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    216 S 1St Ave Chiloquin, OR 97624

    Sponsored
    For Lease
    $600 /Mo ($0.79 SF/Yr)

    COMMERCIAL - Chiloquin, OR

    Property size:
    3,000 SF
    Lot size:
    0.21 Acres
    Days on Market:
    149
    Last Refresh:
    Feb 28 at 5:06 am

    Property Features for 216 S 1St Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    203176
    Parking features
    Parking Lot
    Size
    3,000 SF
    Lot size
    0.21 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Heat Pump, Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate
    Building materials
    Block, Frame
    Roof type
    Membrane

    We can help!

    Listing Contact
    Leah Ghielmetti

    Crater Lake Realty, Inc. (541) 783-2759

    Listing agent Leah Ghielmetti (541) 231-8712

    Listing date Oct 3, 2025

    MLS# 220210168

    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

    Chiloquin Commercial Spaces For Rent

    Two spaces are available for rent in the Chiloquin Mall. One is a stand-alone office building of approximately 3,000 square feet, available for $1,000 per month. The second is a retail space of approximately 1,000 square feet, available for $600 per month. The retail space is located near the Post Office. The property benefits from high visibility and significant foot traffic within a growing community. The retail space features fresh paint, new flooring, and shelving in the back hallway. A paved parking area is located in the front. Tenants are responsible for base rent plus utilities. The retail space is suitable for a boutique, service office, or specialty shop. The lot size is 0.21 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rebecca's Feed Store Pet Store & Service

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Dental Office Hotel & Motel Kitchen & Bath Showroom Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chiloquin
    County
    Klamath
    State
    Oregon
    Longitude
    -121.86433
    Latitude
    42.574683

    Nearby Similar for Lease

    • $600 /Mo
      9,148 SF

      Chiloquin Retail and Office Spaces

      Retail and office spaces available in Chiloquin, Oregon.
      216 S 1St Ave, Chiloquin, OR 97624
      View Details
    • $25,000
      1,260 SF

      Hangar at Chiloquin Airport

      Hangar for rent near outdoor recreation and airport access.
      Chiloquin Airport, Chiloquin, OR 97624
      View Details
    • $25,000

      Hangar at Chiloquin Airport

      Hangar on leased land near outdoor recreation.
      Chiloquin Airport, Chiloquin, OR 97624
      View Details

    FAQs

    What type of property is this?
    Shopping mall - Two commercial spaces available in Chiloquin, Oregon.
    Where is this shopping mall located?
    The property is located at 216 S 1St Ave Chiloquin, OR.
    What is the lease rate?
    The lease rate is $0.79 SF/Yr.
    What are key features of this property?
    This property features: - Two spaces available: 3000 SF office building and 1000 SF retail space.; - High visibility and lots of foot traffic within the Chiloquin Mall.; - Retail space features fresh paint, new flooring, and shelving.
    (541) 231-8712
    Request Owner's contact information
    216 S 1St Ave Chiloquin, OR 97624
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    Chiloquin, OR 97624
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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
    216 S 1St Ave Chiloquin, OR 97624
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    We can help!
    Listing Contact
    Leah Ghielmetti
    Real Estate License ID: 201241965
    (541) 231-8712 (541) 783-2759
    Learn more
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