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    Downtown Ashland Commercial Building For Sale Title is generated by Realmo AI

    116 Lithia Way, Ashland, OR 97520

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    Pending
    $760,000

    COMMERCIAL - Ashland, OR

    Property size:
    3,850 SF
    Lot size:
    0.05 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    70
    Last Refresh:
    May 14 at 7:06 pm

    Property Features for 116 Lithia Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    On Street, Parking Lot, Alley
    Interior features
    Built-in Features
    Standard status
    Pending
    APN
    10065401
    Size
    3,850 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7902

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1979
    Floors in Building
    2
    Number of units
    8
    Flooring type
    Hardwood, Tile, Vinyl, Concrete, Carpet
    Building materials
    Block, Brick, Concrete, Frame
    Roof type
    Membrane

    We can help!

    Listing Contact
    Rowe Real Estate Team

    Listing agent Rowe Real Estate Team License #201218617

    Listing office John L. Scott Ashland 320 E Main Street #100, Medford, OR

    Listing date Mar 5, 2026

    MLS# 220216441

    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.

    HighLights

    • High‑traffic downtown location with excellent visibility and ample public parking.
    • Versatile commercial building with eight tenant suites and established mix of businesses.
    • Proximity to Oregon Shakespeare Festival and surrounding retail/restaurants.
    • Main level breezeway access to Will Dodge Way.
    • Upper level features a full commercial kitchen.
    • Recent appraisal available with market value opinion.

    Overview

    This versatile commercial building is located in the heart of downtown Ashland, Oregon, surrounded by retail and restaurants, and within one block of the Oregon Shakespeare Festival. The property features eight tenant suites with an established mix of professional and personal services, a restaurant, and a hair salon. The main level includes a 55' x 10' breezeway to Will Dodge Way, three individual suites, and one common area bathroom. The upper level contains five additional suites, a full commercial kitchen, two additional shared bathrooms, and storage closets. Situated in a high-traffic location, the property offers excellent visibility and ample public parking directly across Lithia Way. The building has a size of 3850 square feet and is located on a lot of 0.05 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kenneth Sackowitz Hair ... Hair Salon Westbrook Hair Design Hair Salon Diamond Parking Services Parking Lot & Garage Ashland Psychic Spiritual Center PINNACLE CONSULTING & SERVICES ... Consultant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Hair Salon Spa & Massage Center Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Jackson
    State
    Oregon
    Longitude
    -122.713239
    Latitude
    42.196983

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile commercial building in downtown Ashland near Oregon Shakespeare Festival.
    Where is this mixed-use property located?
    The property is located at 116 Lithia Way Ashland, OR.
    What is the asking price?
    The asking price for this property is $760,000.
    What are key features of this property?
    This property features: High‑traffic downtown location with excellent visibility and ample public parking.; Versatile commercial building with eight tenant suites and established mix of businesses.; Proximity to Oregon Shakespeare Festival and surrounding retail/restaurants.
    (541) 708-3975
    We can help!
    Listing Contact
    Rowe Real Estate Team
    Real Estate License ID: 201218617
    Learn More
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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.

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