Merlin Industrial Building with
2693 Pleasant Valley Road Merlin, OR 97532
2693 Pleasant Valley Road, Merlin, OR, 97532
$299,000
For Sale
$299,000
COMMERCIAL - Merlin, OR
Property Size2,476 SF
Lot Size0.57 Acres
Price / SF$120.76
Days on Market389
Property Features for 2693 Pleasant Valley Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Driveway, Gated, Carport
- 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
Listing Agency
John L Scott Real Estate Grants Pass
(541) 476-1299
705 NE 7th St, Grants Pass, OR
Listed by
Dan T Heater · License #790200131
(541) 441-1391
Added: Jun 24, 2025 Checked: Jul 17 at 4:06 pm
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Rural industrial building on the corner of Pleasant Valley Rd and Monument Drive in the North Valley
- Main shop has 16+ ft ceilings and a tall roll‑up door
- Heavy‑duty hoist on steel rails runs the length of the main building
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
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
NOI $39,298 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
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: Rural industrial building on the corner of Pleasant Valley Rd and Monument Drive in the North Valley; Main shop has 16+ ft ceilings and a tall roll‑up door; Heavy‑duty hoist on steel rails runs the length of the main building
