Downtown Klamath Falls Commercial
513 Main Street, Klamath Falls, OR 97601
COMMERCIAL - Klamath Falls, OR
Property size:
3,325 SFLot size:
0.08 AcresPrice / SF:
$148/SF- Added:
- Aug 12, 2024
- Days on Market:
- 660
- Last Refresh:
- Jun 2 at 10:06 am
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
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1919
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Vinyl, Tile, Hardwood, Laminate, Carpet
- Building materials
- Brick, Concrete, Frame
- Roof type
- Membrane
Listing agent Mark W Ahalt License #201209417 (541) 892-3423
Listing office Fisher Nicholson Realty, LLC 403 Main Street, Klamath Falls, OR (541) 884-1717
Listing date Aug 12, 2024
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.
HighLights
- Two separate commercial spaces in one seismically improved building.
- Strategic downtown Klamath Falls location on Main Street.
- Currently operated with month‑to‑month leases on 2 different businesses.
- Includes a 1200 SF space with a licensed kitchen currently operating as a Fro‑Yo service.
- Suite 101 (1800 SF) features a reception lobby, 3 workstations, 2 private offices, kitchen and breakroom.
- Geothermal sidewalks in front of the building.
Overview
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.
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 Profile
Location Intelligence
Current Use by Public Records
Lighthouse Yogurt Company
Bakery
J M Solutions ...
Tax Preparation
Location Insight
- Map
- Local Demand
- City
- Klamath Falls
- County
- Klamath
- State
- Oregon
- Longitude
- -121.78333
- Latitude
- 42.224448
Nearby Similar for Sale
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: Two separate commercial spaces in one seismically improved building.; Strategic downtown Klamath Falls location on Main Street.; Currently operated with month‑to‑month leases on 2 different businesses.
