Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    245 8Th Ave Eugene, OR 97401
    Property profile & analytics

    245 8Th Ave, Eugene, OR 97401

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ANTI-AESTHETIC / Theater & Performing Art Venue

    Property Details for 245 8Th Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Office Units

    Description

    This exceptional 1,144-square-foot commercial space is ideally situated at 245 West 8th Avenue in the heart of downtown Eugene, Oregon. The property boasts a desirable ground floor location, perfect for a variety of retail or office uses. Its open concept design features high ceilings, creating a bright and spacious atmosphere. The space is currently available for lease at a monthly rate of $1,850, modified gross. The property is zoned C-2, Community Commercial, offering flexibility for a range of businesses. Located in Lane County, with easy access to major thoroughfares and ample foot traffic, this property presents a unique opportunity for businesses seeking a vibrant and accessible location in Eugene's thriving downtown core. The single-tenant occupancy ensures a streamlined and efficient operation. This is a fantastic opportunity to establish or expand your business in a high-demand area. The address is 245 W 8th Ave, Eugene, OR 97401. The property's latitude and longitude coordinates are 44.050993892490915 and -123.09626903513198 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.096
    Latitude
    44.051

    Comparable in this City

    • Value Estimation by Request
      3,935 SF

      1011-1069 Vly Riv Plz

      Office Units
      1011-1069 Vly Riv Plz, Eugene, OR 97401
      View Details
    • Value Estimation by Request
      871,426 SF

      293 Valley River Ctr

      Restaurants
      293 Valley River Ctr, Eugene, OR 97401
      View Details
    • Value Estimation by Request
      2,944 SF

      255 Coburg Rd

      Individual retail properties
      255 Coburg Rd, Eugene, OR 97401
      View Details
    • Value Estimation by Request
      147,481 SF

      Pads At Vly Riv Ctr

      Individual retail properties
      0 Pads At Vly Riv Ctr, Eugene, OR 97401
      View Details
    • Value Estimation by Request
      6,181 SF

      Oakway Ctr

      Office Spaces
      0 Oakway Ctr, Eugene, OR 97401
      View Details
    • Value Estimation by Request
      3,420 SF

      808 Pearl St

      Office Spaces
      808 Pearl St, Eugene, OR 97401
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,775 SF

      Mixed-Use Building in Eugene, Oregon

      Two-story building with office and retail space for sale.
      28-30 E Broadway, Eugene, OR 97401
      View Details
    • Contact for pricing
      660 SF

      Modern Office/Retail Condo For Sale

      Ground floor condo ideal for office or retail use.
      321 Mill St, Eugene, OR 97401
      View Details
    • Contact for pricing

      Mixed-Use Building with Office Spaces

      Mixed-use building featuring office spaces, storage, and convenient location.
      141 E 15Th Ave, Eugene, OR 97401
      View Details
    • Contact for pricing
      10,004 SF

      Multi-Tenant Office Building For Sale

      Well-maintained office property in established commercial corridor.
      311-337 Goodpasture Island Rd, Eugene, OR 97401
      View Details
    • Contact for pricing
      8,201 SF

      Eugene Retail Building with Drive-Thru

      8,201 SF building with double drive-thru on 34,413 SF lot.
      1450 High St, Eugene, OR 97401
      View Details
    • Contact for pricing
      9,435 SF

      Retail Property on Corner Lot

      Centrally located retail property with on-site parking.
      1280 Charnelton St, Eugene, OR 97401
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Office Space Available

      Retail and Class A office space for lease.
      545 East 8Th Ave, Eugene, OR 97401
      View Details
    • Contact for pricing

      Eugene Retail/Office Space Available

      Retail and office spaces for lease in Eugene, Oregon.
      808 Pearl St, Eugene, OR 97401
      View Details
    • Contact for pricing
      3,985 SF

      Medical/Retail Space Available for Lease

      Versatile space with exam rooms, procedure room, and X-ray.
      36-40 E 17Th Ave, Eugene, OR 97401
      View Details
    • Contact for pricing

      Park Place Building Office Spaces

      Office spaces available for rent in Park Place Building.
      833 Willamette St, Eugene, OR 97401
      View Details
    • Contact for pricing

      Quality Office Space For Lease

      Office space available for lease.
      115 W 8Th Ave, Eugene, OR 97401
      View Details
    • Contact for pricing

      High-Visibility Retail and Office Space

      Prime location near Valley River Center with freeway access.
      1011-1069 Vly Riv Plz, Eugene, OR 97401
      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.
    245 8Th Ave
    Eugene, OR 97401
    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

    Thank You for Inquiry
    245 8Th Ave, Eugene, OR, 97401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!