Improved Two-Unit Mixed-Use
For Sale
$650,000
239 SE G Street, Grants Pass, OR 97526
Commercial Sale, Grants Pass, OR
Property Size5,000 SF
Lot Size0.11 Acres
Price / SF$130
Days on Market56
Property Features for 239 SE G Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Bus Dis
Parking features
Driveway, On Street, Parking Lot
Interior features
Built-in Features, Laminate Counters, Smart Thermostat
Lot features
Level
Standard status
Active
APN
R310626
Size
5,000 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1195
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating), Natural Gas, Zoned
Cooling system
Ductless, Central Air, Zoned
Water source
Public
Amenities
private offices
restrooms
large gathering or event areas
prep kitchen
Building Details
Year built
1961
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Carpet, Tile
Building materials
Block
Roof type
Membrane
Listing Agency:
Keller Williams Realty Southern Oregon
(541) 608-0447
Listed By:
Melissa Hayes · License #201251085
(541) 450-4442
Added: Jul 6
Changed: Aug 30
Last Checked: Aug 30 at 1:06AM
MLS# 220224837
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 5,000-square-foot mixed-use property contains two units, including 3,500 square feet of vacant space and 1,500 square feet leased to Taste & See Coffee & Boba through a sale-leaseback arrangement. The available area includes three private offices, three restrooms, two large gathering or event rooms, and a prep kitchen. Tile, vinyl, and carpet flooring are complemented by updated kitchens, restrooms, HVAC, plumbing, and electrical systems.
The property occupies 0.11 acres at 239 SE G Street in Grants Pass, within the CBD near downtown, parking, and 6th Street. Public water and sewer serve the site, with parking available through an on-site lot, driveway, and on-street spaces. Built in 1961, the building has a 2021 membrane roof and received exterior improvements in 2023.
The property occupies 0.11 acres at 239 SE G Street in Grants Pass, within the CBD near downtown, parking, and 6th Street. Public water and sewer serve the site, with parking available through an on-site lot, driveway, and on-street spaces. Built in 1961, the building has a 2021 membrane roof and received exterior improvements in 2023.
Key Highlights
- 5,000‑square‑foot two‑unit mixed‑use property with 3,500 square feet vacant and 1,500 square feet leased
- 1,500‑square‑foot sale‑leaseback occupancy by Taste & See Coffee & Boba
- Vacant unit includes 3 private offices, 3 restrooms, 2 gathering or event areas, and a prep kitchen
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
$56,984
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
8.77%
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%
$1,139,680
$1.1M
Cap Rate 7%
$814,057
$814.1K
Cap Rate 9%
$633,156
$633.2K
Market Conditions
NOI Build-Up for 5,000 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
$81.0K $16.20/SF
− Vacancy
−$5.0K −$1.00/SF
EGI
$76.0K $15.20/SF
− OpEx
−$19.0K −$3.80/SF
NOI
$57.0K $11.40/SF
Area
Josephine County, OR
Vacancy
6.20%
Lease Rate
$16.20 /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%
$1,139,680
Cap Rate 7%
$814,057
Cap Rate 9%
$633,156
Alternative Uses
Best Use
Specialty Retail
$814.1K
$712.3K – $949.7K
NOI $56,984 @ 7.0% cap · market cap 8.77%
Second Best
Mixed Use
$640.7K
$560.6K – $747.5K
NOI $44,850 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$1.13M
$992.0K – $1.32M
NOI $79,358 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
30%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,953
Businesses Nearby
148k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 28%
Home Improvements & Furnishings 25%
Shops & Services 25%
Groceries 20%
The Home Depot
Home Improvements & Furnishings
37,587 visits/mo
0.5 miles
Safeway
Groceries
30,286 visits/mo
0.1 miles
Dutch Bros. Coffee
Dining
14,794 visits/mo
0.2 miles
7-Eleven
Shops & Services
7,839 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
7,322 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown commercial building combines flexible vacant space with an occupied coffee and boba operation.
Where is this mixed-use property located?
The property is located at 239 SE G Street Grants Pass, OR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 5,000‑square‑foot two‑unit mixed‑use property with 3,500 square feet vacant and 1,500 square feet leased; 1,500‑square‑foot sale‑leaseback occupancy by Taste & See Coffee & Boba; Vacant unit includes 3 private offices, 3 restrooms, 2 gathering or event areas, and a prep kitchen
