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    Merlin Industrial Building with Hoist Title is generated by Realmo AI

    2693 Pleasant Valley Road, Merlin, OR 97532

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    Claim this Listing
    For Sale
    $299,000

    COMMERCIAL - Merlin, OR

    Property size:
    2,476 SF
    Lot size:
    0.57 Acres
    Price / SF:
    $120/SF
    Added:
    Jun 24, 2025
    Days on Market:
    344
    Last Refresh:
    Jun 2 at 6:06 am

    Property Features for 2693 Pleasant Valley Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Driveway, Carport, Gated
    Standard status
    Active
    APN
    R303243
    Size
    2,476 SF
    Lot size
    0.57 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    772

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Wood
    Water source
    Well

    Building Details

    Year built
    1955
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Dan T Heater

    Listing agent Dan T Heater License #790200131

    Listing office John L Scott Real Estate Grants Pass 705 NE 7th St, Grants Pass, OR

    Listing date Jun 24, 2025

    MLS# 220204597

    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.

    HighLights

    • Rare rural industrial building featuring high (16+ft) ceilings and a tall roll‑up door.
    • Heavy‑duty hoist on steel rails spans the length of the main shop.
    • Abundant power supply, including 3‑phase electricity.
    • Additional side shop with 12+ft ceilings and roll‑up door, leading to a large carport area with a slab floor.
    • Includes a bedroom area, kitchen area, and 3/4 bathroom.
    • Convenient location at the corner of Pleasant Valley Rd and Monument Drive in the North Valley.

    Overview

    Located in a rural area at the corner of Pleasant Valley Road and Monument Drive in the North Valley, this industrial building features a main shop with ceilings exceeding 16 feet, a tall roll-up door, and a heavy-duty hoist on steel rails spanning the building's length. The property benefits from ample power, including three-phase electrical service. An additional side shop includes ceilings over 12 feet and a roll-up door that opens into a large carport-style area with a slab floor. The 2,476 square foot building also incorporates a bedroom area, a kitchen area, and a 3/4 bathroom. The property is being sold in "as is" condition, and prospective buyers are advised to conduct their own due diligence. The lot size is 0.57 acres.

    Local Financial Insights For Industrial

    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 $23.5k $9.48
    − Vacancy −$1.6k −$0.64
    EGI $21.9k $8.84
    − OpEx −$6.6k −$2.65
    NOI $15.3k $6.18
    2,476 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $218.8K
    $191.4K – $255.2K (±1% cap)
    NOI $15,313 @ 7.0% cap · market cap 5.12%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $561.4K
    $491.2K – $655.0K (±1% cap)
    NOI $39,298 @ 7.0% cap · market cap 13.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Department Store Food Market Grocery & Convenience Store Garden Center Car Rental Facility Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Merlin
    County
    Josephine
    State
    Oregon
    Longitude
    -123.387945
    Latitude
    42.541208

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    FAQs

    What type of property is this?
    Manufacturing property - Industrial building with tall ceilings, hoist, and three-phase power.
    Where is this manufacturing property located?
    The property is located at 2693 Pleasant Valley Road Merlin, OR.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Rare rural industrial building featuring high (16+ft) ceilings and a tall roll‑up door.; Heavy‑duty hoist on steel rails spans the length of the main shop.; Abundant power supply, including 3‑phase electricity.
    (541) 441-1391
    We can help!
    Listing Contact
    Dan T Heater
    Real Estate License ID: 790200131
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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
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    2693 Pleasant Valley Road, Merlin, OR 97532
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