Remodeled Office
For Sale
Contact for pricing
128 SW I Street, Grants Pass, OR 97526
Updated office configuration combines private rooms with open workspace in a CBD-zoned commercial property.
Property Size4,529 SF
Days on Market57
Property Features for 128 SW I Street
General Information
Standard status
Active
Size
4,529 SF
Zoning
CBD
Listing Agency:
John L Scott Real Estate Grants Pass
(541) 476-1299
Listed By:
Kurt Tamashiro · License #870600137
(541) 471-4333
Source:
Evimerorealty
Added: Aug 21
Changed: Sep 14
Last Checked: Oct 16 at 8:20AM
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 John L Scott Real Estate Grants Pass
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Investment Insights
Based on property information with market context.
This 4,529-square-foot office property at 128 SW I Street includes a remodeled interior with both private offices and open work areas. The space was previously used for medical purposes and provides a professional configuration that can accommodate office, retail, medical, or service-oriented operations as supported by the CBD zoning designation.
Located in downtown Grants Pass, the property offers a central business setting within the Central Business District. Additional space is available, providing flexibility for users seeking more than the existing office configuration. The layout can also be adapted to suit a range of operational requirements without changing the property’s underlying office-oriented character.
Located in downtown Grants Pass, the property offers a central business setting within the Central Business District. Additional space is available, providing flexibility for users seeking more than the existing office configuration. The layout can also be adapted to suit a range of operational requirements without changing the property’s underlying office-oriented character.
Key Highlights
- 4,529 SF remodeled office property
- Private offices and open work areas
- Previously used for medical purposes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,644
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,880
$1.0M
Cap Rate 7%
$737,771
$737.8K
Cap Rate 9%
$573,822
$573.8K
Market Conditions
NOI Build-Up for 4,529 SF
Gross rent
$76.1K $16.80/SF
− Vacancy
−$7.2K −$1.60/SF
EGI
$68.9K $15.20/SF
− OpEx
−$17.2K −$3.80/SF
NOI
$51.6K $11.40/SF
Area
Josephine County, OR
Vacancy
9.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,880
Cap Rate 7%
$737,771
Cap Rate 9%
$573,822
Alternative Uses
Best Use
Healthcare Medical
$771.3K
$674.9K – $899.9K
NOI $53,992 @ 7.0% cap · market cap 5,399,200.00%
Second Best
Office B
$737.8K
$645.6K – $860.7K
NOI $51,644 @ 7.0% cap · market cap 5,164,400.00%
Theoretical Best
Office A
$1.03M
$898.5K – $1.20M
NOI $71,883 @ 7.0% cap · market cap 7,188,300.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,889
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Updated office configuration combines private rooms with open workspace in a CBD-zoned commercial property.
Where is this office units located?
The property is located at 128 SW I Street Grants Pass, OR.
What are key features of this property?
This property features: 4,529 SF remodeled office property; Private offices and open work areas; Previously used for medical purposes
