Log In/Sign Up
Your email has been sent.
1740 - 1748 W 18th Ave. 1740 W 18th Ave 9,275 SF 71% Leased Office Building Eugene, OR 97402 $2,373,064 CAD ($255.86 CAD/SF) 6.63% Cap Rate
EXECUTIVE SUMMARY
Situated near the intersection of Chambers Street and W 18th Avenue, this property offers excellent visibility along one of Eugene’s key East–West corridors. Located just minutes from Downtown, the University of Oregon, and South Eugene, the site benefits from strong traffic counts and convenient access to Highway 99 and I-105.
The property consists of three buildings totaling 9,275 square feet. Two of the buildings are fully leased to long term tenants. The third building has a tenant occupying 1,092 square feet with another 2,654 square feet available.
PROPERTY SUMMARY
1740 WEST 18TH AVE
• Approximately 4,554 square feet, built in 1980
• Two Trane HVAC Units service the building
• PVC membrane roof
• Leased by Rainbow Optics through June of 2028
1744 WEST 18TH AVE
• Approximately 975 square feet, built in 1995
• One Goodman Air Handler & Heat Pump services the building
• Shingle 3-tab roof
• Leased by Rob Olive Jr., State Farm Insurance through December of 2028
1748 WEST 18th AVE
• Approximately 3,746 square feet, built in 1980
• PVC membrane roof
1748 SUITES A&B
• 2,654 square feet
• Two Trane HVAC Units service Suites A & B
• Available for new tenant
1748 SUITE C
• 1,092 square feet
• A Lennox Package Unit services Suite C
• Suite C is leased to Shirk Chiropractic
IMPROVEMENTS COMPLETED SINCE 2021
• Updated exterior lighting to LED
• Repaired or replaced gutters and downspouts on all three buildings
• Landscaping throughout the property including new planter beds, plants, drip lines, borders, drainage and round rock
• Replacement of all concrete curbing in main parking lot
• Full seal coat and re-stripe of the parking lot
• New illuminated sign at 18th Street entrance
• Cleaned and re-stained exterior of 1744 W 18th building in 2022
• Repainted exterior of 1748 W 18th building in 2024
• Repainted exterior of 1740 W 18th building in 2025
The property consists of three buildings totaling 9,275 square feet. Two of the buildings are fully leased to long term tenants. The third building has a tenant occupying 1,092 square feet with another 2,654 square feet available.
PROPERTY SUMMARY
1740 WEST 18TH AVE
• Approximately 4,554 square feet, built in 1980
• Two Trane HVAC Units service the building
• PVC membrane roof
• Leased by Rainbow Optics through June of 2028
1744 WEST 18TH AVE
• Approximately 975 square feet, built in 1995
• One Goodman Air Handler & Heat Pump services the building
• Shingle 3-tab roof
• Leased by Rob Olive Jr., State Farm Insurance through December of 2028
1748 WEST 18th AVE
• Approximately 3,746 square feet, built in 1980
• PVC membrane roof
1748 SUITES A&B
• 2,654 square feet
• Two Trane HVAC Units service Suites A & B
• Available for new tenant
1748 SUITE C
• 1,092 square feet
• A Lennox Package Unit services Suite C
• Suite C is leased to Shirk Chiropractic
IMPROVEMENTS COMPLETED SINCE 2021
• Updated exterior lighting to LED
• Repaired or replaced gutters and downspouts on all three buildings
• Landscaping throughout the property including new planter beds, plants, drip lines, borders, drainage and round rock
• Replacement of all concrete curbing in main parking lot
• Full seal coat and re-stripe of the parking lot
• New illuminated sign at 18th Street entrance
• Cleaned and re-stained exterior of 1744 W 18th building in 2022
• Repainted exterior of 1748 W 18th building in 2024
• Repainted exterior of 1740 W 18th building in 2025
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
9,275 SF
Building Class
C
Year Built
1980
Price
$2,373,064 CAD
Price Per SF
$255.86 CAD
Cap Rate
6.63%
NOI
$157,440 CAD
Percent Leased
71%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,275 SF
Building FAR
0.30
Lot Size
0.70 AC
Zoning
C-1 - Neighborhood Commercial
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Rainbow Optics
- Health Care and Social Assistance
-
99,999 SF
- -
- -
- Shirk Chiropractic
- Health Care and Social Assistance
-
99,999 SF
- -
- -
- State Farm Insurance
- Finance and Insurance
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Rainbow Optics | Health Care and Social Assistance | 99,999 SF | - | - | ||
| Shirk Chiropractic | Health Care and Social Assistance | 99,999 SF | - | - | ||
| State Farm Insurance | Finance and Insurance | 99,999 SF | - | - |
1 1
Walk Score®
Very Walkable (77)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 0696169 | Total Assessment | $1,663,246 CAD |
| Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
0696169
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,663,246 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1740 - 1748 W 18th Ave. | 1740 W 18th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.