Freestanding Two-Story Office
944 W 5TH Ave Eugene, OR 97402
944 W 5TH Ave, Eugene, OR, 97402
$1,195,000
For Sale
$1,195,000
Two-story office building features 17 private offices, three large conference rooms, and 15 onsite parking spaces.
Property Size6,732 SF
Price / SF$177.51
Days on Market455
Property Features for 944 W 5TH Ave
General Information
- Standard status
- Active
- Size
- 6,732 SF
- Property subtype
- Office
Building Details
- Year Built
- 1974
Listing agency
Windermere RE Lane County
(541) 501-3399
Listed by
Kristena Cox
(541) 501-3399
Source
Xome
Added: Apr 24, 2025 Updated: Jul 21 at 4:10PM Checked: Jul 21 at 4:10PM
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 freestanding, two-story walkup office building includes 17 private offices and three large conference rooms, providing a practical setup for day-to-day workplace use.
Located in the Whiteaker neighborhood of Eugene, the property is described as being prominently positioned. C2 zoning allows for a wide range of uses.
The offering is available for sale, lease, or lease with an option to buy, with 15 onsite parking spaces available for visitors and staff.
Located in the Whiteaker neighborhood of Eugene, the property is described as being prominently positioned. C2 zoning allows for a wide range of uses.
The offering is available for sale, lease, or lease with an option to buy, with 15 onsite parking spaces available for visitors and staff.
Key Highlights
- Two‑story free‑standing office building in the Whiteaker neighborhood, built in 1974
- Layout includes 17 private offices and 3 large conference rooms
- C2 zoning allows a wide range of uses (zoning listed as C2, also shown as S‑W)
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 | $161.6k | $24.00 |
| − Vacancy | −$24.2k | −$3.60 |
| EGI | $137.3k | $20.40 |
| − OpEx | −$34.3k | −$5.10 |
| NOI | $103.0k | $15.30 |
6,732 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.72M
NOI $103,000 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,180 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Centro Latino Americano
Charitable Organization
Sara Csaky
Counselor
Huerto de la ...
Charitable Organization
Basilio Sandoval
Foster Care Service
Nathan Mather
Physician
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FAQs
What type of property is this?
Office building - Two-story office building features 17 private offices, three large conference rooms, and 15 onsite parking spaces.
Where is this office building located?
The property is located at 944 W 5TH Ave Eugene, OR.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Two‑story free‑standing office building in the Whiteaker neighborhood, built in 1974; Layout includes 17 private offices and 3 large conference rooms; C2 zoning allows a wide range of uses (zoning listed as C2, also shown as S‑W)
