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    579 E Vilas Rd Central Point, OR 97502

    Sponsored
    For Sale
    $2,875,000

    COMMERCIAL - Central Point, OR

    Property size:
    4,532 SF
    Lot size:
    9.88 Acres
    Days on Market:
    38
    Last Refresh:
    Feb 27 at 9:06 pm

    Property Features for 579 E Vilas Rd

    General Information

    Special listing conditions
    Probate Listing
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Probate Listing
    Standard status
    Active
    Window features
    Vinyl Frames, Wood Frames
    APN
    10181883
    Parking features
    Driveway, Garage, Parking Lot, RV
    Patio and Porch features
    Porch
    Interior features
    Built-in Features, Ceiling Fan(s), Laminate Counters
    Size
    4,532 SF
    Lot size
    9.88 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Wood, Forced Air, Ductless (Heating)
    Cooling system
    Central Air, Ductless, Heat Pump, Window Unit(s), Wall/Window Unit(s)
    Water source
    Well

    Building Details

    Year built
    1974
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Vinyl, Laminate, Tile, Carpet, Concrete
    Building materials
    Frame
    Roof type
    Composition
    Additional Structures
    Mobile Home

    We can help!

    Listing Contact
    Andrea Adams
    Andrea Adams

    John L Scott (541) 779-3611

    Listing agent Andrea Adams (541) 779-3611

    Listing date Jan 21, 2026

    MLS# 220211723

    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.

    Learn more

    Property Insight Report

    Overview

    9.88 Acre Light Industrial Assemblage

    This 9.88-acre light industrial assemblage is located along E. Vilas Rd. The property features full utilities and high-visibility frontage. It is positioned within the rapidly expanding industrial corridor near the Medford Airport and I-5. The assemblage includes 579 E. Vilas Rd, a 4.53-acre parcel with a leased approximately 1,800 SF commercial building offering 3-phase power and 3 additional single-phase meters, as well as a rented mobile home. Also included is 605 E. Vilas Rd, a 1.95-acre parcel improved with a 1,852 SF single-family residence, an 880 SF ADU, and 2 additional single-phase meters. The assemblage also includes 61 E. Vilas Rd (2.41 acres), plus a separate 0.99-acre parcel. The property is zoned L-I (Light Industrial) and is within the UGB, free of floodplain or overlay restrictions. Annexation and zoning modifications may be possible, expanding future development potential. It is ideal for storage, warehousing and distribution, contractor yard use, manufacturing and processing, and service business operations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Pharmacy Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Central Point
    County
    Jackson
    State
    Oregon
    Longitude
    -122.873949
    Latitude
    42.391203

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    FAQs

    What type of property is this?
    Industrial land - Light industrial assemblage with high-visibility frontage in a growing industrial corridor.
    Where is this industrial land located?
    The property is located at 579 E Vilas Rd Central Point, OR.
    What is the asking price?
    The asking price for this property is $2,875,000.
    What are key features of this property?
    This property features: - 9.88-acre light industrial assemblage with full utilities and high-visibility frontage.; - Prime location in a rapidly expanding industrial corridor near Medford Airport and I-5.; - Zoned L-I (Light Industrial) and within the UGB, free of floodplain or overlay restrictions.
    (541) 324-2935
    Request Owner's contact information
    579 E Vilas Rd Central Point, OR 97502
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    Central Point, OR 97502
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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
    579 E Vilas Rd Central Point, OR 97502
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    We can help!
    Listing Contact
    Andrea Adams
    Andrea Adams
    Real Estate License ID: 201249931
    (541) 324-2935 (541) 779-3611
    Learn more
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