Commercial Land with Existing
For Sale
$450,000
163 S Front Street, Central Point, OR 97502
Commercial Sale, Central Point, OR
Property Size1,681 SF
Lot Size0.28 Acres
Price / SF$267.70
Days on Market123
Property Features for 163 S Front Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
GC
Standard status
Active
APN
10141828
Size
1,681 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4177
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Building Details
Year built
1964
Floors in Building
1
Number of units
1
Roof type
Rolled Hot Mop
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
James E North · License #200310092
(541) 734-5280
Added: Apr 29
Changed: Aug 19
Last Checked: Aug 29 at 10:06AM
MLS# 220220321
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 commercial land offering includes an existing 1,681-square-foot structure built in 1964. The property is situated within the TOD Overlay and includes ductless heating and cooling, a rolled hot mop roof, public water, and public sewer. Three-phase power has been added, and the property has been surveyed.
The site is located at 163 S Front Street in Central Point, Oregon, along South Front Street, also identified as North Pacific Highway. The property is across from the Grange Coop store. An existing pylon sign remains in place, and the City has approved vacating a 10-foot strip along Alder Street.
The site is located at 163 S Front Street in Central Point, Oregon, along South Front Street, also identified as North Pacific Highway. The property is across from the Grange Coop store. An existing pylon sign remains in place, and the City has approved vacating a 10-foot strip along Alder Street.
Key Highlights
- 1,681‑square‑foot existing structure built in 1964
- Commercial land within the TOD Overlay
- Three‑phase power has been added
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,256
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$465,120
$465.1K
Cap Rate 7%
$332,229
$332.2K
Cap Rate 9%
$258,400
$258.4K
Market Conditions
NOI Build-Up for 1,681 SF
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.
Gross rent
$36.3K $21.60/SF
− Vacancy
−$3.1K −$1.84/SF
EGI
$33.2K $19.76/SF
− OpEx
−$10.0K −$5.93/SF
NOI
$23.3K $13.83/SF
Area
Jackson County, OR
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$465,120
Cap Rate 7%
$332,229
Cap Rate 9%
$258,400
Alternative Uses
Best Use
Retail
$332.2K
$290.7K – $387.6K
NOI $23,256 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$405.7K
$355.0K – $473.4K
NOI $28,402 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
125k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 42%
Groceries 12%
McDonald's
Dining
31,427 visits/mo
0.5 miles
Dollar Tree
Shops & Services
21,038 visits/mo
0.2 miles
Ray's Food Place
Groceries
15,279 visits/mo
0.1 miles
Dutch Bros. Coffee
Dining
11,962 visits/mo
0.5 miles
7-Eleven
Shops & Services
8,849 visits/mo
0.1 miles
Demographics for 97502, OR
29,558
Population
11,717
Households
2.5
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
82.1 sq mi
ZIP Area
360
Density / Sq Mi
$79,146
Median Household Income
$42,667
Median Earnings
$1,245
Median Rent
$374,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial parcel with an existing structure, public water and sewer, and three-phase power.
Where is this commercial land located?
The property is located at 163 S Front Street Central Point, OR.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,681‑square‑foot existing structure built in 1964; Commercial land within the TOD Overlay; Three‑phase power has been added
