administration building plus 5,500 SF warehouse building
- Warehouse features high ceilings, three bay shop doors, and full bathroom facilities
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
$102,851
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
8.57%
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%
$2,057,020
$2.1M
Cap Rate 7%
$1,469,300
$1.5M
Cap Rate 9%
$1,142,789
$1.1M
Market Conditions
NOI Build-Up for 14,034 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
$126.3K $9.00/SF
− Vacancy
−$5.3K −$0.38/SF
EGI
$121.0K $8.62/SF
− OpEx
−$18.2K −$1.29/SF
NOI
$102.9K $7.33/SF
Area
Lane County, OR
Vacancy
4.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$2,057,020
Cap Rate 7%
$1,469,300
Cap Rate 9%
$1,142,789
Alternative Uses
Best Use
Office B
$2.78M
$2.43M – $3.24M
NOI $194,410 @ 7.0% cap · market cap 16.20%
Second Best
Flex RnD
$2.30M
$2.01M – $2.69M
NOI $161,194 @ 7.0% cap · market cap 13.43%
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,530 @ 7.0% cap · market cap 20.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97424, OR
18,750
Population
7,920
Households
2.4
Avg Household Size
45
Median Age
22%
College-Educated
91%
High-School Grad
246.2 sq mi
ZIP Area
76
Density / Sq Mi
$71,985
Median Household Income
$36,588
Median Earnings
$1,012
Median Rent
$349,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Campus-style property with an administration building and warehouse, plus paved parking and fenced perimeter for mixed operations.
Where is this flex space located?
The property is located at 78405 Cedar Park Rd Cottage Grove, OR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4.85± acre commercial/industrial property with campus‑style layout and two access points from Cedar Park Road; 7,527 SF administration building plus 5,500 SF warehouse building; Warehouse features high ceilings, three bay shop doors, and full bathroom facilities
