Corner Storefront
For Sale
$575,000
217 E Pine Street, Central Point, OR 97502
Commercial Sale, Central Point, OR
Property Size3,248 SF
Lot Size0.18 Acres
Price / SF$177.03
Days on Market291
Property Features for 217 E Pine Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
EC
Parking features
Parking Lot, Alley, On Street
Security features
Security System
Patio and Porch features
Porch, Patio
Interior features
Built-in Features
View
City
Directions
From I-5 Exit 33, head east on Pine St toward downtown Central Point. Property is on the north side between N 2nd & 3rd Sts, just east of the post office. Look for Crackin and Stackin.
Standard status
Active
APN
10141341
Size
3,248 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4763
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating), Hot Water(Heating)
Cooling system
Ductless, Central Air
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Flooring type
Concrete, Laminate, Carpet
Building materials
Block, Concrete
Roof type
Composition
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
Jordan Kramer · License #200112030
(541) 840-2992
Added: Nov 21, 2025
Changed: Sep 8
Last Checked: Sep 8 at 2:06PM
MLS# 220212254
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 3,248-square-foot commercial building occupies a corner parcel in downtown Central Point. Constructed in 1954 and updated over time, the property includes built-in features, a combination of carpet, laminate, and concrete flooring, ductless and central air conditioning, and ductless and hot water heating. A porch and patio provide additional usable areas.
The property is located at 217 E Pine Street and includes 0.18 acres. Parking is available through an on-site lot, street spaces, and alley access. Public water and public sewer serve the building, which has a composition roof and EC employment commercial zoning. The rear portion is currently leased to the Crackin and Stackin restaurant, providing an existing commercial occupancy component.
The property is located at 217 E Pine Street and includes 0.18 acres. Parking is available through an on-site lot, street spaces, and alley access. Public water and public sewer serve the building, which has a composition roof and EC employment commercial zoning. The rear portion is currently leased to the Crackin and Stackin restaurant, providing an existing commercial occupancy component.
Key Highlights
- 3,248‑square‑foot commercial building on 0.18 acres
- EC employment commercial zoning
- Built in 1954 and updated over time
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
$47,995
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
8.35%
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%
$959,900
$959.9K
Cap Rate 7%
$685,643
$685.6K
Cap Rate 9%
$533,278
$533.3K
Market Conditions
NOI Build-Up for 3,248 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
$71.3K $21.96/SF
− Vacancy
−$7.3K −$2.26/SF
EGI
$64.0K $19.70/SF
− OpEx
−$16.0K −$4.93/SF
NOI
$48.0K $14.78/SF
Area
Jackson County, OR
Vacancy
10.28%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$959,900
Cap Rate 7%
$685,643
Cap Rate 9%
$533,278
Alternative Uses
Best Use
Specialty Retail
$685.6K
$599.9K – $799.9K
NOI $47,995 @ 7.0% cap · market cap 8.35%
Second Best
Retail
$641.9K
$561.7K – $748.9K
NOI $44,935 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$784.0K
$686.0K – $914.6K
NOI $54,878 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
155k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 33%
Groceries 10%
Electronics 1%
McDonald's
Dining
31,427 visits/mo
0.3 miles
Chevron
Shops & Services
22,006 visits/mo
0.4 miles
Dollar Tree
Shops & Services
21,038 visits/mo
0.4 miles
Ray's Food Place
Groceries
15,279 visits/mo
0.1 miles
7-Eleven
Shops & Services
8,849 visits/mo
0.3 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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Similar Off Market Nearby
- Albertsons Floral — 1360 Plaza Blvd, Central Point, OR 97502
Frequently Asked Questions
What type of property is this?
Storefront property - Downtown commercial building with EC employment commercial zoning, on-site parking, and a restaurant leasing the rear space.
Where is this storefront property located?
The property is located at 217 E Pine Street Central Point, OR.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 3,248‑square‑foot commercial building on 0.18 acres; EC employment commercial zoning; Built in 1954 and updated over time
