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    2350 Maywood Dr Klamath Falls, OR 97603

    Sponsored
    For Sale
    $4,410,000

    F - Klamath Falls, OR

    Lot size:
    19.90 Acres
    Days on Market:
    99
    Last Refresh:
    Feb 12 at 12:06 pm

    Property Features for 2350 Maywood Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    IH
    APN
    531231
    Parking
    75
    Parking features
    Gated, Parking Lot
    Exterior features
    Courtyard, Dock
    Dock
    1
    Lot size
    19.90 Acres

    Utilities

    Heating system
    Geothermal (Heating)
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete, Laminate, Vinyl
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Allison K York
    Allison K York

    Windermere Real Estate Kf (541) 885-4400

    Listing agent Allison K York (541) 885-4400 License #200409050

    Listing date Nov 6, 2025

    MLS# 220209583 Listing URL

    Copyright © 2026 Klamath County Association of Realtors MLS. 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

    Klamath Falls Heavy Industrial Opportunity

    This 19-acre heavy industrial property is located in Klamath Falls, Oregon, just off Washburn Way. The site is fully fenced and includes a 108,500 sq.ft. facility. A 6,000 sq.ft. office addition, constructed in 2020, features a lobby, conference room, ADA restrooms, a private office, and a large meeting space. The steel-framed warehouse and wood shop, encompassing approximately 102,500 sq.ft., is equipped with natural gas heat, A/C, fire sprinklers, and metal roof and siding. It also features a negative air system for dust removal, pit docks, a ramp, and a former rail spur and pit area. Additional amenities include a geothermal well, 14' overhead doors, a break room with a kitchen, a daycare area, paved parking, and an elevated loading dock that extends the length of the building. The property also includes wood shop space and newer LED lighting throughout. Currently used for wood pallet manufacturing, this versatile industrial property is located in the Oregon Enterprise Zone, potentially offering tax incentives for new businesses. The property is priced below county assessed value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Reach Inc Charitable Organization

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Klamath Falls
    County
    Klamath
    State
    Oregon
    Longitude
    -121.760836
    Latitude
    42.208129

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    FAQs

    What type of property is this?
    Manufacturing property - 19-acre industrial site with 108,500 sq.ft. facility.
    Where is this manufacturing property located?
    The property is located at 2350 Maywood Dr Klamath Falls, OR.
    What is the asking price?
    The asking price for this property is $4,410,000.
    What are key features of this property?
    This property features: - 108,500 sq.ft. facility on 19 acres, suitable for heavy industrial use.; - Located in Oregon Enterprise Zone, offering potential tax incentives.; - Features a 6,000 sq.ft. office addition built in 2020 with modern amenities.
    (541) 331-0060
    Request Owner's contact information
    2350 Maywood Dr Klamath Falls, OR 97603
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    Klamath Falls, OR 97603
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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
    2350 Maywood Dr Klamath Falls, OR 97603
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    We can help!
    Listing Contact
    Allison K York
    Allison K York
    Real Estate License ID: 200409050
    (541) 331-0060
    Learn more
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