515 NE 8th Street, Grants Pass, OR 97526
COMMERCIAL - Grants Pass, OR
- Added:
- Jun 8, 2026
- Days on Market:
- 20
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 515 NE 8th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- On Street, Alley, Driveway, Parking Lot, Garage
- Standard status
- Active
- APN
- R310301
- Size
- 1,440 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2331
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1973
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Carpet, Laminate
- Building materials
- Frame
- Roof type
- Composition
Listing agent Kurt Tamashiro License #870600137 (541) 476-1299
Listing office John L Scott Real Estate Grants Pass 705 NE 7th St, Grants Pass, OR (541) 476-1299
Listing date Jun 8, 2026
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
- 1973‑built frame commercial building with composition roof
- Prominent corner lot with convenient alley access and multiple parking options including garage, driveway, and parking lot
- Heat pump HVAC with both heating and cooling, plus backup generator
- Interior layout includes multiple private offices, expansive open workspace with cubicle‑style layout, and a break room
- Served by public water and public sewer
- Zoned R‑3; buyer to confirm with the City about any potential multifamily conversion
Overview
The property sits on a prominent corner lot in Grants Pass, with convenient alley access. The lot size is 0.14 acres, and the building is 1,440 square feet.
Zoned R-3, the property may be worth discussing with the City regarding any potential for permitted uses beyond office operations; buyers should confirm conversion requirements and feasibility directly with local authorities. With its flexible office floor plan and both alley and corner access, the space may fit a variety of professional office, office-support, or other commercial uses consistent with the zoning and approvals.
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 | $24.2k | $16.80 |
| − Vacancy | −$2.3k | −$1.60 |
| EGI | $21.9k | $15.20 |
| − OpEx | −$5.5k | −$3.80 |
| NOI | $16.4k | $11.40 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grants Pass
- County
- Josephine
- State
- Oregon
- Longitude
- -123.322258
- Latitude
- 42.441785
