Mixed-Use Property with
856-888 Willamette Street, Eugene, OR 97401
For Sale
Contact for pricing
The property combines a seven-screen cinema with flexible, multi-level space for retail or office use.
Property Size21,530 SF
Lot Size0.23 Acres
Price / SF$175.94
Days on Market34
Property Features for 856-888 Willamette Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Corner Location
Traffic Count
Tenancy & Operations
Currently Operating
Tenant in Place
Building Details
Tenancy
Listing Agency:
Campbell Commercial Real Estate
Listed By:
Ben Wanichek · License OR #201238379
(541) 520-0067
Source:
Crexi
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 8 at 3:23PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 21,530-square-foot mixed-use property occupies 0.23 acres and is zoned C-3 Major Commercial. Its cinema has seven auditoriums with stadium seating, a lobby and concession area, a serving kitchen, and restrooms. A separate 11,290-square-foot area, including a daylight basement, has an open layout across multiple levels for retail or office use.
At Willamette Street and West Broadway in downtown Eugene, the property is surrounded by restaurants, shops, entertainment venues, lodging, and civic destinations. The corner location has exposure to approximately 38,000 vehicles per day and is in a walkable downtown setting.
The separate space has a lease obligation through May 2028 and is being marketed for lease. C-3 zoning and the property's varied interior configurations are additional defining features.
At Willamette Street and West Broadway in downtown Eugene, the property is surrounded by restaurants, shops, entertainment venues, lodging, and civic destinations. The corner location has exposure to approximately 38,000 vehicles per day and is in a walkable downtown setting.
The separate space has a lease obligation through May 2028 and is being marketed for lease. C-3 zoning and the property's varied interior configurations are additional defining features.
Key Highlights
- 21,530 square feet on 0.23 acres
- C‑3 Major Commercial zoning
- Seven cinema auditoriums with stadium seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$319,721
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,394,420
$6.4M
Cap Rate 7%
$4,567,443
$4.6M
Cap Rate 9%
$3,552,456
$3.6M
Market Conditions
NOI Build-Up for 21,530 SF
Gross rent
$568.4K $26.40/SF
− Vacancy
−$56.8K −$2.64/SF
EGI
$511.6K $23.76/SF
− OpEx
−$191.8K −$8.91/SF
NOI
$319.7K $14.85/SF
Area
Eugene, OR
Vacancy
10.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,394,420
Cap Rate 7%
$4,567,443
Cap Rate 9%
$3,552,456
Alternative Uses
Best Use
Mixed Use
$4.57M
$4.00M – $5.33M
NOI $319,721 @ 7.0% cap · market cap 8.44%
Second Best
Retail
$4.46M
$3.91M – $5.21M
NOI $312,512 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$6.50M
$5.68M – $7.58M
NOI $454,714 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
38,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,840
Businesses Nearby
204k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 33%
Groceries 21%
Apparel 1%
Whole Foods Market
Groceries
37,129 visits/mo
0.3 miles
Taco Bell
Dining
21,808 visits/mo
0.5 miles
Dutch Bros. Coffee
Dining
13,865 visits/mo
0.2 miles
Chevron
Shops & Services
13,532 visits/mo
0.2 miles
The Old Spaghetti Factory
Dining
13,186 visits/mo
0.3 miles
Demographics for 97401, OR
45,634
Population
24,220
Households
1.9
Avg Household Size
32
Median Age
47%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
4,907
Density / Sq Mi
$51,244
Median Household Income
$26,604
Median Earnings
$1,318
Median Rent
$472,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a seven-screen cinema with flexible, multi-level space for retail or office use.
Where is this mixed-use property located?
The property is located at 856-888 Willamette Street Eugene, OR.
What is the asking price?
The asking price for this property is $3,788,000.
What are key features of this property?
This property features: 21,530 square feet on 0.23 acres; C‑3 Major Commercial zoning; Seven cinema auditoriums with stadium seating
