Renovated Office
For Sale
$305,000
101 E Park Street, Grants Pass, OR 97527
Four private offices, a conference room, and a welcoming lobby support a range of professional office configurations.
Property Size1,050 SF
Lot Size0.12 Acres
Price / SF$290.48
Days on Market235
Property Features for 101 E Park Street
General Information
Standard status
Active
Size
1,050 SF
Total Parking Spaces
9
Lot size
0.12 Acres
Property subtype
Commercial
Zoning
Gc; General Comm
Additional Details
Condition
Move-in Ready
Property Use
Office
Taxes and HOA fees
Annual Taxes
$2,366
Amenities
conference room
lobby
updated bathrooms
ductless heating/air conditioning
Building Details
Building Size
1,050 SF
Year Built
1954
Buildings
1
Stories
1
Units
1
Listing Agency:
RE/MAX Platinum
(541) 734-5500
Listed By:
Brian Godley · License #201212916
(541) 613-5336
Source:
Desertskyrealestate
Added: Mar 5
Changed: Oct 26
Last Checked: Oct 26 at 3:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Platinum
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Investment Insights
Based on property information with market context.
The 1,050-square-foot office building was constructed in 1954 and has been renovated. Its interior includes four private offices, a large conference room, and a front lobby, along with two updated bathrooms. Four ductless heating and air-conditioning heads serve the space. Improvements also include updated electrical, flooring, doors, trim, and newer interior and exterior paint.
The property occupies a 0.12-acre lot at 101 E Park Street in Grants Pass, Oregon, with nine paved parking spaces. It is zoned GC; General Commercial.
The property occupies a 0.12-acre lot at 101 E Park Street in Grants Pass, Oregon, with nine paved parking spaces. It is zoned GC; General Commercial.
Key Highlights
- 1,050‑square‑foot office building on a 0.12‑acre lot
- Four private offices, conference room, and front lobby
- Four ductless heating and air‑conditioning heads
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,973
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,460
$239.5K
Cap Rate 7%
$171,043
$171.0K
Cap Rate 9%
$133,033
$133.0K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$17.6K $16.80/SF
− Vacancy
−$1.7K −$1.60/SF
EGI
$16.0K $15.20/SF
− OpEx
−$4.0K −$3.80/SF
NOI
$12.0K $11.40/SF
Area
Josephine County, OR
Vacancy
9.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,460
Cap Rate 7%
$171,043
Cap Rate 9%
$133,033
Alternative Uses
Best Use
Office B
$171.0K
$149.7K – $199.6K
NOI $11,973 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$238.1K
$208.3K – $277.8K
NOI $16,665 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
943
Businesses Nearby
Explore this area
Business Placement
Demographics for 97527, OR
36,358
Population
15,481
Households
2.3
Avg Household Size
49
Median Age
19%
College-Educated
90%
High-School Grad
219.8 sq mi
ZIP Area
165
Density / Sq Mi
$66,396
Median Household Income
$35,825
Median Earnings
$1,350
Median Rent
$408,200
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Four private offices, a conference room, and a welcoming lobby support a range of professional office configurations.
Where is this office building located?
The property is located at 101 E Park Street Grants Pass, OR.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 1,050‑square‑foot office building on a 0.12‑acre lot; Four private offices, conference room, and front lobby; Four ductless heating and air‑conditioning heads
