Light Industrial Land with
For Sale
Contact for pricing
85709 Hwy 99 S, Eugene, OR 74020
Graded, partially rocked site includes office, warehouse, and living quarters.
Property Size1,600 SF
Price / SF$321.88
Days on Market8
Property Features for 85709 Hwy 99 S
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Industrial, Land
Zoning
Light Industrial
Building Details
Buildings
1
Listing Agency:
Eugene Industrial Real Estate LLC
(541) 914-5255
Listed By:
John Erving · License #200701086
Source:
Crexi
Added: Jul 31
Changed: Aug 5
Last Checked: Aug 6 at 7:42AM
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 Eugene Industrial Real Estate LLC
Investment Insights
Based on property information with market context.
This light industrial property combines a graded, partially rocked lot with an approximately 1,600-square-foot building. The structure includes office and warehouse space on the ground floor, with living quarters on the second level. The property is identified for light industrial use and offers a combination of land and existing improvements.
Key Highlights
- Approximately 1,600 SF building on the industrial lot
- Graded site with partial rock surfacing
- Ground‑floor office and warehouse space
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
$24,480
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
4.75%
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%
$489,600
$489.6K
Cap Rate 7%
$349,714
$349.7K
Cap Rate 9%
$272,000
$272.0K
Market Conditions
NOI Build-Up for 1,600 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
$38.4K $24.00/SF
− Vacancy
−$5.8K −$3.60/SF
EGI
$32.6K $20.40/SF
− OpEx
−$8.2K −$5.10/SF
NOI
$24.5K $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%
$489,600
Cap Rate 7%
$349,714
Cap Rate 9%
$272,000
Alternative Uses
Best Use
Office B
$349.7K
$306.0K – $408.0K
NOI $24,480 @ 7.0% cap · market cap 4.75%
Second Best
Warehouse
$243.6K
$213.2K – $284.2K
NOI $17,054 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$482.7K
$422.4K – $563.2K
NOI $33,792 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial land - Graded, partially rocked site includes office, warehouse, and living quarters.
Where is this industrial land located?
The property is located at 85709 Hwy 99 S Eugene, OR.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Approximately 1,600 SF building on the industrial lot; Graded site with partial rock surfacing; Ground‑floor office and warehouse space
