Mixed-Use Office and Restaurant
513 Main Street Klamath Falls, OR 97601
513 Main Street, Klamath Falls, OR, 97601
$498,750
For Sale
$498,750
Seismically improved building offers separate office and custom food service suites on Main Street in Klamath Falls.
Property Size3,325 SF
Price / SF$150
Days on Market848
Property Features for 513 Main Street
General Information
- Standard status
- Active
- Size
- 3,325 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1919
Listing agency
Fisher Nicholson Realty, LLC
(541) 892-3423
Listed by
Mark Ahalt · License #201209417
(541) 892-3423
Source
Xome
Added: Mar 26, 2024 Updated: Jul 21 at 5:49AM Checked: Jul 21 at 5:49AM
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
Investment Insights
Based on property information with market context.
This seismically improved building presents two separate commercial spaces in one structure, currently operated under month-to-month leases. Suite 101 is configured as contemporary office space with a reception lobby, three workstations, two private offices, and a kitchen/breakroom. Suite 100 operates as a custom food service concept with a licensed kitchen and year-round Fro-Yo service, plus interior seating for fifteen.
The property is positioned on Main Street in downtown Klamath Falls, and features upgraded storefront opportunities. Geothermal sidewalks are located in front of the building.
With two distinct suites—office-oriented space and a food service operation—the building can serve as a combined holding for an investor or as a multi-use platform for an operator.
The property is positioned on Main Street in downtown Klamath Falls, and features upgraded storefront opportunities. Geothermal sidewalks are located in front of the building.
With two distinct suites—office-oriented space and a food service operation—the building can serve as a combined holding for an investor or as a multi-use platform for an operator.
Key Highlights
- Seismically improved downtown Main St building in Klamath Falls with two separate commercial suites
- Suite 101: contemporary office space totaling 1,800 SF with reception lobby, 3 workstations, 2 private offices, kitchen, and breakroom
- Suite 100: 1,200 SF custom food service space for year‑round gourmet Fro‑Yo with licensed kitchen and seating for 15
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.9k | $16.80 |
| − Vacancy | −$11.2k | −$3.36 |
| EGI | $44.7k | $13.44 |
| − OpEx | −$11.2k | −$3.36 |
| NOI | $33.5k | $10.08 |
3,325 SF · lease $16.80/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$478.8K
$419.0K – $558.6K
NOI $33,516 @ 7.0% cap · market cap 6.72%
Second Best
Specialty Retail
$466.1K
$407.8K – $543.7K
NOI $32,624 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$679.6K
$594.7K – $792.9K
NOI $47,574 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lighthouse Yogurt Company
Bakery
J M Solutions ...
Tax Preparation
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FAQs
What type of property is this?
Office units - Seismically improved building offers separate office and custom food service suites on Main Street in Klamath Falls.
Where is this office units located?
The property is located at 513 Main Street Klamath Falls, OR.
What is the asking price?
The asking price for this property is $498,750.
What are key features of this property?
This property features: Seismically improved downtown Main St building in Klamath Falls with two separate commercial suites; Suite 101: contemporary office space totaling 1,800 SF with reception lobby, 3 workstations, 2 private offices, kitchen, and breakroom; Suite 100: 1,200 SF custom food service space for year‑round gourmet Fro‑Yo with licensed kitchen and seating for 15
