Flexible Storefront
For Sale
$349,000
55 S 2nd Street, Central Point, OR 97502
Commercial Sale, Central Point, OR
Property Size1,073 SF
Lot Size0.03 Acres
Price / SF$325.26
Days on Market15
Property Features for 55 S 2nd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
TDR-HMR
Parking features
On Street
Directions
Turn South From Pine Street on to South 2nd street. Building is on the left
Standard status
Active
APN
10141712
Size
1,073 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1009
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Block
Roof type
Membrane
Listing Agency:
Home Quest Realty
(541) 774-5503
Listed By:
Arron Waldron · License #201001094
(541) 951-5081
Added: Aug 18
Changed: Aug 28
Last Checked: Sep 1 at 10:06AM
MLS# 220227223
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 1,073-square-foot storefront building offers a flexible commercial layout for a new business concept. The property is zoned General Commercial (GC), and the available space is described as adaptable for retail, professional office, boutique service, or specialty use. Block construction, concrete flooring, electric heat, and wall or window cooling units are in place.
The property is located at 55 S 2nd Street in Central Point, directly across from a grocery store and near established boutique shopping destinations. On-street parking serves the site. Public water and public sewer are available, with a membrane roof completing the building improvements.
The property is located at 55 S 2nd Street in Central Point, directly across from a grocery store and near established boutique shopping destinations. On-street parking serves the site. Public water and public sewer are available, with a membrane roof completing the building improvements.
Key Highlights
- 1,073 SF storefront building in Central Point
- General Commercial (GC) zoning
- Directly across from a grocery store
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,845
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$296,900
$296.9K
Cap Rate 7%
$212,071
$212.1K
Cap Rate 9%
$164,944
$164.9K
Market Conditions
NOI Build-Up for 1,073 SF
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.
Gross rent
$23.2K $21.60/SF
− Vacancy
−$2.0K −$1.84/SF
EGI
$21.2K $19.76/SF
− OpEx
−$6.4K −$5.93/SF
NOI
$14.8K $13.83/SF
Area
Jackson County, OR
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$296,900
Cap Rate 7%
$212,071
Cap Rate 9%
$164,944
Alternative Uses
Best Use
Retail
$212.1K
$185.6K – $247.4K
NOI $14,845 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$259.0K
$226.6K – $302.2K
NOI $18,129 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
155k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 33%
Groceries 10%
Electronics 1%
McDonald's
Dining
31,427 visits/mo
0.3 miles
Chevron
Shops & Services
22,006 visits/mo
0.4 miles
Dollar Tree
Shops & Services
21,038 visits/mo
0.4 miles
Ray's Food Place
Groceries
15,279 visits/mo
0.1 miles
7-Eleven
Shops & Services
8,849 visits/mo
0.3 miles
Demographics for 97502, OR
29,558
Population
11,717
Households
2.5
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
82.1 sq mi
ZIP Area
360
Density / Sq Mi
$79,146
Median Household Income
$42,667
Median Earnings
$1,245
Median Rent
$374,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Albertsons Floral — 1360 Plaza Blvd, Central Point, OR 97502
Frequently Asked Questions
What type of property is this?
Storefront property - Blank-canvas commercial space suited to retail, professional office, boutique service, or specialty business use.
Where is this storefront property located?
The property is located at 55 S 2nd Street Central Point, OR.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,073 SF storefront building in Central Point; General Commercial (GC) zoning; Directly across from a grocery store
