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1660 River Rd 1,596 SF 100% Leased Office Building Eugene, OR 97404 $599,000 ($375.31/SF) 4.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Large lot with development opportunity
- Possible Cottage Cluster, Office, or Residential Development
- Fully leased through 2026 with option
EXECUTIVE SUMMARY
Prime River Road frontage property with existing office building. Former residential construction that has been modified into different suites. Office space now LEASED - Income property with development opportunities. Zoned General Office, but surrounded by residential zoning. Partition possibilities with future GO-development, cottage cluster, or residential zone change possibilities.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
1,596 SF
Building Class
C
Year Built
1950
Price
$599,000
Price Per SF
$375.31
Cap Rate
4.20%
NOI
$25,158
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,596 SF
Building FAR
0.08
Lot Size
0.48 AC
Zoning
GO/UL - General Office / Ubanizable Land
Parking
12 Spaces (7.52 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
1 1
Bike Score®
Very Bikeable (88)
1 of 28
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1660 River Rd
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