Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1700 2nd Ave Eugene, OR 97402-4178

    • Industrial properties
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1227283
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Caliber Collision / Auto Repair Shop / Auto Restoration Service

    Property Details for 1700 2nd Ave

    Lot size
    0.69 lot acres
    Zone code
    I-3-HEAVY INDUSTRIAL
    Property type
    Industrial properties
    APN
    17-04-25-43-13500-000
    APU
    1704254313500000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.118
    Latitude
    44.0571
    CBSA code
    21660
    CBSA name
    EUGENE-SPRINGFIELD, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $22,047
    $0.00
    $0.00
    $1,112,430
    -
    $676,116
    $1,456,010
    $2,132,126

    Comparable in this City

    • Value Estimation by Request
      1.35 Acres

      3573 3Rd Ave

      Land • 1.35 Acres
      3573 3Rd Ave, Eugene, OR 97402
      View Details
    • Value Estimation by Request
      1.01 Acres

      4765 Pacific Ave

      INDUSTRIAL (GENERAL) • 1.01 Acres
      4765 Pacific Ave, Eugene, OR 97402-9388
      View Details
    • Value Estimation by Request
      1.17 Acres

      4725 Pacific Ave

      INDUSTRIAL (GENERAL) • 1.17 Acres
      4725 Pacific Ave, Eugene, OR 97402-9388
      View Details
    • Value Estimation by Request
      0.36 Acres

      222 Polk St

      INDUSTRIAL (GENERAL) • 0.36 Acres
      222 Polk St, Eugene, OR 97402-4154
      View Details
    • Value Estimation by Request
      0.23 Acres

      191 Polk St

      INDUSTRIAL (GENERAL) • 0.23 Acres
      191 Polk St, Eugene, OR 97402
      View Details
    • Value Estimation by Request

      645 Powers St

      INDUSTRIAL (GENERAL)
      645 Powers St, Eugene, OR 97402-5398
      View Details

    Similar Nearby for Sale

    • $9,095,000
      72,760 SF

      West Eugene Industrial Site

      72,760 SF Warehouse, Rail Access
      3445 1St Ave, Eugene, OR 97402
      View Details
    • $2,295,000
      6.89 Acres

      Prime Eugene Industrial Land

      6.89 Acres, Heavy Industrial Zoning
      1860 Kintyre St, Eugene, OR 97402
      View Details
    • $153,500
      1.35 Acres

      West Eugene Industrial Land Parcel

      1.35-acre I-2 zoned industrial lot. Prime location.
      3573 3Rd Ave, Eugene, OR 97402
      View Details
    • $1,075,000
      8,858 SF

      Mixed-Use Warehouse with Apartment

      8,858 SF warehouse with office and apartment for sale.
      630 Commercial St, 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
    • $1,795,000
      23,828 SF

      Warehouse with Adjacent Parcel

      23,828 SF warehouse on 1.5 acres near W 6th.
      1865 W 6Th Ave, Eugene, OR 97402
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      6,000 SF

      Industrial Space Available For Lease

      6,000 square foot industrial space for lease.
      30003 Federal Ln, Eugene, OR 97402
      View Details
    • $6 SF/Yr
      15,910 SF

      Industrial Space Available for Lease

      15,910 SF industrial space available for lease.
      2050 Cross St, Eugene, OR 97402
      View Details
    • $9 SF/Yr
      26,650 SF

      Industrial Space Available for Rent

      Industrial property with 26,650 square feet available for lease.
      2120 W 7Th Pl, Eugene, OR 97402
      View Details
    • $14 SF/Yr
      2,517 SF

      Industrial Space Available for Rent

      2517 square feet industrial space for rent in Eugene.
      2129 Roosevelt Blvd, Eugene, OR 97402
      View Details
    • $10 SF/Yr
      1,680 SF

      Industrial Space Available for Lease

      1,680 SF industrial space for lease in Eugene, Oregon.
      1390 S Bertelsen Rd, Eugene, OR 97402
      View Details
    • $9 SF/Yr
      7,452 SF

      West Eugene Industrial Property

      Industrial property in West Eugene with E-2 zoning.
      1270 Interior St, Eugene, OR 97402
      View Details

    Property Visit Statistics

    • Visits by month
      991
    • Visitors by month
      647
    • Avg Time on site
      18 min
    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.
    1700 2nd Ave
    Eugene, OR 97402-4178
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.