Corner Office
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795 West 7th Avenue, Eugene, OR 97402
C-2-zoned professional office property with on-site parking and access to major corridors.
Property Size2,572 SF
Price / SF$237.17
Days on Market130
Property Features for 795 West 7th Avenue
General Information
Standard status
Active
Size
2,572 SF
Property subtype
Office
Zoning
C-2 (Community Commercial)
Investment Type
Owner/User
Building Details
Year Built
1894
Buildings
1
Listing Agency:
Campbell Commercial Real Estate
Listed By:
Tim Campbell · License #OR 950100171
(541) 484-2214
Source:
Crexi
Added: Apr 28
Changed: Sep 4
Last Checked: Sep 3 at 12:40PM
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.
Located at 795 West 7th Avenue in Eugene, this 2,572-square-foot office building provides a professional commercial setting with a functional layout and on-site parking. The property was built in 1894 and is zoned C-2 (Community Commercial).
The building occupies a corner position near downtown Eugene, with convenient connections to major corridors. Its configuration is suited to professional office operations, including law firms, professional service businesses, nonprofit organizations, and other owner-users seeking a central Eugene location.
The building occupies a corner position near downtown Eugene, with convenient connections to major corridors. Its configuration is suited to professional office operations, including law firms, professional service businesses, nonprofit organizations, and other owner-users seeking a central Eugene location.
Key Highlights
- 2,572‑square‑foot office building
- C‑2 (Community Commercial) zoning
- Corner location near downtown Eugene
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
$39,352
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
6.45%
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%
$787,040
$787.0K
Cap Rate 7%
$562,171
$562.2K
Cap Rate 9%
$437,244
$437.2K
Market Conditions
NOI Build-Up for 2,572 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
$61.7K $24.00/SF
− Vacancy
−$9.3K −$3.60/SF
EGI
$52.5K $20.40/SF
− OpEx
−$13.1K −$5.10/SF
NOI
$39.4K $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%
$787,040
Cap Rate 7%
$562,171
Cap Rate 9%
$437,244
Alternative Uses
Best Use
Office B
$562.2K
$491.9K – $655.9K
NOI $39,352 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$776.0K
$679.0K – $905.4K
NOI $54,321 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - C-2-zoned professional office property with on-site parking and access to major corridors.
Where is this office building located?
The property is located at 795 West 7th Avenue Eugene, OR.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: 2,572‑square‑foot office building; C‑2 (Community Commercial) zoning; Corner location near downtown Eugene
