Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3445 1St Ave Eugene, OR 97402

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    72,760 SF Warehouse, Rail Access

    Property size:
    72,760 SF

    Property Features for 3445 1St Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    72,760 SF
    Lot Size
    314,503 SF

    We can help!

    Listing Contact
    John Erving
    John Erving

    Listing Agency: Eugene Industrial Real Estate LLC Listing Agent: John Erving

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 72,760-square-foot industrial property, situated on 7.22 acres of I-3 zoned land in West Eugene, Oregon, presents a compelling investment opportunity. The site boasts a prime location with convenient access to Beltline Highway, I-5, and Highway 99 North, ensuring efficient freight transportation. The property includes a 49,500-square-foot concrete tilt-up warehouse (175' x 275'), a 25' x 200' covered loading area, and a 20,500-square-foot pre-engineered annex for covered storage. The main warehouse features 20' wide x 14' high ground-level loading doors, and both the warehouse and 2,760-square-foot office space have operational fire sprinkler systems. Ceiling heights range from 17' to 20'. The property also benefits from a functional solar panel farm on the main warehouse roof, connected to the Eugene Water and Electric grid for power generation and sale of excess energy. The site is completely paved and securely fenced. An underground storage tank was removed in 1996, with a "No Further Action" letter issued by the Department of Environmental Quality (DEQ) in 1998. The main warehouse floor slabs are in remarkably good condition. While the office area is dated, minimal remodeling could restore it to excellent condition. Rail spur access is available. The asking price is $9,095,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    West Wind Forest ... Big Box & Wholesale Store 3445 W. 1st. ... Warehouse & Storage McCracken Warehouse Warehouse & Storage McCracken Warehousing Warehouse & Storage

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.1493875
    Latitude
    44.0597055

    Nearby Similar for Sale

    • New
      $1,500,000
      4,541 SF

      Two Homes on Park-Like Acre

      Two homes on one acre, ideal for multi-generational living.
      2011 River Loop 1, Eugene, OR 97404
      View Details
    • $699,000
      2,453 SF

      Eugene Multifamily Dual-Living Property

      Multifamily property with dual-living layout in established Eugene neighborhood.
      3855 Ferry St, Eugene, OR 97405
      View Details
    • $849,000
      4,101 SF

      Eugene Duplex Near University of Oregon

      Spacious duplex near the University of Oregon, ideal for investors.
      508 E 14Th Ave, Eugene, OR 97401
      View Details
    • New
      $399,999

      Cottage-Style Duplex Near University

      Duplex with renovated unit near University of Oregon and Hendricks Park.
      1702 Augusta St, Eugene, OR 97403
      View Details
    • New
      $640,000
      2,656 SF

      Remodeled Duplex on Corner Lot

      Updated duplex with strong income potential in Eugene, Oregon.
      2090 Minnesota St, Eugene, OR 97401
      View Details
    • New
      $725,500
      2,708 SF

      Corner-Lot Duplex in Lake Shore

      Duplex with flexible living options in gated community.
      2063 Lake Wind Dr, Eugene, OR 97408
      View Details
    • $385,000
      1,102 SF

      Charming Duplex in Eugene, Oregon

      Duplex with hardwood floors, ideal for owner-occupants or student housing.
      1197 W 11Th Ave, Eugene, OR 97402
      View Details
    • New
      $620,000
      2,256 SF

      Duplex in Gated Community

      Well-maintained duplex with income potential in Lake Shore Estates.
      1880 Lake Cove Ave, Eugene, OR 97408
      View Details
    • New
      $560,000
      2,000 SF

      Well-Maintained Duplex with Large Yards

      Eugene duplex with great tenants and large yards.
      172 Norman Ave, Eugene, OR 97404
      View Details
    • $719,000
      2,863 SF

      Remodeled Retail/Office Space Near UO

      Remodeled retail/office space near UO and downtown Eugene.
      509 E 13Th Ave SE, Eugene, OR 97401
      View Details
    • $599,900
      2,682 SF

      Two Homes, One Lot

      Dual-home setup with rental income and development potential.
      1445 W 11Th Ave, Eugene, OR 97402
      View Details
    • $599,000
      2,560 SF

      Eugene Duplex with Sauna Room

      Duplex near South Eugene High School with solid tenant history.
      3790 Onyx St, Eugene, OR 97405
      View Details

    FAQs

    What type of property is this?
    Distribution property - 72,760 SF Warehouse, Rail Access
    Where is this distribution property located?
    The property is located at 3445 1St Ave Eugene, OR.
    What is the asking price?
    The asking price for this property is $9,095,000.
    What are key features of this property?
    This property features: 72,760 SF heavy industrial building on a 7.22-acre lot.; Rail spur and excellent truck access.; Fully fenced and paved site.
    (541) 914-5255 Call to check price and availability
    Request Owner's contact information
    3445 1St Ave Eugene, OR 97402
    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.
    3445 1St Ave
    Eugene, OR 97402
    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
    3445 1St Ave Eugene, OR 97402
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Erving
    John Erving
    Real Estate License ID: 200701086
    (541) 914-5255
    Learn more
    Google sign-in failed. Please try again or use another login method.