Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1879 2Nd Ave Eugene, OR 97402

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1879 2Nd Ave Eugene, OR 97402

    View on Map
    • Warehouses
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1879 2Nd Ave

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 22,500-square-foot industrial warehouse is ideally situated in Eugene, Oregon's Milland East Industrial Park, offering unparalleled access to major transportation arteries. The property, categorized as a multi-tenant building, boasts a versatile design suitable for warehouse, distribution, or flex space needs. The building features a robust infrastructure including four convenient dock-high loading doors and five grade-level doors, ensuring efficient loading and unloading operations. Its location within the established Milland East Industrial Park provides a strategic advantage for businesses seeking a well-connected and established industrial environment. The property's address is 1879 W 2nd Ave, Eugene, OR 97402, within Lane County. Currently, one unit is available within this substantial industrial space. This presents a unique opportunity for businesses seeking a well-maintained, functional, and strategically located warehouse in a thriving Oregon market. The property's size and features make it suitable for a variety of industrial uses, offering flexibility and adaptability to meet diverse operational requirements. The easy access to major highways further enhances its logistical appeal, streamlining transportation and distribution processes. This is a rare opportunity to secure a prime industrial space in a highly sought-after location.

    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
    -123.121
    Latitude
    44.0579

    Comparable in this City

    • Value Estimation by Request

      89 Danebo Ave

      Distribution properties
      89 Danebo Ave, Eugene, OR 97402
      View Details
    • Value Estimation by Request
      70,000 SF

      1153 2Nd Ave

      Self storage facilities • 70,000 SF
      1153 2Nd Ave, Eugene, OR 97402
      View Details
    • Value Estimation by Request

      2090 Cross St

      Distribution properties
      2090 Cross St, Eugene, OR 97402
      View Details
    • Value Estimation by Request

      1210 Interior St

      Distribution properties
      1210 Interior St, Eugene, OR 97402
      View Details
    • Value Estimation by Request
      6,160 SF

      4140 13Th Ave

      Distribution properties • 6,160 SF
      4140 13Th Ave, Eugene, OR 97402
      View Details
    • Value Estimation by Request
      25,000 SF

      108 Cleveland St

      Distribution properties • 25,000 SF
      108 Cleveland St, Eugene, OR 97402
      View Details

    Similar Nearby for Sale

    • $5,500,000
      31,250 SF

      Industrial Space with Loading Docks

      Industrial property featuring multiple loading docks and high pile storage.
      91 S Danebo Ave, Eugene, OR 97402
      View Details
    • Contact for pricing
      107,575 SF

      West Eugene Development Opportunity

      32+ acre campus with buildings and land for development.
      959 Terry St, Eugene, OR 97402
      View Details
    • $1,500,000
      19,360 SF

      Versatile Industrial Building in Eugene

      19,360 SF industrial building suitable for various business operations.
      3195 Meadow Ln, Eugene, OR 97402
      View Details
    • Contact for pricing
      72,760 SF

      West Eugene Industrial Site

      7.22 acre industrial site with warehouse and storage.
      3445 W 1St Ave, Eugene, OR 97402
      View Details
    • $1,075,000
      8,958 SF

      Mixed-Use Warehouse with Apartment

      Warehouse with office, apartment, loading doors, and ample site.
      4285 W 7Th Ave, Eugene, OR 97402
      View Details
    • Contact for pricing
      107,708 SF

      Eugene Industrial Property For Sale

      107,708 SF industrial property with robust power and convenient access.
      3590 W 3Rd Ave, Eugene, OR 97402
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High Cube Distribution Space Available

      Secured distribution space with truck staging in West Eugene.
      Eugene, OR 97402
      View Details
    • Contact for pricing

      West Eugene Warehouse with Office

      3,250 SF warehouse with office space for lease.
      1265 S Bertelsen Rd, Eugene, OR 97402
      View Details
    • $9 SF/Yr
      7,500 SF

      Industrial Space with Loading Doors

      7,500 SF industrial space featuring multiple loading doors.
      2641 W 5Th Ave, Eugene, OR 97402
      View Details
    • $0.75 SF/Yr
      5,000 SF

      Industrial Warehouse Space Available

      10,000 SF industrial space with office in Eugene, OR.
      2601 W 5Th Ave, Eugene, OR 97402
      View Details
    • $0.85 SF/Yr
      3,330 SF

      Industrial Flex Space Available

      3,330 SF flex space with loading doors for lease.
      521 Market St, Eugene, OR 97402
      View Details
    • Contact for pricing
      2,400 SF

      West Eugene Flex Space Available

      2,400 SF flex space with fenced parking in Eugene.
      1210 Interior St, 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.
    1879 2Nd Ave
    Eugene, OR 97402
    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

    1879 2Nd Ave, Eugene, OR, 97402

    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!