Grants Pass Office/Retail
206 NE 7th Street, Grants Pass, OR 97526
COMMERCIAL - Grants Pass, OR
Property size:
4,656 SFLot size:
0.22 AcresPrice / SF:
$158/SF- Added:
- Feb 17, 2025
- Days on Market:
- 468
- Last Refresh:
- May 31 at 4:06 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
- Tile, Carpet, Laminate
- Building materials
- Block, Brick, Concrete
- Roof type
- Built-Up
Listing agent Melissa Hayes License #201251085,OREGON (541) 450-4442
Listing office Keller Williams Realty Southern Oregon 701 E Jackson, Medford, OR (541) 608-0447
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.
HighLights
- Prime location in Grants Pass Central Business District with excellent signage and visibility on 7th Street.
- Versatile, well‑maintained single‑level building suitable for office or retail uses.
- 16 on‑site parking spaces.
- Easy access to I‑5 and U.S. Route 199.
- Mix of cubicles, private offices, and multiple conference rooms.
- Large windows providing plenty of natural light.
Overview
This professional office/retail building is located in the Grants Pass Central Business District. The well-maintained single-level building features multiple conference rooms, a mix of cubicles and private offices, and large windows providing natural light. The flexible spaces are suitable for a variety of professional or retail uses. The property includes 16 on-site parking spaces. Situated within blocks of Historic Downtown Grants Pass shops and services, this location offers signage and visibility along 7th Street and easy access to major thoroughfares, including I-5 and U.S. Route 199. The property is 4,656 square feet and sits on a 0.22-acre lot. It is a suitable location for a retail shop, satellite office, or new headquarters.
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
NOI $53,092 @ 7.0% cap · market cap 7.18%
Second Best
Retail
$577.7K
$505.5K – $674.0K
NOI $40,440 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$1.06M
$923.7K – $1.23M
NOI $73,899 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Thomason Hospitality Group
Corporate Office
Southern Oregon Elmers ...
Corporate Office
Thomason Fidelity Group
Corporate Office
Location Insight
- Map
- Local Demand
- City
- Grants Pass
- County
- Josephine
- State
- Oregon
- Longitude
- -123.325281
- Latitude
- 42.439911
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Versatile commercial building in Grants Pass Central Business District.
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: Prime location in Grants Pass Central Business District with excellent signage and visibility on 7th Street.; Versatile, well‑maintained single‑level building suitable for office or retail uses.; 16 on‑site parking spaces.
