Updated Medical Office Ready

502 E Whiteaker Ave, Cottage Grove, OR 97424

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For Sale

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Vacant, updated medical office space near Main Street.

Type:Office

Property size:

835 SF

Price / SF:

$245/SF

HighLights

Excellent location: just 1 block from Main Street.
Vacant and ready for immediate occupancy.
Updated with newer ductless heat/AC, fixtures, and plumbing.
Suitable for multiple uses: Medical, LMT, Vet, Office, and Retail.
Currently configured as a Medical Office with office/exam rooms and reception area.
On‑site paved parking lot.

We can help!

Contact an agent

Brent Cole

For Sale

Contact for pricing

Vacant, updated medical office space near Main Street.

Type:Office

Property size:

835 SF

Price / SF:

$245/SF

Added:: Mar 9, 2021
Days on Market:: 1945
Last Refresh:: May 19 at 9:26 pm

Property Features for 502 E Whiteaker Ave

General Information

Standard status: Active
Size: 835 SF
Property subtype: Office

Building Details

Year Built: 1955

We can help!

Contact an agent

Brent Cole

Listing office Triple Oaks Realty

Listing date Mar 9, 2021

Source Crexi

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 Triple Oaks Realty

HighLights

Excellent location: just 1 block from Main Street.
Vacant and ready for immediate occupancy.
Updated with newer ductless heat/AC, fixtures, and plumbing.
Suitable for multiple uses: Medical, LMT, Vet, Office, and Retail.
Currently configured as a Medical Office with office/exam rooms and reception area.
On‑site paved parking lot.

Overview

This vacant property is ready for a new owner-user. It is located one block from Main Street. The property is currently configured for medical office use, making it suitable for medical practices, licensed massage therapists, veterinary clinics, general office use, or retail businesses. The building features newer ductless heat and air conditioning, updated fixtures, and plumbing. The layout includes office and exam rooms, as well as a reception area. On-site parking is available in the paved lot. The property has a size of 835 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$18.5k	$22.20
− Vacancy	−$3.1k	−$3.73
EGI	$15.4k	$18.47
− OpEx	−$3.9k	−$4.62
NOI	$11.6k	$13.85

835 SF · lease $22.20/SF/yr · vacancy 16.80% · expense 25.00%

Alternative Uses

Best Use

Office B

$165.2K

$144.6K – $192.8K (±1% cap)

NOI $11,567 @ 7.0% cap · market cap 5.64%

Second Best

Healthcare Medical

$145.4K

$127.2K – $169.6K (±1% cap)

NOI $10,177 @ 7.0% cap · market cap 4.96%

Theoretical Best

Office A

$211.2K

$184.8K – $246.5K (±1% cap)

NOI $14,787 @ 7.0% cap · market cap 7.21%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Similar Places Nearby

Cottage Grove Veterinary Clinic — 1221 E Main St, Cottage Grove, OR 97424

Location Insight

Map
Local Demand

City: Cottage Grove
County: Lane
State: Oregon
Longitude: -123.0627174
Latitude: 43.7981396

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For sale
Medical Office Space
OR
Cottage Grove
97424
502 E Whiteaker Ave

What type of property is this?

Medical Office Space - Vacant, updated medical office space near Main Street.

Where is this medical office space located?

The property is located at 502 E Whiteaker Ave Cottage Grove, OR.

What is the asking price?

The asking price for this property is $205,000.

What are key features of this property?

This property features: Excellent location: just 1 block from Main Street.; Vacant and ready for immediate occupancy.; Updated with **newer ductless heat/AC, fixtures, and plumbing.**