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

    1381 SW Spruce St Grants Pass, OR 97526

    Sponsored
    For Sale
    $115,000

    Residential Lots - Grants Pass, OR

    Lot size:
    0.17 Acres
    Days on Market:
    8
    Last Refresh:
    Jan 30 at 2:06 pm

    Property Features for 1381 SW Spruce St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-1-6; Res Mod Density
    APN
    R343513
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Expense value
    400
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Quarterly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Benjamin Ditzler

    eXp Realty, LLC (541) 292-4444

    Listing agent Benjamin Ditzler (541) 292-4444 License #201213268

    Listing date Jan 23, 2026

    MLS# 220214187 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Riverfront Lot in Exclusive Community

    This residential lot is located in the Riverview Estates, a private community overlooking the Rogue River. Ownership provides access to scenic outdoor greenspace, a paved walking path along the river, and adjacent Reinhart Park. The property also offers direct access to the footbridge for convenient access to downtown Grants Pass. The lot size is 0.17 acres. The zoning is R-1-6; Res Mod Density. Please contact your real estate professional to schedule an appointment. Do not visit property without appointment. Property owner resides nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grants Pass
    County
    Josephine
    State
    Oregon
    Longitude
    -123.347128
    Latitude
    42.428408

    Nearby Similar for Sale

    • $1,195,000
      0.63 Acres

      Riverside Multi-Home Property

      Two homes on a large lot along the Rogue River.
      619 SE M St, Grants Pass, OR 97526
      View Details
    • $1,499,000
      3,647 SF

      Applegate Valley Estate with Vineyard

      Luxury estate with vineyard, custom home, and agricultural potential.
      5719 Jerome Prairie Rd, Grants Pass, OR 97527
      View Details
    • New
      $747,000
      0.26 Acres

      Grants Pass Commercial Building For Sale

      Versatile commercial building in Grants Pass, ideal for various businesses.
      856 NE 7Th St, Grants Pass, OR 97526
      View Details
    • $730,000
      0.23 Acres

      Historic Grants Pass Hospitality Property

      Historic property in downtown Grants Pass, ideal for various business ventures.
      139 SW I St, Grants Pass, OR 97526
      View Details
    • $2,985,000
      13,052 SF

      Turnkey Vineyard, Winery, and Creamery

      Established vineyard, winery, creamery, and vacation rentals in Applegate Valley.
      818 Slagle Creek Rd, Grants Pass, OR 97527
      View Details
    • $335,000
      Pending

      Income Producing Duplex on Large Lot

      Duplex in Grants Pass, OR with expansion potential.
      1848 Cloverlawn Dr, Grants Pass, OR 97527
      View Details
    • $1,980,000
      0.12 Acres

      Historic Rogue Theatre in Grants Pass

      Landmark theater ready for its next owner in vibrant district.
      143 SE H St, Grants Pass, OR 97526
      View Details
    • New
      $930,000
      0.39 Acres

      Income-Producing Quadplex with Development Potential

      Fully rented quadplex on three lots with development potential.
      3095 Canal Ave, Grants Pass, OR 97527
      View Details
    • $550,000
      0.48 Acres

      Grants Pass Office/Medical/Daycare Opportunity

      Versatile property suitable for office, medical, or daycare use.
      858 NE A St, Grants Pass, OR 97526
      View Details
    • $1,750,000
      8,001 SF

      Licensed Residential Care Facility For Sale

      Licensed 15-bed residential care facility on 7.95 acres.
      625 Barbara Dr, Grants Pass, OR 97526
      View Details
    • $597,000
      0.23 Acres

      Grants Pass Office Investment Opportunity

      Well-maintained office building in Grants Pass business district for sale.
      233 NE B St, Grants Pass, OR 97526
      View Details
    • $1,500,000
      0.29 Acres

      Grants Pass Restaurant/Retail Opportunity

      Prime location in Grants Pass Historic District with customizable space.
      234 SW 5Th St, Grants Pass, OR 97526
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in private community with river and downtown access.
    Where is this residential land & home lot located?
    The property is located at 1381 SW Spruce St Grants Pass, OR.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: - Prime riverfront lot in exclusive Riverview Estates.; - Enjoy direct access to the Rogue River and paved walking path.; - Access scenic outdoor greenspace and adjacent Reinhart Park.
    (541) 292-4444
    Request Owner's contact information
    1381 SW Spruce St Grants Pass, OR 97526
    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.
    1381 SW Spruce St
    Grants Pass, OR 97526
    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
    1381 SW Spruce St Grants Pass, OR 97526
    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

    We can help!
    Listing Contact
    Benjamin Ditzler
    Real Estate License ID: 201213268
    (541) 292-4444
    Learn more
    Google sign-in failed. Please try again or use another login method.