NNN Dental Medical
For Sale
$1,650,000
1873 Williams Hwy, Grants Pass, OR 97526
NNN leased dental medical office with 3% annual rental increases and a recent 5-year lease renewal.
Property Size4,800 SF
Days on Market49
Property Features for 1873 Williams Hwy
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Commercial
Lease Term
±6.1 YRS
Net Operating Income
$128,461
Building Details
Building Size
4,800 SF
Year Built
2006
Listing Agency:
Matthews Real Estate Investments Services | New York
(773) 219-0964
Listed By:
Seamus O'Brien · License #02129205 (CA)
(773) 219-0964
Source:
Matthews
Added: Jul 3
Changed: Aug 8
Last Checked: Aug 20 at 4:05AM
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 Matthews Real Estate Investments Services | New York
Investment Insights
Based on property information with market context.
This NNN leased dental medical office property features scheduled 3% annual rental increases. The tenant, Adaptive Health Consultants, recently signed a fresh 5-year lease, and the asset is supported by Dentive, which the seller states is one of the largest DSOs in the country with 70+ locations across 9 states.
The property is located at 1873 Williams Hwy in Grants Pass, OR 97526. The seller also notes the location is down the street from a retail corridor with national tenants including Safeway, Little Caesars, Subway, Jimmy John’s, and Planet Fitness.
The offering is presented as a stabilized, long-term investment backed by NNN lease structure and the stated lease renewal by the current tenant.
The property is located at 1873 Williams Hwy in Grants Pass, OR 97526. The seller also notes the location is down the street from a retail corridor with national tenants including Safeway, Little Caesars, Subway, Jimmy John’s, and Planet Fitness.
The offering is presented as a stabilized, long-term investment backed by NNN lease structure and the stated lease renewal by the current tenant.
Key Highlights
- Year built 2006
- NNN leased dental/medical office with 3% annual rental increases
- Adaptive Health Consultants signed a fresh 5‑year lease renewal
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,223
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,144,460
$1.1M
Cap Rate 7%
$817,471
$817.5K
Cap Rate 9%
$635,811
$635.8K
Market Conditions
NOI Build-Up for 4,800 SF
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.
Gross rent
$106.6K $22.20/SF
− Vacancy
−$11.2K −$2.33/SF
EGI
$95.4K $19.87/SF
− OpEx
−$38.1K −$7.95/SF
NOI
$57.2K $11.92/SF
Area
Josephine County, OR
Vacancy
10.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,144,460
Cap Rate 7%
$817,471
Cap Rate 9%
$635,811
Alternative Uses
Best Use
Healthcare Medical
$817.5K
$715.3K – $953.7K
NOI $57,223 @ 7.0% cap · market cap 3.47%
Second Best
Office B
$781.9K
$684.2K – $912.2K
NOI $54,734 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$1.09M
$952.3K – $1.27M
NOI $76,184 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,011
Businesses Nearby
Explore this area
Business Placement
Demographics for 97526, OR
36,561
Population
15,987
Households
2.3
Avg Household Size
47
Median Age
20%
College-Educated
91%
High-School Grad
140.7 sq mi
ZIP Area
260
Density / Sq Mi
$57,103
Median Household Income
$35,685
Median Earnings
$1,076
Median Rent
$379,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - NNN leased dental medical office with 3% annual rental increases and a recent 5-year lease renewal.
Where is this nnn property located?
The property is located at 1873 Williams Hwy Grants Pass, OR.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Year built 2006; NNN leased dental/medical office with 3% annual rental increases; Adaptive Health Consultants signed a fresh 5‑year lease renewal
