Three-Level Mixed-Use
For Sale
$375,000
1146 Pine Street, Klamath Falls, OR 97601
GC-zoned property combines residential use with space previously used for commercial food preparation.
Property Size2,737 SF
Price / SF$137.01
Days on Market461
Property Features for 1146 Pine Street
General Information
Standard status
Active
Size
2,737 SF
Property subtype
Commercial
Zoning
GC
Additional Details
Mixed-Use Components
commercial, residential
Taxes and HOA fees
Annual Taxes
$2,392
Amenities
ADA-accessible ramp
private parking lot
three full kitchens
Laminate Counters
Solid Surface Counters
Tile Counters
Building Details
Building Size
2,737 SF
Buildings
1
Stories
3
Units
2
Tenancy
Multi
Listing Agency:
Fisher Nicholson Realty, LLC
(541) 884-1717
Listed By:
Danae Lasalle · License #201235890
(541) 880-8228
Source:
Desertskyrealestate
Added: Jul 29, 2025
Changed: Oct 25
Last Checked: Oct 29 at 8:37PM
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 Fisher Nicholson Realty, LLC
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Investment Insights
Based on property information with market context.
This three-level mixed-use building contains two separate units and three full kitchens. The mid-level was previously used for commercial food preparation. An ADA-accessible ramp provides entry to the main entrance, and the property has a private parking lot behind the building as well as on-street parking.
Located in downtown Klamath Falls, the property is zoned GC and is identified for both commercial and residential use.
Located in downtown Klamath Falls, the property is zoned GC and is identified for both commercial and residential use.
Key Highlights
- Three levels with two separate units and three full kitchens
- GC zoning with residential use identified
- Mid‑level previously used for commercial food preparation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,589
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,780
$551.8K
Cap Rate 7%
$394,129
$394.1K
Cap Rate 9%
$306,544
$306.5K
Market Conditions
NOI Build-Up for 2,737 SF
Gross rent
$46.0K $16.80/SF
− Vacancy
−$9.2K −$3.36/SF
EGI
$36.8K $13.44/SF
− OpEx
−$9.2K −$3.36/SF
NOI
$27.6K $10.08/SF
Area
Klamath County, OR
Vacancy
20.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,780
Cap Rate 7%
$394,129
Cap Rate 9%
$306,544
Alternative Uses
Best Use
Office B
$394.1K
$344.9K – $459.8K
NOI $27,589 @ 7.0% cap · market cap 7.36%
Second Best
Specialty Retail
$383.6K
$335.7K – $447.6K
NOI $26,855 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$559.4K
$489.5K – $652.7K
NOI $39,161 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,317
Businesses Nearby
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Business Placement
Demographics for 97601, OR
23,264
Population
10,936
Households
2.1
Avg Household Size
40
Median Age
24%
College-Educated
88%
High-School Grad
577.8 sq mi
ZIP Area
40
Density / Sq Mi
$53,333
Median Household Income
$31,011
Median Earnings
$972
Median Rent
$266,500
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - GC-zoned property combines residential use with space previously used for commercial food preparation.
Where is this mixed-use property located?
The property is located at 1146 Pine Street Klamath Falls, OR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Three levels with two separate units and three full kitchens; GC zoning with residential use identified; Mid‑level previously used for commercial food preparation
