Renovated Manufacturing Facility with 3-Phase
For Sale
$1,700,000
940 Wilson St, Eugene, OR 97402
Renovated industrial facility combining office space, production space, warehouse functionality, and substantial electrical capacity.
Property Size11,460 SF
Price / SF$148.34
Days on Market33
Property Features for 940 Wilson St
General Information
Standard status
Active
Size
11,460 SF
Building Details
Year Built
1972
Listing Agency:
Windermere RE Lane County
(541) 465-8108
Listed By:
Kristena Cox
Source:
Switzerrealestategroup
Added: Jul 29
Changed: Aug 29
Last Checked: Aug 25 at 5:32AM
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 Windermere RE Lane County
Investment Insights
Based on property information with market context.
This manufacturing property contains 11,460 square feet organized into office space, a production area, and warehouse space. The building uses CTU construction and was fully renovated in 2019, providing updated improvements within an established industrial facility.
Electrical infrastructure includes 3-phase power supported by a 480-volt transformer. Built in 1972, the property is in Eugene and is described as minutes from downtown.
Electrical infrastructure includes 3-phase power supported by a 480-volt transformer. Built in 1972, the property is in Eugene and is described as minutes from downtown.
Key Highlights
- 11,460‑square‑foot manufacturing facility
- Fully renovated in 2019
- 3‑phase power with 480‑volt transformer
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
$122,152
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
7.19%
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%
$2,443,040
$2.4M
Cap Rate 7%
$1,745,029
$1.7M
Cap Rate 9%
$1,357,244
$1.4M
Market Conditions
NOI Build-Up for 11,460 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
$151.3K $13.20/SF
− Vacancy
−$7.6K −$0.66/SF
EGI
$143.7K $12.54/SF
− OpEx
−$21.6K −$1.88/SF
NOI
$122.2K $10.66/SF
Area
Eugene, OR
Vacancy
5.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
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%
$2,443,040
Cap Rate 7%
$1,745,029
Cap Rate 9%
$1,357,244
Alternative Uses
Best Use
Warehouse
$1.75M
$1.53M – $2.04M
NOI $122,152 @ 7.0% cap · market cap 7.19%
Second Best
Flex RnD
$1.68M
$1.47M – $1.96M
NOI $117,635 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$3.46M
$3.03M – $4.03M
NOI $242,035 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
Explore this area
Business Placement
Demographics for 97402, OR
56,610
Population
23,882
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
91%
High-School Grad
68.6 sq mi
ZIP Area
825
Density / Sq Mi
$55,743
Median Household Income
$35,728
Median Earnings
$1,287
Median Rent
$330,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Renovated industrial facility combining office space, production space, warehouse functionality, and substantial electrical capacity.
Where is this manufacturing property located?
The property is located at 940 Wilson St Eugene, OR.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 11,460‑square‑foot manufacturing facility; Fully renovated in 2019; 3‑phase power with 480‑volt transformer
