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
    Property profile & analytics

    990 Garfield St Eugene, OR 97402-2707

    • Commercial real estate
    • 0.68 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0050726
    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

    • Oregon's Constant Gardener / Garden Center / Hydroponics Equipment Supplier

    Property Details for 990 Garfield St

    Lot size
    0.68 lot acres
    Property type
    Commercial real estate
    APN
    17-04-36-23-01200-000
    APU
    1704362301200000

    Description

    This exceptional 9,800-square-foot mixed-use property in West Eugene presents a unique investment opportunity. Located on a 0.68-acre lot, the building boasts a versatile layout ideal for a variety of businesses. The main floor features a spacious open area perfect for retail, production, or a combination thereof, complemented by private offices, a large conference room, and two bathrooms. A substantial warehouse area with 16-foot ceilings includes three exterior roll-up doors (14'x16', 8'x10', and 15'x10') and one interior roll-up door (11'x10'), along with 3-phase power. Upstairs, a mezzanine level offers additional private offices, open workspace, a restroom, kitchenette, and a balcony. Extensively renovated in 2005, the building features high-quality finishes and abundant natural light. The property includes 23 on-site parking spaces (including one ADA-compliant space), secure rear parking and storage, and benefits from additional on-street parking. Zoned E-2 (Mixed-Use Employment), this high-traffic location sees approximately 15,000 vehicles daily, offering excellent visibility. The asking price is $1,795,000. The Lane County Assessor's Parcel Number (APN) is 17-04-36-23-01200. This property offers a blend of warehouse (approximately 2,576 square feet) and retail/office/production space (approximately 7,224 square feet), making it an attractive option for diverse business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.124
    Latitude
    44.0488
    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
    $23,522
    $0.00
    $0.00
    $1,214,406
    -
    $659,741
    $895,813
    $1,555,554

    Comparable in this City

    • Value Estimation by Request

      Eugene, OR 97402

      COMMERCIAL (GENERAL)
      Eugene, OR 97402
      View Details
    • Value Estimation by Request

      Eugene, OR 97402

      COMMERCIAL (GENERAL)
      Eugene, OR 97402
      View Details
    • Value Estimation by Request
      0.07 Acres

      Eugene, OR 97402

      COMMERCIAL (GENERAL) • 0.07 Acres
      Eugene, OR 97402
      View Details
    • Value Estimation by Request

      Eugene, OR 97402

      COMMERCIAL (GENERAL)
      Eugene, OR 97402
      View Details
    • Value Estimation by Request

      Eugene, OR 97402

      COMMERCIAL (GENERAL)
      Eugene, OR 97402
      View Details
    • Value Estimation by Request

      Eugene, OR 97402

      COMMERCIAL (GENERAL)
      Eugene, OR 97402
      View Details

    Similar Nearby for Sale

    • $1,095,000
      1.66 Acres

      West Eugene Commercial Land for Sale

      Prime 1.66-acre retail lot in Eugene, OR
      4325 Commerce St, Eugene, OR 97402
      View Details
    • $3,600,000
      4.20 Acres

      Eugene Retail/QSR Land

      4.2-acre prime redevelopment site.
      2400 State Hwy 99, Eugene, OR 97402
      View Details
    • $650,000
      2,000 SF

      Eugene 7th Ave Commercial Building

      Restaurant/Retail Space - Prime Location
      1466 7Th Ave, Eugene, OR 97402
      View Details
    • $145,000

      West Eugene Industrial Land

      Approximately 1.35 acres of industrial land for sale.
      3501 West 3Rd Ave, Eugene, OR 97402
      View Details
    • $750,000
      5.05 Acres

      Eugene Commercial Land For Sale

      5.05 acre commercial land suitable for various industrial uses.
      Ed Cone Blvd, Eugene, OR 97402
      View Details
    • New
      $590,000
      39.71 Acres

      Prime Pasture Land Near Eugene

      Nearly 40 acres of level pasture close to Eugene.
      Clear Lake Rd, Eugene, OR 97402
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      1,200 SF

      Eugene Retail Space - 1200 SF

      Prime retail space, 1200 sq ft, fully vacant.
      4714 Royal Ave, Eugene, OR 97402
      View Details
    • $1.80 SF/Yr
      12,035 SF

      Industrial Site: 1st Ave Warehouse

      1.32 Acres, Office & Warehouse
      1355 1St Ave, Eugene, OR 97402
      View Details
    • $1.40 SF/Yr
      5,043 SF

      Seneca Station Retail Space For Lease

      Eugene, OR retail space available. Ample parking.
      890 Seneca Rd, Eugene, OR 97402
      View Details
    • $15 SF/Yr
      3,100 SF

      Eugene Retail Showroom Opportunity

      Prime Eugene location, 3100 sq ft showroom.
      1900 7Th Ave, Eugene, OR 97402
      View Details
    • $8 SF/Yr
      22,500 SF

      Eugene Industrial Warehouse Space

      22,500 SF Warehouse - Prime Location
      1879 2Nd Ave, Eugene, OR 97402
      View Details
    • $9 SF/Yr
      4,350 SF

      Industrial Warehouse Space Available

      4,350 square foot warehouse space for rent in Eugene.
      29751 E Enid Rd, Eugene, OR 97402
      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.
    990 Garfield St
    Eugene, OR 97402-2707
    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.