Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    240 12th Ave Eugene, OR 97401-3245

    • Commercial real estate
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Feb 05, 2025
    $480,000
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0599430
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Eric Lackie / Marriage Or Relationship Counselor
    • Center for Family Development (West) / Medical Clinic
    • Patrick Fagan / Social Worker / Practitioner Service Location
    • Heath S. Whitney, LIC / Doctor
    • James Grimm / Psychiatrist

    Property Details for 240 12th Ave

    Lot size
    0.07 lot acres
    Zone code
    C-2-COMMUNITY COMMERCIAL
    Property type
    Commercial real estate
    APN
    17-03-31-41-06500-000
    APU
    1703314106500000

    Description

    This exceptional executive office building, located at 240 E 12th Avenue in Eugene, Oregon, presents a unique investment opportunity. The 1,957 square foot building boasts seven private offices, ideal for a variety of professional uses. Situated on a desirable 0.07-acre corner lot with prominent 12th Street frontage, the property offers excellent visibility and accessibility. The building underwent significant renovations in 2024, including a brand new roof, ensuring long-term cost efficiency. While limited onsite parking is available, the central Midtown Eugene location provides easy access to public transportation and ample off-street parking options nearby. The property's HVAC system was also updated in 2015, further enhancing its operational efficiency. The C-2 zoning allows for a range of commercial uses, providing flexibility for future expansion or adaptation. With its prime location, updated features, and versatile zoning, this property represents a compelling investment opportunity in a thriving Eugene neighborhood. The asking price is $510,000. The property's address is 240 E 12th Ave, Eugene, OR 97401, located in Lane County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $540,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.089
    Latitude
    44.0464
    CBSA code
    21660
    CBSA name
    EUGENE-SPRINGFIELD, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $334,344
    -
    $163,816
    $301,182
    $464,998

    Comparable in this City

    • Value Estimation by Request

      Mill St

      Land
      0 Mill St, Eugene, OR 97401
      View Details
    • Value Estimation by Request
      1.65 Acres

      Eugene, OR 97401

      COMMERCIAL (GENERAL) • 1.65 Acres
      Eugene, OR 97401
      View Details
    • Value Estimation by Request

      Eugene, OR 97401

      COMMERCIAL (GENERAL)
      Eugene, OR 97401
      View Details
    • Value Estimation by Request
      0.17 Acres

      Eugene, OR 97401

      COMMERCIAL (GENERAL) • 0.17 Acres
      Eugene, OR 97401
      View Details
    • Value Estimation by Request
      0.12 Acres

      Eugene, OR 97401

      COMMERCIAL (GENERAL) • 0.12 Acres
      Eugene, OR 97401
      View Details
    • Value Estimation by Request
      0.06 Acres

      Eugene, OR 97401

      COMMERCIAL (GENERAL) • 0.06 Acres
      Eugene, OR 97401
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      River District Retail Land

      Prime Eugene commercial lot, riverfront.
      0 Mill St, Eugene, OR 97401
      View Details
    • $750,000
      0.48 Acres

      Prime Eugene Corner Lot Investment

      0.48-acre commercial lot, ready to build.
      171 Washington St, Eugene, OR 97401
      View Details
    • $1,550,000
      0.38 Acres

      Downtown Eugene Office Complex

      Two buildings, 10 tenants, ample parking
      315 Broadway, Eugene, OR 97401
      View Details
    • $3,200,000
      8,201 SF

      High Street Bank Building

      Prime Eugene Retail Space, Vacant
      1450 High St, Eugene, OR 97401
      View Details
    • $4,600,000

      North Eugene Redevelopment Opportunity

      1.86 acres of commercial land in North Eugene.
      2225 Coburg Rd, Eugene, OR 97401
      View Details
    • $725,000
      8,159 SF

      Two-Story Office Building with Basement

      8,159 SF office building with parking in Eugene, Oregon.
      258 E 10Th Ave, Eugene, OR 97401
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      River District Retail Land

      Prime Eugene Riverfront Parcel; Ground Lease
      0 5Th Ave, Eugene, OR 97401
      View Details
    • $24 SF/Yr
      31,081 SF

      Prime Eugene Office Space

      Class A Office, Multiple Suites Available
      920 Country Club Rd, Eugene, OR 97401
      View Details
    • $22 SF/Yr
      7,927 SF

      Historic Eugene Office Space

      Prestigious downtown Eugene office, flexible spaces available.
      132 Broadway, Eugene, OR 97401
      View Details
    • $61 SF/Yr
      9,772 SF

      Coburg Road Medical Office Condo

      9,772 SF Medical Office Suite for Lease/Sale
      10 Coburg Rd, Eugene, OR 97401
      View Details
    • $27 SF/Yr
      2,850 SF

      Meridian Building: Retail & Office Space

      High-visibility retail & office suites available.
      1801 Willamette St, Eugene, OR 97401
      View Details
    • $23 SF/Yr
      22,652 SF

      Prime Eugene Office Space Available

      Class A Office Suites, Flexible Sizes
      360 10Th Ave, Eugene, OR 97401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    240 12th Ave
    Eugene, OR 97401-3245
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.