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    Talent Industrial Facility on 8.58 Acres Title is generated by Realmo AI

    101 E Rapp Road, Talent, OR 97540

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    Claim this Listing
    Pending
    $5,400,000

    COMMERCIAL - Talent, OR

    Property size:
    61,852 SF
    Lot size:
    8.58 Acres
    Added:
    Jul 5, 2022
    Days on Market:
    1429
    Last Refresh:
    Jun 2 at 7:06 am

    Property Features for 101 E Rapp Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Security features
    Security System
    Exterior features
    Dock
    Standard status
    Pending
    APN
    10780838
    Size
    61,852 SF
    Lot size
    8.58 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Annual Amount
    32821

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1970
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Steel Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Thomas J Damon

    Listing agent Thomas J Damon License #931200175

    Listing office Land and Wildlife 3811 Crater Lake Hwy, Ste. B, Medford, OR

    Listing date Jul 5, 2022

    MLS# 220149381

    Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 61,852 SF building on 8.58 acres zoned Light Industrial with 3.58 acres of surplus land for additional development.
    • Equipped with six overhead cranes (two 2‑ton, two 5‑ton, two 3‑ton) and two half‑ton Jib Cranes.
    • Features 6 Dock High Covered Loading Bays and 7 overhead ground level entrance doors.
    • High ceiling height of approximately 24 feet within the warehouse area.
    • Offers versatile power service: 480, 208, and 230.
    • Located adjacent to a railroad with two access points on Rapp Road and Rogue River Pkwy.

    Overview

    This 61,852 square foot industrial building is situated on 8.58 acres in Talent, Oregon. Zoned for Light Industrial use, the property features an approximate 24-foot ceiling height within the warehouse area. The facility includes six dock-high covered loading bays and seven overhead ground-level entrance doors. It is equipped with six overhead cranes, including two 2-ton cranes in the east bay, two 5-ton and one 3-ton crane in the middle bay, and one 3-ton crane in the west bay, along with two half-ton Jib Cranes. The property has 480, 208, and 230 power service. The main building encompasses 57,355 square feet, with an additional 4,497 square foot office mezzanine area. Railroad access is available adjacent to the property. The site offers two access points, one on Rapp Road and the other on Rogue River Parkway. With 3.58 acres of surplus acreage, there is potential for additional development. The property was formally used as a fabricated glass business and presents a range of potential uses.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $586.4k $9.48
    − Vacancy −$22.8k −$0.37
    EGI $563.5k $9.11
    − OpEx −$84.5k −$1.37
    NOI $479.0k $7.74
    61,852 SF · lease $9.48/SF/yr · vacancy 3.89% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $6.84M
    $5.99M – $7.98M (±1% cap)
    NOI $479,016 @ 7.0% cap · market cap 8.87%
    Second Best
    Industrial
    $5.64M
    $4.93M – $6.57M (±1% cap)
    NOI $394,483 @ 7.0% cap · market cap 7.31%
    Theoretical Best
    Office A
    $14.93M
    $13.06M – $17.42M (±1% cap)
    NOI $1,045,051 @ 7.0% cap · market cap 19.35%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Talent
    County
    Jackson
    State
    Oregon
    Longitude
    -122.781362
    Latitude
    42.237887

    FAQs

    What type of property is this?
    Manufacturing property - 61,852 SF industrial building with development potential in Talent, OR.
    Where is this manufacturing property located?
    The property is located at 101 E Rapp Road Talent, OR.
    What is the asking price?
    The asking price for this property is $5,400,000.
    What are key features of this property?
    This property features: Large 61,852 SF building on 8.58 acres zoned Light Industrial with 3.58 acres of surplus land for additional development.; Equipped with six overhead cranes (two 2‑ton, two 5‑ton, two 3‑ton) and two half‑ton Jib Cranes.; Features 6 Dock High Covered Loading Bays and 7 overhead ground level entrance doors.
    (541) 944-2344
    We can help!
    Listing Contact
    Thomas J Damon
    Real Estate License ID: 931200175
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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.

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