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    2465 Stewart Pkwy Roseburg, OR 97471
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    2465 Stewart Pkwy Roseburg, OR 97471

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    • Retail properties & Spaces
    • 27,209 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2465 Stewart Pkwy

    Year built
    1992
    Property size
    27,209 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional two-story, 27,209-square-foot office/retail building is ideally situated near Mercy Medical Center, Walmart, and numerous restaurants and shopping centers. The property boasts a high-traffic location, a prominent monument sign, and ample on-site paved parking with 100 spaces. The ground floor offers 15,331 square feet of retail space, while the upper level provides 11,878 square feet of executive office space accessible via elevator. The upper level is divisible, offering flexibility for tenants. Built in 1992, this single building, two-story structure sits on a 2.48-acre lot and is zoned C3. The building features two suites in total, and the entire 27,209 square feet is currently vacant. The minimum divisible space is 11,878 square feet. Elevators are available for convenient access to the upper level. Previously occupied by Parkway Medical Supply, this property presents a unique opportunity for businesses seeking a prominent location with excellent visibility and ample space. The property offers a combination of retail and office space, making it suitable for a variety of uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Roseburg
    County
    Douglas
    State
    Oregon
    Longitude
    -123.37
    Latitude
    43.2371

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    • Value Estimation
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      2245 Stewart Pkwy

      OFFICE BUILDING • 3,044 SF
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    • Value Estimation by Request
      2,180 SF

      859 Lookingglass Rd

      OFFICE BUILDING • 2,180 SF
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    Similar Nearby for Sale

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      1,500 SF

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    • $1,050,000
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      Former Broadcast Studio in Roseburg

      Versatile 9,130 SF building on 1.38 acres near I-5.
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    • New
      $199,000
      0.90 Acres

      Vacant Land in Roseburg, Oregon

      0.9-acre lot with utilities, ready for development.
      513 Greenhill Dr, Roseburg, OR 97471
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    • New
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      Secluded 40-Acre Parcel in Roseburg

      Stunning 40-acre parcel with views, privacy, and roughed-in utilities.
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    • New
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      7.20 Acres

      7.2 Acres Prime Development Land

      7.2-acre development opportunity in high-traffic location near I-5.
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    Similar Nearby for Lease

    • Contact for pricing

      High-Traffic Retail/Office Space Available

      Prime location near Mercy Medical with high visibility and parking.
      3001 NW Stewart Pkwy, Roseburg, OR 97471
      View Details
    • Contact for pricing

      Office/Retail Space Near Medical Center

      27,209 SF office/retail space in high-traffic area.
      2465 NW Stewart Pkwy, Roseburg, OR 97471
      View Details
    • Contact for pricing

      Medical and Professional Office Space

      Medical and professional office spaces available for rent.
      1813 W Harvard Ave, Roseburg, OR 97471
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    • Contact for pricing
      1,920 SF

      Retail Space with Drive-Thru Potential

      New retail construction with high visibility and drive-thru opportunity.
      5146 Old Highway 99, Roseburg, OR 97471
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      Retail Space For Rent

      Single tenant retail space available, approximately 1,000 square feet.
      3019 NW Stewart Pkwy, Roseburg, OR 97471
      View Details
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    Roseburg, OR 97471
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    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
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