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Single-Level Office and Retail Building

206 NE 7th Street Grants Pass, OR 97526

206 NE 7th Street, Grants Pass, OR, 97526
$739,000
For Sale
Claim this Listing
$739,000

COMMERCIAL - Grants Pass, OR

Property Size4,656 SF
Lot Size0.22 Acres
Price / SF$158.72
AddedFeb 17, 2025
Days on Market513
Last RefreshJul 15 at 8:06 am

Property Features for 206 NE 7th Street

General Information

Property type
Commercial Sale
Property subtype
Other
Parking features
Alley, Parking Lot
Security features
Security System
Interior features
Built-in Features, Ceiling Fan(s)
Standard status
Active
APN
R310400
Size
4,656 SF
Lot size
0.22 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
7656

Utilities

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

Building Details

Year built
1956
Floors in Building
1
Number of units
1
Flooring type
Carpet, Tile, Laminate
Building materials
Block, Brick, Concrete
Roof type
Built-Up

Listing agent Melissa Hayes License #201251085,OREGON

Listing office Keller Williams Realty Southern Oregon 701 E Jackson, Medford, OR

Listing date Feb 17, 2025

MLS# 220195953

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.

A well-maintained, single-level professional office/retail building offering a flexible interior layout for a range of business uses. The space includes multiple conference rooms along with a mix of cubicles and private offices, and large windows that bring in natural light throughout. With a total building size of 4,656 square feet on a 0.22-acre lot, the property is configured to support either office operations, retail activity, or a combination of professional services and customer-facing space.

Located in the Central Business District of Grants Pass, the building is positioned with signage and visibility along NE 7th Street. The property also benefits from easy access to major thoroughfares, including I-5 and U.S. Route 199. On-site parking for 16 vehicles is available within blocks of Historic Downtown Grants Pass shops and services.

This offering is suited for tenants seeking a ready-to-occupy headquarters, a satellite office, or a retail shop that can use a traditional office-and-conference-room arrangement. The mix of work areas and meeting space supports both individual productivity and customer or team collaboration, while the combination of visibility, signage, and dedicated parking helps accommodate day-to-day operations for professional and retail users.

Key Highlights

  • Single‑level professional office/retail building in Grants Pass Central Business District
  • Multiple conference rooms plus a mix of cubicles and private offices with large windows for natural light
  • 16 on‑site parking spots within blocks of Historic Downtown Grants Pass shops and services

Local Financial Insights For Office B

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 $78.2k $16.80
− Vacancy −$7.4k −$1.60
EGI $70.8k $15.20
− OpEx −$17.7k −$3.80
NOI $53.1k $11.40
4,656 SF · lease $16.80/SF/yr · vacancy 9.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$758.5K
$663.7K – $884.9K (±1% cap)
NOI $53,092 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$923.7K – $1.23M (±1% cap)
NOI $73,899 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Thomason Hospitality Group Corporate Office Southern Oregon Elmers ... Corporate Office Thomason Fidelity Group Corporate Office

Suggested Use

HVAC Service Locksmith Catering Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher Furniture & Home Goods (Bike/Boat/Book/etc) Store Fish Market

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

FAQs

What type of property is this?
Office building - Versatile, well-maintained single-level space with offices, conference rooms, and large windows, supported by on-site parking.
Where is this office building located?
The property is located at 206 NE 7th Street Grants Pass, OR.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Single‑level professional office/retail building in Grants Pass Central Business District; Multiple conference rooms plus a mix of cubicles and private offices with large windows for natural light; 16 on‑site parking spots within blocks of Historic Downtown Grants Pass shops and services
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