Two-Level Office Building with Exterior
For Sale
$597,000
233 NE B Street, Grants Pass, OR 97526
COMMERCIAL - Grants Pass, OR
Property Size4,800 SF
Lot Size0.23 Acres
Price / SF$124.38
Days on Market236
Property Features for 233 NE B Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
R-4
Parking features
Parking Lot, Alley
Window features
Vinyl Frames
Interior features
Granite Counters, Laminate Counters
Subdivision
Grants Pass Original Townsite
Lot features
Corner Lot, Level, Sprinklers In Front, Sprinklers In Rear
Directions
NE B St, between NE 7th and 8th Streets.
Standard status
Active
APN
R310290
Size
4,800 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4908
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
private lobby
offices
restroom
storage
lunchroom
Building Details
Year built
1976
Floors in Building
2
Number of units
2
Flooring type
Carpet, Tile
Building materials
Brick
Roof type
Composition
Listing Agency:
John L Scott Real Estate Grants Pass · John L. Scott
(541) 476-1299
Listed By:
Anne Anderson · License #200802201
(541) 659-2662
Added: Dec 11, 2025
Changed: Aug 1
Last Checked: Aug 4 at 12:06AM
MLS# 220212840
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 two-level office building offers a flexible layout designed for multiple professional uses. The property includes a common vestibule that provides separate access to the upper and lower levels, complemented by an exterior staircase. On the ground floor, there is a private lobby along with private and shared offices, a restroom, and storage. The upper level adds additional office suites, restroom facilities, a lunchroom, and generous storage. Interior finishes include granite counters and laminate counters, with carpet and tile flooring. The building is heated and cooled with heat pumps, built with brick construction, and topped with a composition roof. Public water and public sewer services are available.
Set on a 0.23-acre corner lot, the 4,800-square-foot office building includes parking in a parking lot with alley access, with 13 parking spaces plus additional parking nearby. The property is located at 233 NE B Street in Grants Pass, Oregon, in Josephine County.
Built in 1976, the property features practical office amenities across both levels, including restrooms, storage, and a lunchroom to support day-to-day operations.
Set on a 0.23-acre corner lot, the 4,800-square-foot office building includes parking in a parking lot with alley access, with 13 parking spaces plus additional parking nearby. The property is located at 233 NE B Street in Grants Pass, Oregon, in Josephine County.
Built in 1976, the property features practical office amenities across both levels, including restrooms, storage, and a lunchroom to support day-to-day operations.
Key Highlights
- 4,800 SF two‑level office building on a 0.23‑acre corner lot
- Common vestibule provides separate access to upper and lower levels plus exterior staircase
- Ground floor private lobby with private and shared offices, restroom, and storage
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 | $80.6k | $16.80 |
| − Vacancy | −$7.7k | −$1.60 |
| EGI | $73.0k | $15.20 |
| − OpEx | −$18.2k | −$3.80 |
| NOI | $54.7k | $11.40 |
4,800 SF · lease $16.80/SF/yr · vacancy 9.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$781.9K
$684.2K – $912.2K
NOI $54,734 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$952.3K – $1.27M
NOI $76,184 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,228
Businesses Nearby
Explore this area
Business Placement
Demographics for 97526, OR
36,561
Population
15,987
Households
2.3
Avg Household Size
47
Median Age
20%
College-Educated
91%
High-School Grad
140.7 sq mi
ZIP Area
260
Density / Sq Mi
$57,103
Median Household Income
$35,685
Median Earnings
$1,076
Median Rent
$379,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Brick two-level office building with common vestibule access and heat pump HVAC, plus 13 parking spaces.
Where is this office building located?
The property is located at 233 NE B Street Grants Pass, OR.
What is the asking price?
The asking price for this property is $597,000.
What are key features of this property?
This property features: 4,800 SF two‑level office building on a 0.23‑acre corner lot; Common vestibule provides separate access to upper and lower levels plus exterior staircase; Ground floor private lobby with private and shared offices, restroom, and storage
