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    The Largest CRE Database in the US with Over 1 Million Listings

    2701 Foothills Blvd Klamath Falls, OR 97603

    Sponsored
    For Lease
    $1.00 SF/Yr

    G - Klamath Falls, OR

    Property size:
    17,000 SF
    Lot size:
    24.16 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 27 at 4:06 pm

    Property Features for 2701 Foothills Blvd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    LI
    APN
    442836
    Parking
    50
    Parking features
    Driveway, Parking Lot
    Interior features
    Built-in Features, High Speed Internet, Solid Surface Counters, Vaulted Ceiling(s)
    Size
    17,000 SF
    Lot size
    24.16 Acres

    Utilities

    Heating system
    Forced Air, Geothermal (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2006
    Floors in Building
    1
    Flooring type
    Carpet, Concrete, Tile
    Building materials
    Block, Frame
    Roof type
    Membrane, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Mark W Ahalt
    Mark W Ahalt

    Fisher Nicholson Realty, LLC (541) 884-1717

    Listing agent Mark W Ahalt (541) 884-1717 License #201209417

    Listing date Jan 16, 2026

    MLS# 220213803 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 Geothermal Office Space

    Available for lease under a multi-year NNN contract, this geothermal property offers office and contemporary workspace. The space includes 8 to 10 private offices and a contemporary open co-working environment. The total space is approximately 17,000 square feet. Features include private offices, an executive board room, a multi-media center, breakout rooms, and seminar space. A workout space and ample parking are also available. The property is centrally located above Washburn Way and central to the commercial district. The location offers views of the Basin and south to Mt Shasta. The property is zoned LI and situated on a 24.16-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cascade Printing & Design Graphic Designer Nickel Want Ad ... Newspaper Publisher Herald and News Newspaper Publisher Healthy Klamath - A Certified ... Non-Profit Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Klamath Falls
    County
    Klamath
    State
    Oregon
    Longitude
    -121.755952
    Latitude
    42.226023

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    FAQs

    What type of property is this?
    Coworking space - Contemporary co-working and office space available for multi-year lease.
    Where is this coworking space located?
    The property is located at 2701 Foothills Blvd Klamath Falls, OR.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - Multi-year NNN lease opportunity in a geothermal masterpiece building.; - Approximately 17,000 sq ft of office and contemporary workspace.; - Located centrally above Washburn Way, in the commercial district, with views of the Basin and Mt Shasta.
    (541) 884-1717
    Request Owner's contact information
    2701 Foothills Blvd 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
    2701 Foothills Blvd Klamath Falls, OR 97603
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    We can help!
    Listing Contact
    Mark W Ahalt
    Mark W Ahalt
    Real Estate License ID: 201209417
    (541) 884-1717
    Learn more
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