Two-Unit Office
For Sale
$690,000
950 Southeast Uglow Avenue, Dallas, OR 97338
Built in 1978, this two-unit office building offers 3,760 SF and is currently 31% occupied.
Property Size3,750 SF
Price / SF$183.51
Days on Market213
Property Features for 950 Southeast Uglow Avenue
General Information
Standard status
Active
Size
3,750 SF
Class
B
Property subtype
Office
Occupancy
31%
Additional Details
Office Units
2
Building Details
Building Size
3,750 SF
Year Built
1978
Listing Agency:
Sperry Commercial Global Affiliates - Sperry Commercial Inc.
Listed By:
Jerry Jones · License #OR #201232293
(503) 569-0074
Source:
Sperrycga
Added: Mar 28
Changed: Oct 25
Last Checked: Oct 24 at 3:54PM
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 Commercial Global Affiliates - Sperry Commercial Inc.
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,775
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,500
$1.0M
Cap Rate 7%
$739,643
$739.6K
Cap Rate 9%
$575,278
$575.3K
Market Conditions
NOI Build-Up for 3,760 SF
Gross rent
$81.2K $21.60/SF
− Vacancy
−$12.2K −$3.24/SF
EGI
$69.0K $18.36/SF
− OpEx
−$17.3K −$4.59/SF
NOI
$51.8K $13.77/SF
Area
Polk County, OR
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,500
Cap Rate 7%
$739,643
Cap Rate 9%
$575,278
Alternative Uses
Best Use
Office B
$739.6K
$647.2K – $862.9K
NOI $51,775 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$998.3K
$873.5K – $1.16M
NOI $69,882 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
31%
Occupancy
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
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Business Placement
Demographics for 97338, OR
22,741
Population
9,109
Households
2.5
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
124.8 sq mi
ZIP Area
182
Density / Sq Mi
$73,345
Median Household Income
$37,359
Median Earnings
$1,197
Median Rent
$388,100
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
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 Southeast Uglow Avenue Dallas, OR.
What is the asking price?
The asking price for this property is $690,000.
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
