Three-Suite Industrial
For Sale
$782,000
940 GREENWOOD St, Junction City, OR 97448
CommercialSale, JunctionCity, OR
Property Size7,821 SF
Price / SF$99.99
Days on Market99
Property Features for 940 GREENWOOD St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1
Directions
North on Hwy 99, R on 10th St, R on Greenwood
Subdivision
_237
Standard status
Active
APN
0011369
Size
7,821 SF
Taxes and HOA fees
Tax Description
Tax ID's 0011369, 0011377, 0011351, 0011344
Tax Annual Amount
2830
Legal Description
Tax ID's 0011369, 0011377, 0011351, 0011344
Building Details
Year built
1973
Floors in Building
1
Building materials
MetalSiding, WoodSiding
Roof type
Metal
Listing Agency:
ICON Real Estate Group
(541) 915-2080
Listed By:
Olaf Junge · License #200705018
(541) 520-7896
Added: Jul 4
Changed: Sep 3
Last Checked: Oct 10 at 8:06AM
MLS# 605191022
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.
Located at 940 Greenwood St in Junction City, this 7,821-square-foot warehouse was built in 1973 and is configured as three separate suites. The layout can support divided occupancy or consolidation into a larger operating facility, with construction that includes metal and wood siding beneath a metal roof.
The property includes three additional fenced lots that provide secured outdoor areas for yard storage, truck parking, or equipment staging. M1 zoning supports its industrial classification. The seller is willing to lease back approximately one-third of the building, creating a potential combination of occupancy and rental use for a new owner.
The property includes three additional fenced lots that provide secured outdoor areas for yard storage, truck parking, or equipment staging. M1 zoning supports its industrial classification. The seller is willing to lease back approximately one-third of the building, creating a potential combination of occupancy and rental use for a new owner.
Key Highlights
- 7,821 SF warehouse building
- Three separate suites with potential for consolidation
- Three additional fenced lots for yard storage or equipment staging
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,318
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,146,360
$1.1M
Cap Rate 7%
$818,829
$818.8K
Cap Rate 9%
$636,867
$636.9K
Market Conditions
NOI Build-Up for 7,821 SF
Gross rent
$70.4K $9.00/SF
− Vacancy
−$3.0K −$0.38/SF
EGI
$67.4K $8.62/SF
− OpEx
−$10.1K −$1.29/SF
NOI
$57.3K $7.33/SF
Area
Lane County, OR
Vacancy
4.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,146,360
Cap Rate 7%
$818,829
Cap Rate 9%
$636,867
Alternative Uses
Best Use
Warehouse
$818.8K
$716.5K – $955.3K
NOI $57,318 @ 7.0% cap · market cap 7.33%
Second Best
Industrial
$674.3K
$590.0K – $786.7K
NOI $47,203 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,503 @ 7.0% cap · market cap 17.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Celtic Storage Junction City — 833 Elm St, Junction City, OR 97448
- Junction City Mini Storage — 1701 Juniper St, Junction City, OR 97448
Frequently Asked Questions
What type of property is this?
Warehouse - Flexible industrial facility with fenced outdoor areas, metal roofing, and M1 zoning in Junction City.
Where is this warehouse located?
The property is located at 940 GREENWOOD St Junction City, OR.
What is the asking price?
The asking price for this property is $782,000.
What are key features of this property?
This property features: 7,821 SF warehouse building; Three separate suites with potential for consolidation; Three additional fenced lots for yard storage or equipment staging
