Downtown Klamath Falls Commercial
513 Main Street Klamath Falls, OR 97601
513 Main Street, Klamath Falls, OR, 97601
$495,000
For Sale
$495,000
COMMERCIAL - Klamath Falls, OR
Property Size3,325 SF
Lot Size0.08 Acres
Price / SF$148.87
Days on Market710
Property Features for 513 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Security features
- Security System
- Window features
- Aluminum Frames
- Interior features
- Laminate Counters, Wired for Data
- Standard status
- Active
- APN
- 412869
- Size
- 3,325 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 5342
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1919
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Hardwood, Laminate, Carpet, Tile, Vinyl
- Building materials
- Brick, Concrete, Frame
- Roof type
- Membrane
Listing agency
Fisher Nicholson Realty, LLC
(541) 884-1717
Listed by
Mark W Ahalt · License #201209417
(541) 892-3423
Added: Aug 12, 2024 Updated: Jun 26 at 1:30PM Checked: Jul 22 at 4:06AM
MLS# 220188088
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 in downtown Klamath Falls offers two distinct spaces. The property features seismically improved construction and a strategic location on Main Street. Suite 101, currently occupied by JM Solutions, provides 1800 square feet of contemporary office space. This suite includes a reception lobby, three workstations, two private offices, a kitchen, and a breakroom. Suite 100 is a 1200-square-foot space currently operating as Lighthouse Yogurt Company, a gourmet frozen yogurt service open year-round. This space includes seating for fifteen interior and a licensed kitchen. The building benefits from geothermal sidewalks along the front. The total property size is 3325 square feet, situated on a 0.08-acre lot. Both spaces are currently operated with month-to-month leases, presenting opportunities for investors or entrepreneurs. The property is suitable for locating a business in a central downtown location.
Key Highlights
- Seismically improved downtown building with two separate commercial spaces and month‑to‑month leases
- Suite 101: 1,800 SF contemporary offices with reception lobby, 3 workstations, 2 private offices, kitchen and breakroom
- Suite 100: 1,200 SF licensed gourmet Fro‑Yo service with indoor seating for 15 and a service kitchen
Local Financial Insights For Office B
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 | $55.9k | $16.80 |
| − Vacancy | −$11.2k | −$3.36 |
| EGI | $44.7k | $13.44 |
| − OpEx | −$11.2k | −$3.36 |
| NOI | $33.5k | $10.08 |
3,325 SF · lease $16.80/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$478.8K
$419.0K – $558.6K
NOI $33,516 @ 7.0% cap · market cap 6.77%
Second Best
Specialty Retail
$466.1K
$407.8K – $543.7K
NOI $32,624 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$679.6K
$594.7K – $792.9K
NOI $47,574 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lighthouse Yogurt Company
Bakery
J M Solutions ...
Tax Preparation
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two commercial spaces in one seismically improved building.
Where is this office units located?
The property is located at 513 Main Street Klamath Falls, OR.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Seismically improved downtown building with two separate commercial spaces and month‑to‑month leases; Suite 101: 1,800 SF contemporary offices with reception lobby, 3 workstations, 2 private offices, kitchen and breakroom; Suite 100: 1,200 SF licensed gourmet Fro‑Yo service with indoor seating for 15 and a service kitchen
