Property profile

1445 8th St Florence, OR 97439

OFF-MARKET
Commercial real estate
Property ID
US71-1029746
1,356 SF 0.35 ac lot Built 1955
Individually Owned 28-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A office building, completed in 2017, offers 4,181 square feet of versatile space situated on a 0.35-acre lot in the heart of Florence, Oregon. Its convenient location provides easy access to multiple medical facilities and the downtown area. The single-level building boasts ample onsite and street parking, catering to both staff and clients. The interior features a welcoming reception and waiting area, eleven individual offices, a dedicated breakroom, and a convenient conference room. Currently owner-occupied by a counseling service, the property offers flexible possession, allowing for a seamless transition for the new owner. The existing infrastructure presents an excellent opportunity for a medical practice seeking a move-in ready space. Furthermore, the sizable lot offers potential for future expansion, allowing for the addition of more parking or an extension of the building itself. This property represents a rare opportunity to acquire a high-quality, well-maintained office building in a desirable location with significant growth potential. The asking price is $1,800,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1955
Total area 1,356 SF
Lot 0.35 ac (15,246 SF)
Zoning code MSB-MAIN STREET/AREA B
APN 18-12-27-41-09000-000
UPID US71-1029746

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Counselor Family Counselor
  • Counselor Psychologist
  • Counselor
  • Counselor
  • Counselor

Location

1445 8th St Florence, OR 97439-9351
Florence metro Census 705 EUGENE-SPRINGFIELD, OR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$737k
Blend (final) Blend
$735k

Owner & transaction history

since 1998
2 recorded transactions
1998
$60,200
1969
Price N/A

Zoning & alternative use

MSB-MAIN STREET/AREA B · Florence, OR

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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