Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3344 Washburn Way Klamath Falls, OR 97603

    Sponsored
    For Lease
    $0.71 SF/Yr ($4,458 /Mo)

    G - Klamath Falls, OR

    Lot size:
    1.73 Acres
    Days on Market:
    15
    Last Refresh:
    Jan 27 at 11:06 am

    Property Features for 3344 Washburn Way

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    LI
    APN
    863916
    Parking features
    Carport, Gated, Parking Lot
    Exterior features
    RV Hookup
    Lot size
    1.73 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas, Other (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1992
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Angie Daun Mombert
    Angie Daun Mombert

    RE/MAX Key Properties (541) 728-0033

    Listing agent Angie Daun Mombert (541) 728-0033 License #200409088

    Listing date Jan 13, 2026

    MLS# 220213663 Listing URL

    Copyright © 2026 MLS of Central Oregon. 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 Flex Space Available

    Located in Klamath Falls, Oregon, this metal building offers a versatile mix of office, retail, and shop space, suitable for businesses requiring both customer-facing and operational areas. The shop area features tall ceilings, oversized doors, and a mezzanine for additional storage. The property, situated on a 1.73-acre lot, is largely enclosed with secure fencing and wide rolling gates, providing drive-through access in the yard for trucks and larger vehicles, facilitating easy circulation. The warehouse is heated, while the front office and showroom areas are equipped with both heat and air conditioning. Zoned LI, this property offers functionality in a commercial corridor along Washburn Way.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail 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
    -121.757887
    Latitude
    42.196484

    Nearby Similar for Lease

    • $1.00 SF/Yr
      1,052,410 SF

      Klamath Falls Geothermal Office Space

      Contemporary co-working and office space available for multi-year lease.
      2701 Foothills Blvd, Klamath Falls, OR 97603
      View Details
    • $2,640 /Mo
      37,462 SF

      Klamath Falls Office Space Available

      Office space for lease with excellent South 6th Street exposure.
      5230 S 6Th St, Klamath Falls, OR 97603
      View Details
    • $3,330 /Mo
      36,155 SF

      Klamath Falls Commercial Space Available

      High-visibility commercial space in Klamath Falls near hospital and college.
      2575 Campus Dr, Klamath Falls, OR 97601
      View Details
    • $2,080 /Mo
      3,920 SF

      Downtown Klamath Falls Office Space

      Clean, turnkey office space in the heart of Klamath Falls.
      830 Klamath Ave, Klamath Falls, OR 97601
      View Details
    • $2,500 /Mo
      129,809 SF

      Klamath Falls Industrial Warehouse For Lease

      Industrial warehouse with extra strength flooring, upgraded electric, easy access.
      2913 Broadmore St, Klamath Falls, OR 97603
      View Details
    • $1.00 SF/Yr
      436 SF

      Klamath Falls Retail Space Available

      Retail space in Klamath Falls with ample parking.
      2650 Washburn Way, Klamath Falls, OR 97603
      View Details
    • $1.00 SF/Yr
      149,411 SF

      Klamath Falls Town Center Space

      Lease space with high traffic and ample parking.
      1891 Avalon St, Klamath Falls, OR 97603
      View Details
    • $4,200 /Mo
      15,682 SF

      Downtown Klamath Falls Office Space

      Professional office space in downtown Klamath Falls with flexible options.
      303 Pine St, Klamath Falls, OR 97601
      View Details
    • $0.35 SF/Yr
      100,624 SF

      Klamath Falls Industrial Warehouse Space

      Industrial warehouse space for lease in Klamath Falls, Oregon.
      4120 Washburn Way, Klamath Falls, OR 97603
      View Details
    • $0.75 SF/Yr
      436 SF

      Klamath Falls Upper Level Office

      Upper level office space with six offices, bath, and kitchen.
      2650 Washburn Way, Klamath Falls, OR 97603
      View Details
    • $0.80 SF/Yr
      75,794 SF

      Klamath Falls Cold Storage Facility

      Cold storage and warehouse spaces available for lease in Oregon.
      661 S Spring St, Klamath Falls, OR 97601
      View Details
    • $0.50 SF/Yr
      52,272 SF

      Klamath Falls Warehouse Spaces Available

      Dry warehouse spaces available for lease in Klamath Falls.
      615 S Spring St, Klamath Falls, OR 97601
      View Details

    FAQs

    What type of property is this?
    Flex space - Versatile flex space with office, retail, and shop areas.
    Where is this flex space located?
    The property is located at 3344 Washburn Way Klamath Falls, OR.
    What is the lease rate?
    The lease rate is $0.71 SF/Yr.
    What are key features of this property?
    This property features: - Excellent exposure on Washburn Way in a prime commercial corridor.; - Versatile mix of office, retail, and shop space suitable for various business needs.; - Securely fenced yard with wide rolling gates and drive-through access for trucks and large vehicles.
    (541) 408-3543
    Request Owner's contact information
    3344 Washburn Way Klamath Falls, OR 97603
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3344 Washburn Way
    Klamath Falls, OR 97603
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3344 Washburn Way Klamath Falls, OR 97603
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Angie Daun Mombert
    Angie Daun Mombert
    Real Estate License ID: 200409088
    (541) 408-3543
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.