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    Commercial Building in Downtown Grants

    424 NW 6th Street Grants Pass, OR 97526

    424 NW 6th Street, Grants Pass, OR, 97526
    $955,000
    For Sale
    Claim this Listing
    $955,000

    COMMERCIAL - Grants Pass, OR

    Property Size7,250 SF
    Lot Size0.17 Acres
    Price / SF$131.72
    AddedApr 2
    Days on Market105
    Last RefreshJul 15 at 6:06 am

    Property Features for 424 NW 6th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    On Street
    Interior features
    Ceiling Fan(s), Vaulted Ceiling(s)
    Standard status
    Active
    APN
    R312474
    Size
    7,250 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6439

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1976
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Concrete
    Building materials
    Brick, Concrete, Frame
    Roof type
    Rolled Hot Mop

    Listing agent Michael D Masters License #801004242

    Listing office RE/MAX Integrity Grants Pass 1830 NE 7th Street, Medford, OR

    Listing date Apr 2, 2026

    MLS# 220218452

    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.

    This commercial building, located in downtown Grants Pass, Oregon, features three separate storefronts, each with its own meter. The property is situated on a corner lot with a traffic signal. The building has a new roof and a history of good rental income and tenant mix. The property size is 7,250 square feet, situated on a 0.17-acre lot. It is suitable for investors or a future owner-occupant. The property is located in the downtown corridor.

    Key Highlights

    • Excellent Cap Rate: Provides a great return on investment.
    • Three Separate Storefronts: Offers multiple income streams with separate meters.
    • Solid Leases: Ensures stable and reliable rental income.

    Local Financial Insights For Retail

    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 $95.7k $13.20
    − Vacancy −$5.7k −$0.79
    EGI $90.0k $12.41
    − OpEx −$27.0k −$3.72
    NOI $63.0k $8.69
    7,250 SF · lease $13.20/SF/yr · vacancy 6.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $899.6K
    $787.1K – $1.05M (±1% cap)
    NOI $62,971 @ 7.0% cap · market cap 6.59%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.64M
    $1.44M – $1.92M (±1% cap)
    NOI $115,070 @ 7.0% cap · market cap 12.05%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Martins Sign & Print ... (Bike/Boat/Book/etc) Store Kim's Hair Cutting ... Hair Salon Oregon Law Center Social Service Agency Smokeless Solutions Vape ... (Bike/Boat/Book/etc) Store The Hairport Hair Salon

    Suggested Use

    HVAC Service Storage Facility Kitchen & Bath Showroom Big Box & Wholesale Store Furniture & Home Goods Electrical Service (Bike/Boat/Book/etc) Store Catering Service Building Supply Food Market

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

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    FAQs

    What type of property is this?
    Storefront property - Three storefronts with solid leases in downtown Grants Pass.
    Where is this storefront property located?
    The property is located at 424 NW 6th Street Grants Pass, OR.
    What is the asking price?
    The asking price for this property is $955,000.
    What are key features of this property?
    This property features: Excellent Cap Rate: Provides a great return on investment.; Three Separate Storefronts: Offers multiple income streams with separate meters.; Solid Leases: Ensures stable and reliable rental income.
    Contact an agent
    (541) 770-3325
    We can help!
    Contact an agent
    Michael D Masters
    Michael D Masters
    Real Estate License ID: 801004242
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