Secure Industrial Warehouse and
5887 Monument Drive Grants Pass, OR 97526
For Sale
$2,250,000
Secure, fenced industrial site with multiple buildings, paved parking, roll-up doors, offices, and covered exterior storage.
Property Size15,000 SF
Lot Size4.00 Acres
Price / SF$150
Days on Market474
Property Features for 5887 Monument Drive
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Lot size
- 4.00 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1990
Listing Agency:
Merit Commercial RE, LLC
(541) 944-5620
Listed By:
Slade Bittler · License #201210593
(541) 944-5620
Source:
Xome
Added: Apr 6, 2025
Changed: Jul 23
Last Checked: Jul 23 at 12:33PM
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 Merit Commercial RE, LLC
Investment Insights
Based on property information with market context.
5887 Monument Drive is a secure, well-maintained income property on flat, fully fenced and gated commercial land. The site includes three adjacent buildings with a combination of warehouse space, approximately 6,500 square feet of office space, and a covered steel-framed exterior storage shed. Warehouses are set up with three roll-up exterior doors, and the property includes exterior storage and room to expand. Additional improvements include a paved parking area and full perimeter fencing.
The property also includes significant infrastructure with two 480 amp, three-phase power supplies. It is currently occupied by a long-standing tenant with licenses tied to the property. The offering is available as a full-site package sale; potential owner-carried financing is mentioned—please contact the listing broker for further details and showing information.
The property also includes significant infrastructure with two 480 amp, three-phase power supplies. It is currently occupied by a long-standing tenant with licenses tied to the property. The offering is available as a full-site package sale; potential owner-carried financing is mentioned—please contact the listing broker for further details and showing information.
Key Highlights
- Secure, fully fenced and gated 4.0‑acre flat commercial site in Grants Pass, Oregon at 5887 Monument Drive.
- Three adjacent buildings totaling about 20,800 SF: two steel‑framed warehouses plus office space.
- Warehouses include 3 roll‑up exterior doors, with room to expand and exterior storage.
Financial Insights For Flex RnD
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 | $207.0k | $13.80 |
| − Vacancy | −$16.6k | −$1.10 |
| EGI | $190.4k | $12.70 |
| − OpEx | −$66.7k | −$4.44 |
| NOI | $123.8k | $8.25 |
15,000 SF · lease $13.80/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.77M
$1.55M – $2.06M
NOI $123,786 @ 7.0% cap · market cap 5.50%
Second Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,651 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$3.40M
$2.98M – $3.97M
NOI $238,075 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shelter One
Construction Company
Similar Off Market Nearby
- U-Store Self Storage Grants Pass — 222 Brookside Blvd, Grants Pass, OR 97526
- Monument Drive Mini Storage — 101 San Francisco St, Grants Pass, OR 97526
- Titan Self Storage — 310 Flaming Rd, Grants Pass, OR 97526
FAQs
What type of property is this?
Warehouse - Secure, fenced industrial site with multiple buildings, paved parking, roll-up doors, offices, and covered exterior storage.
Where is this warehouse located?
The property is located at 5887 Monument Drive Grants Pass, OR.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Secure, fully fenced and gated 4.0‑acre flat commercial site in Grants Pass, Oregon at 5887 Monument Drive.; Three adjacent buildings totaling about 20,800 SF: two steel‑framed warehouses plus office space.; Warehouses include 3 roll‑up exterior doors, with room to expand and exterior storage.
