Industrial Building with
91230 Coburg Industrial Way Coburg, OR 97408
91230 Coburg Industrial Way, Coburg, OR, 97408
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For Sale
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Industrial building offers warehouse space with private offices, drive-in loading doors, and a metal mezzanine.
Property Size78,952 SF
Price / SF$115.26
Days on Market62
Property Features for 91230 Coburg Industrial Way
General Information
- Standard status
- Active
- Size
- 78,952 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1990
Listing agency
Evans, Elder Brown & Seubert
(541) 345-4860
Listed by
Jeff Elder · License #OR
Source
Crexi
Added: May 22 Updated: Jul 21 at 6:34PM Checked: Jul 21 at 6:34PM
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
Investment Insights
Based on property information with market context.
This industrial building in Coburg North Condominiums features office, production, and warehouse components with a metal mezzanine over the warehouse area. The warehouse space includes multiple drive-in loading doors, gas heaters, and LED lighting with a 24’ ceiling height at the eaves. Office improvements include multiple private offices, conference rooms, and restrooms, along with heating and air conditioning. The production area supports higher-clearance operations with 20’ ceilings and heating and air conditioning.
The offering is listed as Coburg North Condominiums Unit 11, and includes approximately 15,000 square feet of mezzanine area within the warehouse. Electrical service is noted as 277 volt, 3-phase power.
Overall, the layout combines functional office space with sizable warehouse and production areas designed to support day-to-day industrial operations and internal storage or workflow within the mezzanine.
The offering is listed as Coburg North Condominiums Unit 11, and includes approximately 15,000 square feet of mezzanine area within the warehouse. Electrical service is noted as 277 volt, 3-phase power.
Overall, the layout combines functional office space with sizable warehouse and production areas designed to support day-to-day industrial operations and internal storage or workflow within the mezzanine.
Key Highlights
- 78,952 SF industrial building on 1.82 acres with office, production, warehouse, and ~15,000 SF mezzanine area
- Warehouse includes 9 drive‑in loading doors plus 24’ ceiling height at the eaves and gas heaters
- Production area features 20’ ceilings and LED lighting, totaling 16,046 SF with restrooms
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $710.6k | $9.00 |
| − Vacancy | −$29.8k | −$0.38 |
| EGI | $680.7k | $8.62 |
| − OpEx | −$102.1k | −$1.29 |
| NOI | $578.6k | $7.33 |
78,952 SF · lease $9.00/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Office B
$15.62M
$13.67M – $18.23M
NOI $1,093,706 @ 7.0% cap · market cap 12.02%
Second Best
Flex RnD
$12.95M
$11.34M – $15.11M
NOI $906,840 @ 7.0% cap · market cap 9.97%
Theoretical Best
Office A
$19.97M
$17.48M – $23.30M
NOI $1,398,170 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Industrial building offers warehouse space with private offices, drive-in loading doors, and a metal mezzanine.
Where is this flex space located?
The property is located at 91230 Coburg Industrial Way Coburg, OR.
What is the asking price?
The asking price for this property is $9,100,000.
What are key features of this property?
This property features: 78,952 SF industrial building on 1.82 acres with office, production, warehouse, and ~15,000 SF mezzanine area; Warehouse includes 9 drive‑in loading doors plus 24’ ceiling height at the eaves and gas heaters; Production area features 20’ ceilings and LED lighting, totaling 16,046 SF with restrooms
