Industrial Building with Renovated
230 Davidson Ave Cottage Grove, OR 97424
230 Davidson Ave, Cottage Grove, OR, 97424
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For Sale
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84,381 SF industrial building with renovated features on 10.26 acres.
Property Size84,381 SF
Lot Size10.26 Acres
Price / SF$82.96
Days on Market742
Property Features for 230 Davidson Ave
General Information
- Standard status
- Active
- Size
- 84,381 SF
- Lot size
- 10.26 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1994
Listing agency
Evans, Elder Brown & Seubert
(541) 345-4860
Listed by
Stephanie Seubert · License #OR 200009074
Source
Crexi
Added: Jul 10, 2024 Updated: Jul 6 at 7:49AM Checked: Jul 20 at 5:10AM
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 Evans, Elder Brown & Seubert
Investment Insights
Based on property information with market context.
This industrial manufacturing building, constructed in 1994, provides 84,381 square feet of space. The layout includes 45,416 square feet of conditioned production area, 33,591 square feet of heated warehouse space, and 10,424 square feet of office space. Situated on a 10.26-acre lot, the property features 97 parking spaces and an additional 3.26 acres of vacant industrial land. The building's structure is metal-on-metal with a concrete foundation, densified and polished concrete floors, and a full fire suppression system. It is equipped with 3,500 kVA, 480V power, dual utility connections (EPUD and Pacific Power), four grade-level doors, two dock-high doors, and a 1-1.5’’ waterline. Major renovations in 2016-2017 included a new roof and a 100-ton HVAC cooling system integrated with a Trane Building Management System (BMS) for climate control. The building was brought up to the current energy codes at the time of remodel.
Key Highlights
- 84,381 SF industrial building featuring conditioned production area, heated warehouse, and office space.
- Located on 10.26 acres, including 3.26 acres of vacant industrial land and 97 parking spaces.
- Major renovations in 2016‑2017: new roof and 100‑ton HVAC cooling system with Trane BMS.
Local Financial Insights For Warehouse
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 | $759.4k | $9.00 |
| − Vacancy | −$31.9k | −$0.38 |
| EGI | $727.5k | $8.62 |
| − OpEx | −$109.1k | −$1.29 |
| NOI | $618.4k | $7.33 |
84,381 SF · lease $9.00/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$8.83M
$7.73M – $10.31M
NOI $618,403 @ 7.0% cap · market cap 8.83%
Second Best
Industrial
$7.28M
$6.37M – $8.49M
NOI $509,273 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$21.35M
$18.68M – $24.91M
NOI $1,494,313 @ 7.0% cap · market cap 21.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
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FAQs
What type of property is this?
Manufacturing property - 84,381 SF industrial building with renovated features on 10.26 acres.
Where is this manufacturing property located?
The property is located at 230 Davidson Ave Cottage Grove, OR.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 84,381 SF industrial building featuring conditioned production area, heated warehouse, and office space.; Located on 10.26 acres, including 3.26 acres of vacant industrial land and 97 parking spaces.; Major renovations in 2016‑2017: new roof and 100‑ton HVAC cooling system with Trane BMS.
