Six-Bay Flex Industrial
For Sale
$895,000
93303 PRAIRIE Rd, Junction City, OR 97448
CommercialSale, JunctionCity, OR
Property Size5,760 SF
Lot Size0.49 Acres
Price / SF$155.38
Days on Market197
Property Features for 93303 PRAIRIE Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M2
Directions
HWY 99S to Junction City, R at light onto Prairie Rd, cross over tracks and take L on Prairie Rd
Subdivision
_237
Standard status
Active
APN
1914008
Size
5,760 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Description
16-04-08-20-01800 Prairie Road Business Park
Tax Annual Amount
4267
Legal Description
16-04-08-20-01800 Prairie Road Business Park
Utilities
Heating system
Forced Air, Ductless (Heating)
Cooling system
Heat Pump
Building Details
Year built
2018
Floors in Building
1
Building materials
MetalSiding, WoodFrame
Roof type
Metal
Listing Agency:
Willamette Properties Group
(541) 998-3378
Listed By:
Tosh Dickenson · License #201206933
(541) 844-5687
Added: Feb 10
Changed: Jul 27
Last Checked: Aug 26 at 1:06AM
MLS# 188877005
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Completed in 2018, this 5,760-square-foot flex facility occupies 0.49 acres and is arranged around six independent bays. Each bay includes a 12-foot overhead door with an electric opener, 14-foot ceilings, an individual mini-split HVAC system, and LED lighting. The building also provides six private 120-square-foot offices and six ADA-compliant restrooms. Metal siding, wood-frame construction, and a metal roof complete the improvements, with forced-air and ductless heating and heat-pump cooling systems.
The property has frontage along Highway 99 and includes paved parking for 22+ vehicles, with additional area for equipment staging and customer access. Natural gas service and metered electric are in place. Rail, airport, and freight access are within 7 miles, while a commercial fueling station is directly across the street. M2 zoning supports equipment repair and maintenance, light manufacturing, warehousing and distribution, material sales, contractor headquarters, specialty trades, and other commercial uses. The property is currently occupied.
The property has frontage along Highway 99 and includes paved parking for 22+ vehicles, with additional area for equipment staging and customer access. Natural gas service and metered electric are in place. Rail, airport, and freight access are within 7 miles, while a commercial fueling station is directly across the street. M2 zoning supports equipment repair and maintenance, light manufacturing, warehousing and distribution, material sales, contractor headquarters, specialty trades, and other commercial uses. The property is currently occupied.
Key Highlights
- 5,760 square feet on 0.49 acres, completed in 2018
- Six independent bays with 12‑foot doors, 14‑foot ceilings, and individual mini‑split HVAC
- Six private 120‑square‑foot offices and six ADA‑compliant restrooms
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
$66,159
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
7.39%
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%
$1,323,180
$1.3M
Cap Rate 7%
$945,129
$945.1K
Cap Rate 9%
$735,100
$735.1K
Market Conditions
NOI Build-Up for 5,760 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
$109.2K $18.96/SF
− Vacancy
−$7.4K −$1.29/SF
EGI
$101.8K $17.67/SF
− OpEx
−$35.6K −$6.18/SF
NOI
$66.2K $11.49/SF
Area
Lane County, OR
Vacancy
6.80%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
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%
$1,323,180
Cap Rate 7%
$945,129
Cap Rate 9%
$735,100
Alternative Uses
Best Use
Flex RnD
$945.1K
$827.0K – $1.10M
NOI $66,159 @ 7.0% cap · market cap 7.39%
Second Best
Warehouse
$603.0K
$527.7K – $703.6K
NOI $42,213 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,005 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
6
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97448, OR
13,709
Population
6,150
Households
2.2
Avg Household Size
44
Median Age
28%
College-Educated
93%
High-School Grad
138.1 sq mi
ZIP Area
99
Density / Sq Mi
$78,244
Median Household Income
$40,306
Median Earnings
$1,079
Median Rent
$410,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- OREGON GRIND — 93303 Prairie Rd UNIT 6, Junction City, OR 97448
Frequently Asked Questions
What type of property is this?
Flex space - M2-zoned facility with private offices, ADA-compliant restrooms, and flexible light industrial use potential.
Where is this flex space located?
The property is located at 93303 PRAIRIE Rd Junction City, OR.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 5,760 square feet on 0.49 acres, completed in 2018; Six independent bays with 12‑foot doors, 14‑foot ceilings, and individual mini‑split HVAC; Six private 120‑square‑foot offices and six ADA‑compliant restrooms
