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    48257 E 1st Street Oakridge, OR 97463

    View on Map
    For Sale
    $250,000

    COMMERCIAL - Oakridge, OR

    Property size:
    3,279 SF
    Lot size:
    0.11 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    23
    Last Refresh:
    Apr 1 at 12:06 pm

    Property Features for 48257 E 1st Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    On Street, Parking Lot
    Standard status
    Active
    APN
    0951598
    Size
    3,279 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    5392

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Ductless (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1947
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Tile
    Roof type
    Membrane

    We can help!

    Listing Contact
    Erik Von Eggers

    Listing agent Erik Von Eggers License #201259625

    Listing office Keller Williams Realty Southern Oregon 701 E Jackson, Medford, OR

    Listing date Mar 10, 2026

    MLS# 220216769

    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.

    Overview

    Oakridge Commercial Building with License

    This commercial property, a former bank building, is located in Oakridge, Oregon. The 3,279 square foot building sits on a 0.11-acre lot and features built-in security. The property was purchased with the intention of becoming a marijuana retail outlet, and an OLCC retail license is currently active at this location, though not in operation. The interior is unfinished, offering a customizable space for a cannabis dispensary or other retail business. The property presents flexible options for potential buyers, including purchasing the property and license together, acquiring just the building for alternative use, or buying the license and leasing the site from the seller. This property is located in the heart of Oakridge.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sterling Savings Bank Bank La Mota - Oakridge (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakridge
    County
    Lane
    State
    Oregon
    Longitude
    -122.459452
    Latitude
    43.74806

    Nearby Similar for Sale

    • $775,000
      4,250 SF

      Established Oakridge Tire Center

      Well-established tire and auto service business with real estate.
      47406 HWY 58, Oakridge, OR 97463
      View Details
    • Contact for pricing

      Highway 58 Retail Opportunity

      Retail/convenience store on 0.72 acres with expansion potential.
      Oakridge, OR 97463
      View Details

    FAQs

    What type of property is this?
    Bank - Adaptable commercial space with active OLCC retail license.
    Where is this bank located?
    The property is located at 48257 E 1st Street Oakridge, OR.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Active OLCC Retail License: Opportunity to immediately operate a cannabis dispensary.; Seller Financing Available: Seller will carry with 30% down.; Adaptable Commercial Space: Suitable for cannabis dispensary or other retail use.
    (503) 487-7204
    We can help!
    Listing Contact
    Erik Von Eggers
    Real Estate License ID: 201259625
    Learn More
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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
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