Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    460 Federal Way Central Point, OR 97502

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $589,000

    Level, M-1 zoned parcel near Amazon and Costco.

    Lot size:
    2.36 Acres

    Property Features for 460 Federal Way

    General Information

    Standard status
    Active
    Lot size
    2.36 Acres

    We can help!

    Listing Contact
    Gary Stamps
    Source: Exprealty

    Listing Agency: Windermere Van Vleet & Assoc2 Listing Agent: Gary Stamps

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    M-1 Zoned Parcel Ready

    This level parcel is zoned M-1, allowing for a multitude of developments. Utilities are available at the property. The location is logistically ideal, less than 5 miles from Interstate 5 and Rogue Valley International Airport, and close to other major commercial developments. The property is adjacent to the new Amazon Distribution Center and near the Central Point Costco location, making it ready for development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -122.8898175
    Latitude
    42.3724989

    Nearby Similar for Sale

    • $740,000
      0.18 Acres

      Central Point Corner Commercial Building

      Highly visible corner commercial building in downtown Central Point, Oregon.
      217 E Pine St, Central Point, OR 97502
      View Details
    • $513,500
      0.06 Acres

      New Central Point Duplex

      Two new living spaces on one lot in Central Point.
      4730 Gebhard Rd, Central Point, OR 97502
      View Details
    • $3,250,000
      1.35 Acres

      20-Unit Apartment Complex For Sale

      20-unit apartment complex with recreation room and inground pool.
      349 W Pine St, Central Point, OR 97502
      View Details
    • $517,500
      0.06 Acres

      New Central Point Duplex Opportunity

      New duplex with ADU, ideal for investors or multi-generational living.
      1121 Annalise St, Central Point, OR 97502
      View Details
    • $517,500
      0.08 Acres

      Contemporary Duplex in Central Point

      New duplex featuring a main home and separate ADU.
      4726 Gebhard Rd, Central Point, OR 97502
      View Details
    • $519,900
      0.06 Acres

      New Duplex in Willow Bend Estates

      New construction duplex perfect for investors or multi-generational living.
      1113 Annalise St, Central Point, OR 97502
      View Details
    • $659,000
      0.18 Acres

      Central Point Quadruplex For Sale

      Well-maintained, fully occupied Central Point quadplex with strong rental history.
      350 Alder St, Central Point, OR 97502
      View Details
    • $875,000
      0.57 Acres

      Central Point Office Investment Property

      Standalone office building with long-term tenant in Central Point, OR.
      81 Freeman Ct, Central Point, OR 97502
      View Details
    • $711,895
      10,454 SF

      Central Point Quadplex For Sale

      Well-maintained 1997 quadplex in Central Point, near Crater High.
      561 Briarwood Dr, Central Point, OR 97502
      View Details
    • $186,000
      1,944 SF

      Energy Star Home Ready to Move

      Energy Star-rated manufactured home with flexible relocation options.
      1182 E Justice Rd, Central Point, OR 97502
      View Details
    • $500,000
      1,100 SF

      Turnkey Storefront Business Opportunity

      Storefront and established glass shop business for sale.
      441 S Front St, Central Point, OR
      View Details
    • $335,000
      2,140 SF

      Mixed-Use Office and Apartment

      Office space with apartment for live/work or rental income.
      61 S 2Nd St, Central Point, OR 97502
      View Details

    FAQs

    What type of property is this?
    Commercial land - Level, M-1 zoned parcel near Amazon and Costco.
    Where is this commercial land located?
    The property is located at 460 Federal Way Central Point, OR.
    What is the asking price?
    The asking price for this property is $589,000.
    What are key features of this property?
    This property features: - Logistically ideal location, adjacent to Amazon Distribution Center and near Costco.; - M-1 zoning allows for a multitude of developments.; - Level parcel ready for development.
    (541) 621-3059
    Request Owner's contact information
    460 Federal Way Central Point, OR 97502
    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.
    460 Federal Way
    Central Point, OR 97502
    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
    460 Federal Way Central Point, OR 97502
    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

    We can help!
    Listing Contact
    Gary Stamps
    (541) 621-3059
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.