Springfield Office Building For
400 International Way Springfield, OR 97477
400 International Way, Springfield, OR, 97477
Contact for pricing
For Sale
Contact for pricing
78,204 square foot office building available for purchase.
Property Size78,204 SF
Price / SF$251.91
Days on Market646
Property Features for 400 International Way
General Information
- Standard status
- Active
- Size
- 78,204 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing agency
Campbell Commercial Real Estate
(541) 484-2214
Listed by
Bill Newland · License #OR 200812038
Source
Crexi
Added: Oct 14, 2024 Updated: Jul 6 at 8:30AM Checked: Jul 21 at 1:01PM
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 Campbell Commercial Real Estate
Investment Insights
Based on property information with market context.
This commercial real estate offering features an office building with a total size of 78,204 square feet. The property is located in Springfield, Oregon.
Key Highlights
- Built in 2008, offering relatively modern construction.
- Property is for sale.
Local Financial Insights For Office B
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 | $1.74M | $22.20 |
| − Vacancy | −$291.7k | −$3.73 |
| EGI | $1.44M | $18.47 |
| − OpEx | −$361.1k | −$4.62 |
| NOI | $1.08M | $13.85 |
78,204 SF · lease $22.20/SF/yr · vacancy 16.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$15.48M
$13.54M – $18.06M
NOI $1,083,344 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.78M
$17.31M – $23.08M
NOI $1,384,924 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Voyent Capital
Real Estate Agency
Hawes Group, Inc.
Financial Advisor
Professional Credit Service
Accounting Firm
HeRO Business Services
Financial Advisor
AccessOne
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 78,204 square foot office building available for purchase.
Where is this office building located?
The property is located at 400 International Way Springfield, OR.
What is the asking price?
The asking price for this property is $19,700,000.
What are key features of this property?
This property features: Built in 2008, offering relatively modern construction.; Property is for sale.
