Freestanding Two-Story Office
For Sale
$1,195,000
944 W 5TH AVE, Eugene, OR 97402
Two-story office building features 17 private offices, three large conference rooms, and 15 onsite parking spaces.
Property Size6,732 SF
Days on Market523
Property Features for 944 W 5TH AVE
General Information
Standard status
Active
Size
6,732 SF
Total Parking Spaces
15
Property subtype
Office
Zoning
C2
Additional Details
Office Units
17
Amenities
conference rooms
Building Details
Building Size
6,732 SF
Year Built
1974
Stories
2
Listing Agency:
Windermere RE Lane County
Listed By:
Kristena Cox
(541) 501-3399
Source:
Worthlandrealestate
Added: May 16, 2025
Changed: Oct 20
Last Checked: Oct 19 at 4:56PM
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
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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)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,000
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,060,000
$2.1M
Cap Rate 7%
$1,471,429
$1.5M
Cap Rate 9%
$1,144,444
$1.1M
Market Conditions
NOI Build-Up for 6,732 SF
Gross rent
$161.6K $24.00/SF
− Vacancy
−$24.2K −$3.60/SF
EGI
$137.3K $20.40/SF
− OpEx
−$34.3K −$5.10/SF
NOI
$103.0K $15.30/SF
Area
Eugene, OR
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,060,000
Cap Rate 7%
$1,471,429
Cap Rate 9%
$1,144,444
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
17
Office units
Location Intelligence
Trade Area within ½ mile
1,862
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
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)
