Fenced Flex Space with Lab
For Sale
$850,000
30073 Redwood Highway, Cave Junction, OR 97523
Commercial Sale, Cave Junction, OR
Property Size3,060 SF
Lot Size1.38 Acres
Price / SF$277.78
Days on Market390
Property Features for 30073 Redwood Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Ri; Rural Indust
Parking features
Parking Lot, RV, Gated
Lot features
Fenced, Level
View
Territorial
Standard status
Active
APN
R331797
Size
3,060 SF
Lot size
1.38 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3052
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Ductless (Heating), Energy Star Qualified Equipment (Heating), Electric (Heating), Forced Air, Heat Pump (Heating)
Cooling system
Ductless, Heat Pump, ENERGY STAR Qualified Equipment
Water source
Well, Private
Building Details
Year built
2019
Floors in Building
1
Number of units
1
Flooring type
Tile
Building materials
Frame
Roof type
Metal
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
China Rose · License #201218988
(888) 814-9613
Added: Aug 5, 2025
Changed: Aug 28
Last Checked: Aug 29 at 9:06AM
MLS# 220207155
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.
Constructed in 2019, this 3,060-square-foot flex property occupies a securely fenced 1.38-acre parcel with Rural Industrial zoning. The building includes private offices, tile flooring, ADA-compliant amenities, specialized rooms for flammable chemical storage, and a lab-oriented interior. Building systems include 3-phase power, a backup diesel generator, heat-pump and ductless HVAC, forced-air heating, and ENERGY STAR qualified equipment.
The property is located at 30073 Redwood Highway in Cave Junction, Oregon. Site infrastructure includes a private well and septic system, while exterior improvements include a gated parking lot with RV parking. The metal-roofed, frame construction provides a practical base for flexible commercial or industrial operations. Lab equipment and other personal property are offered separately.
The property is located at 30073 Redwood Highway in Cave Junction, Oregon. Site infrastructure includes a private well and septic system, while exterior improvements include a gated parking lot with RV parking. The metal-roofed, frame construction provides a practical base for flexible commercial or industrial operations. Lab equipment and other personal property are offered separately.
Key Highlights
- 3,060‑square‑foot building on 1.38 acres
- Rural Industrial zoning
- Built in 2019 with frame construction and a metal roof
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
$25,252
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
2.97%
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%
$505,040
$505.0K
Cap Rate 7%
$360,743
$360.7K
Cap Rate 9%
$280,578
$280.6K
Market Conditions
NOI Build-Up for 3,060 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
$42.2K $13.80/SF
− Vacancy
−$3.4K −$1.10/SF
EGI
$38.8K $12.70/SF
− OpEx
−$13.6K −$4.44/SF
NOI
$25.3K $8.25/SF
Area
Josephine County, OR
Vacancy
8.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
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%
$505,040
Cap Rate 7%
$360,743
Cap Rate 9%
$280,578
Alternative Uses
Best Use
Flex RnD
$360.7K
$315.7K – $420.9K
NOI $25,252 @ 7.0% cap · market cap 2.97%
Second Best
Industrial
$270.4K
$236.6K – $315.4K
NOI $18,925 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$693.8K
$607.1K – $809.5K
NOI $48,567 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97523, OR
6,548
Population
3,606
Households
1.8
Avg Household Size
50
Median Age
18%
College-Educated
91%
High-School Grad
250.3 sq mi
ZIP Area
26
Density / Sq Mi
$45,960
Median Household Income
$27,227
Median Earnings
$1,239
Median Rent
$301,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex space includes private offices, specialized lab areas, gated parking, and dedicated backup power.
Where is this flex space located?
The property is located at 30073 Redwood Highway Cave Junction, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,060‑square‑foot building on 1.38 acres; Rural Industrial zoning; Built in 2019 with frame construction and a metal roof
