Mixed-Use Property in Jefferson
960 960/970 W 7th Ave, Eugene, OR 97402
For Sale
$545,000
Two buildings in popular neighborhood, potential for multiple income streams.
Property Size3,538 SF
Price / SF$154.04
Days on Market232
Property Features for 960 960/970 W 7th Ave
General Information
Standard status
Size
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
United Real Estate Properties
Listed By:
Min Yi Su · License OR #201240122
(541) 515-0103
Source:
Wyndeekono
Added: Mar 27
Changed: Oct 25
Last Checked: Oct 7 at 4:02PM
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 United Real Estate Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property is located in the Jefferson Westside/Whiteaker Neighborhood, near restaurants and businesses. It consists of two buildings with the potential for two or three income streams. A barber shop has been operating for many years with a month-to-month lease. The daylight basement was previously rented as an apartment. The property is zoned C-2, and is suitable for investors or business owners. Buyer to do due diligence.
Key Highlights
- C‑2 zoning offers flexibility for business or residential use.
- Potential for multiple income streams from two buildings.
- Located in the desirable Jefferson Westside/Whiteaker Neighborhood.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,685
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,700
$553.7K
Cap Rate 7%
$395,500
$395.5K
Cap Rate 9%
$307,611
$307.6K
Market Conditions
NOI Build-Up for 3,538 SF
Gross rent
$50.9K $14.40/SF
− Vacancy
−$611 −$0.17/SF
EGI
$50.3K $14.23/SF
− OpEx
−$22.7K −$6.40/SF
NOI
$27.7K $7.82/SF
Area
Eugene, OR
Vacancy
1.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,700
Cap Rate 7%
$395,500
Cap Rate 9%
$307,611
Alternative Uses
Best Use
Office B
$773.3K
$676.6K – $902.2K
NOI $54,131 @ 7.0% cap · market cap 9.93%
Second Best
Mixed Use
$750.6K
$656.7K – $875.7K
NOI $52,539 @ 7.0% cap · market cap 9.64%
Theoretical Best
Office A
$1.07M
$934.0K – $1.25M
NOI $74,723 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,960
Businesses Nearby
Explore this area
Business Placement
Demographics for 97402, OR
56,610
Population
23,882
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
91%
High-School Grad
68.6 sq mi
ZIP Area
825
Density / Sq Mi
$55,743
Median Household Income
$35,728
Median Earnings
$1,287
Median Rent
$330,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings in popular neighborhood, potential for multiple income streams.
Where is this mixed-use property located?
The property is located at 960 960/970 W 7th Ave Eugene, OR.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: C‑2 zoning offers flexibility for business or residential use.; Potential for multiple income streams from two buildings.; Located in the desirable Jefferson Westside/Whiteaker Neighborhood.
