Remodeled Single-Story Mixed-Use
For Sale
Contact for pricing
86 Centennial Loop, Eugene, OR 97401
C2-zoned property supports office or retail use with access to I-5, Beltline, and nearby Oakway Center.
Property Size6,163 SF
Lot Size0.62 Acres
Price / SF$239.98
Days on Market181
Property Features for 86 Centennial Loop
General Information
Standard status
Active
Size
6,163 SF
Class
B
Lot size
0.62 Acres
Property subtype
Office, Retail
Zoning
C2
Additional Details
Highway Access
Yes
Building Details
Year Built
1968
Year Renovated
2025
Buildings
1
Stories
1
Tenancy
Single
Construction
wood joist
Listing Agency:
Campbell Commercial Real Estate
(541) 484-2214
Listed By:
Bill Newland · License #OR 200812038
Source:
Crexi
Added: Mar 3
Changed: Aug 29
Last Checked: Aug 31 at 7:05AM
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.
This 6,163 SF single-story mixed-use building occupies a 0.62-acre C2-zoned parcel in Eugene. The property was built in 1968 and extensively remodeled, with a bright interior, wood joist construction, updated HVAC installed in 2025, and a recently replaced roof. Its configuration supports office or retail occupancy.
The property is located at 86 Centennial Loop near I-5, Beltline, and Oakway Center. Parenting Now has occupied the building since 1996, providing an established existing use for an owner-user or investor evaluating the asset. Autzen Stadium, Oakway Shopping Center, and major employment centers are also identified in the surrounding area.
The property is located at 86 Centennial Loop near I-5, Beltline, and Oakway Center. Parenting Now has occupied the building since 1996, providing an established existing use for an owner-user or investor evaluating the asset. Autzen Stadium, Oakway Shopping Center, and major employment centers are also identified in the surrounding area.
Key Highlights
- 6,163 SF single‑story mixed‑use building
- 0.62‑acre C2‑zoned parcel
- Extensively remodeled building originally built in 1968
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
$94,294
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
6.38%
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%
$1,885,880
$1.9M
Cap Rate 7%
$1,347,057
$1.3M
Cap Rate 9%
$1,047,711
$1.0M
Market Conditions
NOI Build-Up for 6,163 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
$147.9K $24.00/SF
− Vacancy
−$22.2K −$3.60/SF
EGI
$125.7K $20.40/SF
− OpEx
−$31.4K −$5.10/SF
NOI
$94.3K $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%
$1,885,880
Cap Rate 7%
$1,347,057
Cap Rate 9%
$1,047,711
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.57M
NOI $94,294 @ 7.0% cap · market cap 6.38%
Second Best
Mixed Use
$1.31M
$1.14M – $1.53M
NOI $91,521 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,163 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,932
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C2-zoned property supports office or retail use with access to I-5, Beltline, and nearby Oakway Center.
Where is this mixed-use property located?
The property is located at 86 Centennial Loop Eugene, OR.
What is the asking price?
The asking price for this property is $1,479,000.
What are key features of this property?
This property features: 6,163 SF single‑story mixed‑use building; 0.62‑acre C2‑zoned parcel; Extensively remodeled building originally built in 1968
