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    Property profile & analytics

    5250 Highbanks Rd Springfield, OR 97478

    • Industrial properties
    • 7.79 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1738119
    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

    • MacDonald-Miller Facility Solutions / Hvac Contractor / Mechanical Contractor
    • Hardy Lifts / Material Handling Equipment Supplier / Service Establishment
    • Forever Strong Performance Fitness / Weightlifting Area / Gym
    • Insul 8 / Insulation Contractor
    • Dash Delivery / Courier Service / Delivery Service

    Property Details for 5250 Highbanks Rd

    Lot size
    7.79 lot acres
    Zone code
    LMI-LIGHT MEDIUM INDUST
    Property type
    Industrial properties
    APN
    17-02-28-00-00400-000
    APU
    1702280000400000

    Description

    This exceptional Class A commercial property, situated in the desirable Highbanks Business Park, offers two distinct spaces ideal for a variety of businesses. The property boasts concrete-tilt construction, ensuring durability and modern aesthetics. Excellent freeway access is a key advantage, with direct connections to both I-105 and I-5, providing seamless transportation throughout the region. Suite 210 encompasses 2,530 square feet and is divisible, featuring a blend of finished office space and open warehouse/storage area, perfect for businesses needing a combination of office and operational space. Suite 310 offers a larger footprint of 3,264 square feet of warehouse space, complemented by a substantial 1,734 square feet of second-story office space. This provides ample room for operations and administrative functions. The building features covered shared docks, enhancing efficiency and convenience for loading and unloading. The property is available for multiple tenants, offering flexibility for businesses of various sizes and needs. This prime location and versatile space make this an exceptional opportunity for businesses seeking a high-quality, well-connected commercial property. Total available space ranges from 1,300 to 4,998 square feet.

    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
    Springfield
    County
    Lane
    State
    Oregon
    Longitude
    -122.939
    Latitude
    44.0584
    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
    $123,730
    $0.00
    $0.00
    $6,658,692
    -
    $2,506,888
    $9,270,671
    $11,777,559

    Comparable in this City

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      1.12 Acres

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      INDUSTRIAL (GENERAL) • 1.12 Acres
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      4223 Main St Sta, Unit A

      INDUSTRIAL (GENERAL)
      4223 Main St Sta, Springfield, OR 97478-5954
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    Similar Nearby for Sale

    • $7,000,000
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      Three buildings, 63,340 SF, vacant.
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      Industrial Building with I-105 Visibility

      31,500 SF industrial building on 1.87 acre lot.
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      2+ acre lot in gated community near McKenzie River.
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      25 Acres Residential Land Opportunity

      25 acres of R-1 zoned land in Springfield, Oregon.
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      68.00 Acres

      Springfield Industrial Land - 68 Acres

      Prime Oregon industrial land, ready to develop.
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    Similar Nearby for Lease

    • $10 SF/Yr
      7,998 SF

      Highbanks Business Park Flex Space

      Class A flex space, I-105 & I-5 access.
      5250 Highbanks Rd, Springfield, OR 97478
      View Details
    • $0.50 SF/Yr
      11,546 SF

      Springfield Flex Space For Rent

      Flex space and industrial property available for lease in Springfield.
      3400 Main St, Springfield, OR 97478
      View Details
    • $10 SF/Yr
      3,300 SF

      Springfield Warehouse Space Available

      3,300 SF warehouse space for lease in Springfield, Oregon.
      630 30Th St, Springfield, OR 97478
      View Details
    • $0.90 SF/Yr
      17,000 SF

      Industrial Space Available For Lease

      17,000 SF industrial space available for lease.
      1319 36Th St, Springfield, OR 97478
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    • Contact for pricing

      Springfield Shopping Center Retail Space

      Retail spaces available in a busy Springfield shopping center.
      4223 Main St, Springfield, OR 97478
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    • $19 SF/Yr
      3,200 SF

      Springfield Retail Space Available

      Retail property available for lease in Springfield, Oregon.
      5414-5415 Main St, Springfield, OR 97478
      View Details
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    5250 Highbanks Rd
    Springfield, OR 97478
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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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