Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    705 Harris Road Grants Pass, OR 97526

    View on Map
    Claim this Listing
    For Sale
    $158,000

    LAND - Grants Pass, OR

    Lot size:
    5.30 Acres
    Added:
    Jul 7, 2025
    Days on Market:
    287
    Last Refresh:
    Apr 19 at 4:06 am

    Property Features for 705 Harris Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R304400
    Lot size
    5.30 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    550

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Michael D Masters
    Michael D Masters

    Listing agent Michael D Masters License #801004242

    Listing office RE/MAX Integrity Grants Pass 1830 NE 7th Street, Medford, OR

    Listing date Jul 7, 2025

    MLS# 220205530 Listing URL

    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.

    Overview

    Land Near Merlin, Oregon

    This 5.3-acre parcel is located one mile from Merlin and offers convenient access to the I-5 on-ramp. The property is mostly level and ringed with trees, providing views in a peaceful setting. This land presents an opportunity for building or investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Department Store Storage Facility Bar & Pub Discount Store Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Grants Pass
    County
    Josephine
    State
    Oregon
    Longitude
    -123.404131
    Latitude
    42.5128

    Nearby Similar for Sale

    • $895,000
      5,800 SF

      Turnkey Commercial Building in Grants Pass

      Immaculate, ready-to-use commercial building with ample parking.
      541 NE E Street, Grants Pass, OR 97526
      View Details
    • $955,000
      7,250 SF

      Commercial Building in Downtown Grants

      Three storefronts with solid leases in downtown Grants Pass.
      424 NW 6th Street, Grants Pass, OR 97526
      View Details
    • $1,295,000
      3,200 SF

      Turnkey Tavern & Entertainment Venue

      Established tavern and entertainment venue on 0.58 acres.
      2039 Redwood Avenue, Grants Pass, OR 97527
      View Details
    • $597,000
      4,800 SF

      Grants Pass Office Building Investment

      Well-maintained 4,800 SF office building in Grants Pass Business District.
      233 NE B Street, Grants Pass, OR 97526
      View Details
    • $724,900
      2,120 SF

      Grants Pass Commercial Building

      Versatile commercial building in Grants Pass, Oregon, for sale.
      856 NE 7th Street, Grants Pass, OR 97526
      View Details
    • $995,000
      1,817 SF

      Prime Commercial Redevelopment Opportunity

      1.36 acres on high-traffic corridor, ideal for redevelopment.
      1731 Williams Highway, Grants Pass, OR 97527
      View Details
    • $450,000
      3,679 SF

      Mixed-Use Investment Opportunity

      Versatile property with residential and commercial units, income potential.
      1480 Rogue River Highway, Grants Pass, OR 97527
      View Details
    • $499,000
      2,520 SF

      Updated Income Property on Acreage

      Renovated duplex on 1.84 acres with expansion potential.
      3361 Camp Joy Road, Grants Pass, OR 97526
      View Details
    • $899,000
      4,272 SF

      Income-Producing 4-Plex with Development Potential

      Fully rented 4-plex on 3 lots with development potential.
      3095 Canal Avenue, Grants Pass, OR 97527
      View Details
    • $1,190,000
      5,699 SF

      Nine-Unit Multifamily Investment Opportunity

      Rare investment property with nine units and RV parking.
      4600 Rogue River Highway, Grants Pass, OR 97527
      View Details
    • $810,000

      Grants Pass Land with Views

      Land with development potential, city utilities, and mountain views.
      Fruitdale, Grants Pass, OR 97527
      View Details
    • $545,000
      1,944 SF

      Income Property Near Hospital

      Well-maintained duplex with spacious units and private yards.
      415 Marion Lane, Grants Pass, OR 97527
      View Details

    FAQs

    What type of property is this?
    Land - 5+ acre parcel near Merlin and I-5 on-ramp.
    Where is this land located?
    The property is located at 705 Harris Road Grants Pass, OR.
    What is the asking price?
    The asking price for this property is $158,000.
    What are key features of this property?
    This property features: Large 5+ acre parcel offers ample space and potential.; Conveniently located just one mile from Merlin and minutes from I‑5 on‑ramp.; Mostly level, usable land suitable for building or investment.
    (541) 770-3325
    We can help!
    Listing Contact
    Michael D Masters
    Michael D Masters
    Real Estate License ID: 801004242
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!