Purpose-Built Medical Office
For Sale
$3,400,000
1879 Williams Highway, Grants Pass, OR 97527
Asante-leased medical facility with flexible exam and office layout and convenient shared parking off Williams Hwy.
Property Size10,000 SF
Price / SF$340
Days on Market465
Property Features for 1879 Williams Highway
General Information
Standard status
Active
Size
10,000 SF
Property subtype
General Commercial
Additional Details
Traffic Count
17,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$15,809
Amenities
Central Air
3
Vinyl, Carpet
Composition
Parking.
Asphalt, Lot.
1.0800000429153442
Building Details
Year Built
2007
Stories
1
Tenancy
Single
Listing Agency:
Merit Commercial RE, LLC
(541) 944-9967
Listed By:
Caspian Hoehne
(541) 944-9967
Source:
Xome
Added: May 4, 2025
Changed: Aug 8
Last Checked: Aug 11 at 5:42AM
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.
Exclusively presented for sale, 1879 Williams Hwy is an Asante-leased, purpose-built medical office building constructed in 2007. The facility includes a grand PNW-style entrance and an interior layout designed for flexibility, featuring an airy reception and waiting area, numerous triage and conventional exam rooms, and a mix of private and open office areas.
The property is well-located off Williams Hwy (17k+ VPD), with access via an immaculate shared parking lot. It also benefits from adjacency to a coffee/cafe drive-thru and offers landscaped common areas and walkways.
The recent operational pivot from an oncology clinic to a primary care clinic further reflects the building’s adaptable configuration for medical uses.
The property is well-located off Williams Hwy (17k+ VPD), with access via an immaculate shared parking lot. It also benefits from adjacency to a coffee/cafe drive-thru and offers landscaped common areas and walkways.
The recent operational pivot from an oncology clinic to a primary care clinic further reflects the building’s adaptable configuration for medical uses.
Key Highlights
- Asante‑leased STNL MOB medical facility offering a flexible reception, waiting, triage, and exam room layout plus office space
- 10,000 SF purpose‑built medical facility constructed in 2007 with central air and vinyl and carpet flooring
- Composition roof and on‑site parking with asphalt lot; immaculate shared parking available
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
$119,214
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
3.51%
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%
$2,384,280
$2.4M
Cap Rate 7%
$1,703,057
$1.7M
Cap Rate 9%
$1,324,600
$1.3M
Market Conditions
NOI Build-Up for 10,000 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
$222.0K $22.20/SF
− Vacancy
−$23.3K −$2.33/SF
EGI
$198.7K $19.87/SF
− OpEx
−$79.5K −$7.95/SF
NOI
$119.2K $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%
$2,384,280
Cap Rate 7%
$1,703,057
Cap Rate 9%
$1,324,600
Alternative Uses
Best Use
Healthcare Medical
$1.70M
$1.49M – $1.99M
NOI $119,214 @ 7.0% cap · market cap 3.51%
Second Best
Office B
$1.63M
$1.43M – $1.90M
NOI $114,030 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$2.27M
$1.98M – $2.65M
NOI $158,717 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
862
Businesses Nearby
Explore this area
Business Placement
Demographics for 97527, OR
36,358
Population
15,481
Households
2.3
Avg Household Size
49
Median Age
19%
College-Educated
90%
High-School Grad
219.8 sq mi
ZIP Area
165
Density / Sq Mi
$66,396
Median Household Income
$35,825
Median Earnings
$1,350
Median Rent
$408,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Asante-leased medical facility with flexible exam and office layout and convenient shared parking off Williams Hwy.
Where is this medical center located?
The property is located at 1879 Williams Highway Grants Pass, OR.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Asante‑leased STNL MOB medical facility offering a flexible reception, waiting, triage, and exam room layout plus office space; 10,000 SF purpose‑built medical facility constructed in 2007 with central air and vinyl and carpet flooring; Composition roof and on‑site parking with asphalt lot; immaculate shared parking available
