Building Details

Year Built 1993

Buildings 2

Listing Agency: TR Hunter Real Estate

Listed By: Vanessa Buss · License #201260194 Show Phone

Source: Wyndeekono

Added: Aug 2 Changed: Oct 7 Last Checked: Oct 7 at 12:58PM

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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 TR Hunter Real Estate

Investment Insights

Based on property information with market context.

Built in 1993, this 2,736-square-foot flex property includes an oversized primary shop with a dedicated restroom and a lower-level garage with 2 garage doors. The two-structure layout provides separated areas for operations, storage, workshop functions, or other uses subject to applicable approvals. Open areas around the improvements support circulation and flexible site utilization.

The property at 85340 Hwy 101 in Florence includes gated entry, a looping driveway, and a private setting. Its coastal location places it just minutes from the Oregon Dunes. Zoning, permitted uses, development requirements, camping allowances, and county approvals should be independently verified with the appropriate authorities.

Key Highlights

• 2,736‑square‑foot flex property built in 1993
• Primary shop includes its own restroom
• Secondary garage has 2 garage doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,426

Cap Rate

3.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$628,520 $628.5K

Cap Rate 7%

$448,943 $448.9K

Cap Rate 9%

$349,178 $349.2K

Market Conditions

NOI Build-Up for 2,736 SF

Gross rent

$51.9K $18.96/SF

− Vacancy

−$3.5K −$1.29/SF

EGI

$48.3K $17.67/SF

− OpEx

−$16.9K −$6.18/SF

NOI

$31.4K $11.49/SF

Area

Lane County, OR

Vacancy

6.80%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$628,520

Cap Rate 7%

$448,943

Cap Rate 9%

$349,178

Alternative Uses

Best Use

Flex RnD

$448.9K

$392.8K – $523.8K (±1% cap)

NOI $31,426 @ 7.0% cap · market cap 3.51%

Second Best

Warehouse

$286.4K

$250.6K – $334.2K (±1% cap)

NOI $20,051 @ 7.0% cap · market cap 2.24%

Theoretical Best

Office A

$692.2K

$605.7K – $807.5K (±1% cap)

NOI $48,452 @ 7.0% cap · market cap 5.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Building Supply Real Estate Agency Dental Office HVAC Service Storage Facility Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

52

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 97439, OR

15,634

Population

9,056

Households

1.7

Avg Household Size

62

Median Age

27%

College-Educated

92%

High-School Grad

168.3 sq mi

ZIP Area

93

Density / Sq Mi

$58,576

Median Household Income

$36,146

Median Earnings

$1,164

Median Rent

$364,600

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Two shop and garage areas offer adaptable space for commercial operations, storage, or workshop use.

Where is this flex space located?

The property is located at 85340 Highway 101 Florence, OR.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: 2,736‑square‑foot flex property built in 1993; Primary shop includes its own restroom; Secondary garage has 2 garage doors