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    3661 Olympic St Springfield, OR 97478

    Sponsored
    For Sale
    $7,000,000

    Three buildings, 63,340 SF, vacant.

    Property size:
    63,340 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-building industrial campus in Springfield, Oregon, presents a unique investment and/or owner-user opportunity. Encompassing a total of 63,340 square feet on a 3.1-acre lot zoned for heavy industrial use, this property offers significant flexibility. The buildings range in size from 19,716 square feet to 24,624 square feet, allowing for the purchase of one, two, or all three structures. The asking price for the entire campus is $7,000,000, with individual building pricing available. Strategically located near Highway 126, less than half a mile from the I-5 interchange, this campus benefits from excellent access to major transportation routes. Its proximity to numerous industrial users and national retailers like Walmart, Jerry's, and Target further enhances its appeal. The property's location in Springfield, Oregon, is particularly advantageous, given the area's limited industrial land availability, strict urban growth boundaries, high barriers to entry, and a business-friendly environment. This combination of factors has contributed to strong value appreciation in the local industrial real estate market. The buildings are classified as Class B and are currently vacant, providing a blank canvas for a new owner's vision. This is a rare opportunity to acquire a substantial industrial property in a thriving location.

    Property Features for 3661 Olympic St

    General Information

    Property type
    Distribution properties
    Square Feet
    63,340 SF
    Class
    B
    Lot Size
    135,036 SF

    Building Details

    Buildings
    3

    HighLights

    • Three‑building industrial campus totaling 63,340 square feet on a 3.1‑acre lot, zoned for heavy industrial use.
    • Yellow Building: 19,716 square feet, priced at $2,600,000.
    • Red and Green Buildings: 43,624 square feet (must be purchased together), priced at $4,900,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Oregon's Only Hotel

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Lane
    State
    Oregon
    Longitude
    -122.9746967
    Latitude
    44.0589679

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    FAQs

    What type of property is this?
    Distribution property - Three buildings, 63,340 SF, vacant.
    Where is this distribution property located?
    The property is located at 3661 Olympic St Springfield, OR.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: Three-building industrial campus totaling 63,340 square feet on a 3.1-acre lot, zoned for heavy industrial use.; Yellow Building: 19,716 square feet, priced at $2,600,000.; Red and Green Buildings: 43,624 square feet (must be purchased together), priced at $4,900,000.
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    3661 Olympic St Springfield, OR 97478
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    Springfield, OR 97478
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    Realmo Value Estimation

    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.

    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.

    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
    3661 Olympic St Springfield, OR 97478
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