Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Class A Medical Office Building Title is generated by Realmo AI

    330 S Garden Way, Eugene, OR 97401

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Medical office space at a prominent Springfield corner location.

    Type:Office
    Added:
    Jan 9, 2024
    Days on Market:
    869
    Last Refresh:
    May 12 at 10:53 pm

    Property Features for 330 S Garden Way

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 330 S Garden Way Contact us

    2nd Floor Shell Space $2/Mo

    Size
    3,061 SF
    Type
    Office
    New Medical Suite | Chase Gardens Medical Center Northn3,061 square feet on the 2nd...
    show more
    Contact us

    Suite 220 | Clinic Build-Out $2/Mo

    Size
    19,825 SF
    Type
    Office
    Medical Space for Lease | Suite 220 | 19,825 SFnClinic build-out includes:n  21...
    show more
    Contact us

    We can help!

    Listing Contact
    Jeff Elder
    Jeff Elder

    Listing agent Jeff Elder License #OR

    Listing office Evans, Elder Brown & Seubert

    Listing date Jan 9, 2024

    Source Crexi

    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 Evans, Elder Brown & Seubert

    HighLights

    • Class A medical office buildings.
    • Prominent corner location at Martin Luther King Jr. Boulevard and Garden Way.
    • Excellent visibility.
    • Located on Martin Luther King Boulevard, a major connector between Eugene and Springfield.
    • Landmark location for prominent doctors and medical tenants.
    • Buildings constructed in 2006 and 2008.

    Overview

    Chase Gardens Medical Center North and South are Class A medical office buildings situated at the corner of Martin Luther King Jr. Boulevard and Garden Way in Springfield, offering excellent visibility. Martin Luther King Boulevard serves as a major connector between Eugene and Springfield and is the location of Autzen Stadium. Constructed in 2006 and 2008, Chase Gardens Medical Center North and South quickly established itself as a landmark location for medical tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Oregon Oral Surgeons ... Dental Office Todd Tucker, DMD, ... Dental Office Allender Brian DDS Dental Office Oregon Medical Group Medical Clinic Oregon Medical Group ... Medical Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.053152
    Latitude
    44.057647

    Nearby Similar for Lease

    • $30 SF/Yr
      2,037 SF

      Eugene Office Space For Rent

      Office space available for lease in Eugene, Oregon.
      1011 Valley River Way, Eugene, OR
      View Details
    • $20 SF/Yr
      2,674 SF

      Eugene Office Space For Rent

      Office space available for lease in Eugene, Oregon.
      401 E 10 Ave, Eugene, OR
      View Details
    • $18 SF/Yr
      2,234 SF

      Medical/Office Space Available

      Corner medical/office space with parking and outdoor area.
      1413 Charnelton St, Eugene, OR
      View Details
    • $15 SF/Yr
      3,985 SF

      Medical Space Available For Lease

      3,985 SF medical space available for lease.
      1711 Willamette Street, Eugene, OR, 97401
      View Details
    • $19 SF/Yr
      2,592 SF

      Retail Space Available For Lease

      Retail space available for lease in Eugene, Oregon.
      3001 W 11th Ave, Eugene, OR
      View Details
    • $22 SF/Yr
      716 SF

      Eugene Office Space For Rent

      Office space available for lease in Eugene, Oregon.
      777 High St, Eugene, OR
      View Details
    • $1.75 SF/Yr
      3,021 SF

      Restaurant Space Available For Lease

      Restaurant space featuring a walk-in cooler and shared parking.
      2490 Willamette St, Eugene, OR
      View Details
    • $1,995/Mo
      2,600 SF

      Eugene Flex Space For Rent

      2,600 SF flex space with office and roll-up door.
      2950 Allane Ln, Eugene, OR
      View Details
    • $12 SF/Yr
      1,026 SF

      Retail Space Available For Rent

      Retail space available for lease in Eugene, Oregon.
      2130 W 11th Ave, Eugene, OR
      View Details
    • $0.75 SF/Yr
      10,000 SF

      Industrial Warehouse Space Available

      10,000 SF industrial space with office in Eugene, OR.
      2601 W 5 Ave, Eugene, OR
      View Details
    • $25 SF/Yr
      1,500 SF

      Retail Space on Commerce Street

      Retail space available for lease on Commerce Street.
      4325 Commerce St, Eugene, OR
      View Details
    • $1,200/Mo
      691 SF

      Second Floor Office Space

      Office space featuring a spacious open area on the second floor.
      1000 Willagillespie Rd, Eugene, OR
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical office space at a prominent Springfield corner location.
    Where is this medical office space located?
    The property is located at 330 S Garden Way Eugene, OR.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: Class A medical office buildings.; Prominent corner location at Martin Luther King Jr. Boulevard and Garden Way.; Excellent visibility.
    (541) 912-8539 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeff Elder
    Jeff Elder
    Real Estate License ID: OR
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    330 S Garden Way, Eugene, OR 97401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!