Two-Story Office Building with
945 Garfield Street, Eugene, OR 97402
For Sale
Contact for pricing
Vacant workspace combines open-plan areas, enclosed offices, and restroom facilities on both levels.
Property Size3,196 SF
Lot Size0.37 Acres
Price / SF$265.96
Days on Market46
Property Features for 945 Garfield Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Road Access
Additional Details
Condition
Land Use
Property Use
Building Details
Buildings
Stories
Building Size
Owner Occupied
Listing Agency:
Pacwest Commercial Real Estate
Listed By:
Rene' Nelson, CCIM · License OR #890500024
Source:
Crexi
Added: Sep 26
Changed: Nov 8
Last Checked: Nov 8 at 5:38PM
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 Pacwest Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The vacant, two-story office building contains 3,196 square feet, with open work areas, private offices, and restrooms on each floor. The property comprises two tax lots totaling approximately 0.37 acres, or 16,117 square feet. A separate vacant lot of approximately 7,405 square feet is included alongside the office building.
On-site parking includes 14 standard spaces and one ADA space. The property is zoned community commercial.
On-site parking includes 14 standard spaces and one ADA space. The property is zoned community commercial.
Key Highlights
- 3,196‑square‑foot, two‑story office building
- Open work areas, private offices, and restrooms on both floors
- Two tax lots totaling approximately 0.37 acres (16,117 square feet)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,899
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,980
$978.0K
Cap Rate 7%
$698,557
$698.6K
Cap Rate 9%
$543,322
$543.3K
Market Conditions
NOI Build-Up for 3,196 SF
Gross rent
$76.7K $24.00/SF
− Vacancy
−$11.5K −$3.60/SF
EGI
$65.2K $20.40/SF
− OpEx
−$16.3K −$5.10/SF
NOI
$48.9K $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%
$977,980
Cap Rate 7%
$698,557
Cap Rate 9%
$543,322
Alternative Uses
Best Use
Office B
$698.6K
$611.2K – $815.0K
NOI $48,899 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$964.3K
$843.8K – $1.13M
NOI $67,500 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,260
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
View Realmo Analytics
Market
Properties on Market for Office buildings in Eugene
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Vacant workspace combines open-plan areas, enclosed offices, and restroom facilities on both levels.
Where is this office building located?
The property is located at 945 Garfield Street Eugene, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,196‑square‑foot, two‑story office building; Open work areas, private offices, and restrooms on both floors; Two tax lots totaling approximately 0.37 acres (16,117 square feet)
