Two-Unit Office
950 SE Uglow Ave Dallas, OR 97338
950 SE Uglow Ave, Dallas, OR, 97338
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For Sale
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Built in 1978, this two-unit office building offers 3,760 SF and is currently 31% occupied.
Property Size3,760 SF
Price / SF$187.50
Days on Market118
Property Features for 950 SE Uglow Ave
General Information
- Standard status
- Active
- Size
- 3,760 SF
- Property subtype
- Office
Building Details
- Year Built
- 1978
Listing agency
SPERRY - Pikes Northwest
Listed by
Jerry Jones · License #OR 201232293
Source
Crexi
Added: Mar 27 Updated: Jul 21 at 3:23PM Checked: Jul 21 at 3:23PM
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 SPERRY - Pikes Northwest
Investment Insights
Based on property information with market context.
This two-unit office building was built in 1978 and offers 3,760 SF total. The property provides a flexible layout designed to support more than one tenancy configuration, with both units currently in place.
The building is located at 950 SE Uglow Ave in Dallas, OR 97338. It is being offered for sale, and current occupancy is reported at 31%, creating room for an owner to focus on leasing performance through additional tenanting activity.
For buyers evaluating office building investments, the asset’s established structure, two-unit setup, and in-place occupancy profile provide a straightforward foundation for managing and improving net operating results over time.
The building is located at 950 SE Uglow Ave in Dallas, OR 97338. It is being offered for sale, and current occupancy is reported at 31%, creating room for an owner to focus on leasing performance through additional tenanting activity.
For buyers evaluating office building investments, the asset’s established structure, two-unit setup, and in-place occupancy profile provide a straightforward foundation for managing and improving net operating results over time.
Key Highlights
- Built in 1978, two‑unit office building totaling 3,760 SF
- Currently 31% occupied, offering room to increase leasing occupancy
- Two spacious units provide flexibility for different tenancy arrangements
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 | $81.2k | $21.60 |
| − Vacancy | −$12.2k | −$3.24 |
| EGI | $69.0k | $18.36 |
| − OpEx | −$17.3k | −$4.59 |
| NOI | $51.8k | $13.77 |
3,760 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$739.6K
$647.2K – $862.9K
NOI $51,775 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$998.3K
$873.5K – $1.16M
NOI $69,882 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Built in 1978, this two-unit office building offers 3,760 SF and is currently 31% occupied.
Where is this office building located?
The property is located at 950 SE Uglow Ave Dallas, OR.
What is the asking price?
The asking price for this property is $705,000.
What are key features of this property?
This property features: Built in 1978, two‑unit office building totaling 3,760 SF; Currently 31% occupied, offering room to increase leasing occupancy; Two spacious units provide flexibility for different tenancy arrangements
