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    1388 Antelope Rd White City, OR 97503

    Sponsored
    For Sale
    Pending
    $2,250,000

    COMMERCIAL - White City, OR

    Property size:
    13,144 SF
    Lot size:
    2.00 Acres
    Days on Market:
    83
    Last Refresh:
    Feb 28 at 12:06 am

    Property Features for 1388 Antelope Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Window features
    Double Pane Windows, Aluminum Frames
    APN
    10670840
    Parking features
    Parking Lot
    Interior features
    Built-in Features, Laminate Counters, Smart Lighting, Wired for Data, Wired for Sound
    Size
    13,144 SF
    Lot size
    2.00 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Solar (Heating), Heat Pump (Heating), Ductless (Heating)
    Cooling system
    Zoned, Ductless, Heat Pump
    Water source
    Public

    Building Details

    Year built
    2018
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Concrete, Vinyl
    Building materials
    Steel Frame, Block
    Roof type
    Membrane

    We can help!

    Listing Contact
    Melissa Hayes

    Keller Williams Realty Southern Oregon (541) 608-0447

    Listing agent Melissa Hayes (541) 450-4442

    Listing date Dec 8, 2025

    MLS# 220209570

    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.

    Learn more

    Property Insight Report

    Overview

    Specialized Research Campus in White City

    This 2-acre property, zoned LI, features two structures totaling approximately 13,144 square feet, purpose-built for specialized research and operational flexibility with room to grow. It is located in White City, Oregon's industrial corridor, offering visibility and quick access to Highway 62, I-5, and the airport, with approximately 12,650 daily traffic. The site is located within an Opportunity Zone, offering potential tax incentives. The asphalt parking area provides 18 stalls, and the yard is fenced and gated. Building A, approximately 6,144 square feet and built in 1982 with remodeling in 2008, features 4 HEPA cleanrooms, multiple semi and private offices, a conference room, reception area, kitchenette, Cat 5E wiring, 3-phase 480V power, wet sprinklers, and a new roof installed in 2022. Building B, approximately 7,000 square feet and built in 2018, includes mezzanine offices, a conference room, an open work area, fob access, LED lighting, 2 roll-up doors, piped air, freezer storage, and a rooftop solar array. The property is ideal for owner-users or investors seeking space for medical device research and development, biotech, pharmaceutical, or clean manufacturing. Expansion potential exists via Ave A on the south side. The property is also available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    White City
    County
    Jackson
    State
    Oregon
    Longitude
    -122.865889
    Latitude
    42.426768

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    FAQs

    What type of property is this?
    Specialty property - Two-building campus ideal for research, biotech, or clean manufacturing.
    Where is this specialty property located?
    The property is located at 1388 Antelope Rd White City, OR.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Two buildings totaling +/-13,144 SF on 2 acres zoned LI, ideal for owner-users or investors in medical device R&D, biotech, pharma, or clean manufacturing.; - Located in an Opportunity Zone with potential tax incentives.; - Building A features **4 HEPA cleanrooms**, multiple offices, and a new roof (2022).
    (541) 608-0447
    Request Owner's contact information
    1388 Antelope Rd White City, OR 97503
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    White City, OR 97503
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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
    1388 Antelope Rd White City, OR 97503
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    We can help!
    Listing Contact
    Melissa Hayes
    Real Estate License ID: 201251085
    (541) 608-0447 (541) 450-4442 (206) 914-4470
    Learn more
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