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Mixed-Use Building with Office Suite

1480 Rogue River Highway Grants Pass, OR 97527

1480 Rogue River Highway, Grants Pass, OR, 97527
$425,000
For Sale
Claim this Listing
$425,000

COMMERCIAL - Grants Pass, OR

Property Size3,679 SF
Lot Size0.48 Acres
Price / SF$115.52
AddedJan 30
Days on Market166
Last RefreshJul 15 at 5:06 am

Property Features for 1480 Rogue River Highway

General Information

Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Window features
Vinyl Frames
Patio and Porch features
Patio, Porch
Interior features
Granite Counters
Standard status
Active
APN
R314620
Size
3,679 SF
Lot size
0.48 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
2261

Utilities

Sewer type
Public Sewer
Heating system
Ductless (Heating), Wall Furnace, Forced Air, Electric (Heating)
Cooling system
Heat Pump, Window Unit(s), Wall/Window Unit(s)
Water source
Public

Building Details

Year built
1963
Floors in Building
1
Number of units
3
Flooring type
Laminate, Tile
Building materials
Frame
Roof type
Composition, Membrane

Listing agent Mary R Parsagian License #201206346

Listing office RE/MAX Integrity Grants Pass 1830 NE 7th Street, Medford, OR

Listing date Jan 30, 2026

MLS# 220214522

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.


Investment Insights

Based on property information with market context.

This mixed-use property includes three total units: two residential apartments and a remodeled commercial office suite. The residential component consists of one 2-bedroom/1-bath apartment and one 1-bedroom/1-bath apartment. The commercial space is described as spacious and remodeled, and it includes a small kitchenette and a private bathroom. Laundry facilities are located at the rear of the building for tenant convenience. The property is served by an on-site parking lot with approximately 12 spaces.

Located at 1480 Rogue River Highway in Grants Pass, the building is positioned for highway-facing exposure, with Rogue River Highway frontage noted in the listing remarks. The combination of residential and commercial spaces creates an owner-managed format that can support multiple day-to-day needs on-site.

For tenants and buyers seeking a built-in mix of uses, the layout offers flexibility to support different income streams within one property. According to the listing, the commercial space and one apartment are currently rented, while the remaining unit represents the opportunity to tailor future occupancy to an operator’s needs. The parking arrangement supports both office and residential tenants, and the on-site laundry location helps keep routine services within the property boundary.

Key Highlights

  • Mixed‑use property with commercial and residential units provides diverse income streams.
  • Strong Rogue River Highway frontage offers excellent visibility.
  • Remodeled commercial office suite includes a kitchenette and private bathroom.

Local Financial Insights For Mixed Use

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 $57.4k $15.60
− Vacancy −$4.6k −$1.25
EGI $52.8k $14.35
− OpEx −$19.8k −$5.38
NOI $33.0k $8.97
3,679 SF · lease $15.60/SF/yr · vacancy 8.00% · expense 37.50%

Alternative Uses

Best Use
Office B
$599.3K
$524.4K – $699.2K (±1% cap)
NOI $41,952 @ 7.0% cap · market cap 9.87%
Second Best
Mixed Use
$471.4K
$412.5K – $550.0K (±1% cap)
NOI $33,001 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$834.2K
$729.9K – $973.2K (±1% cap)
NOI $58,392 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Evans Real Estate Real Estate Agency Rick Evans Interiors,LLC Construction Company

Suggested Use

Law Firm Real Estate Agency Dental Office Hair Salon HVAC Service Parking Lot & Garage Barber Shop (Bike/Boat/Book/etc) Store Accounting Firm (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Mixed-use property - Three-unit mixed-use building with a remodeled office suite plus two apartments and on-site parking.
Where is this mixed-use property located?
The property is located at 1480 Rogue River Highway Grants Pass, OR.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Mixed‑use property with commercial and residential units provides diverse income streams.; Strong Rogue River Highway frontage offers excellent visibility.; Remodeled commercial office suite includes a kitchenette and private bathroom.
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