Renovated Flex
For Sale
$795,000
Pending
5520 Table Rock Road, Central Point, OR 97502
Renovated flex property with office space, paved yard, perimeter fencing, and three-phase power.
Property Size4,823 SF
Lot Size1.00 Acre
Days on Market531
Property Features for 5520 Table Rock Road
General Information
Standard status
Pending
Size
4,823 SF
Lot size
1.00 Acre
Property subtype
Commercial/Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Trailer Parking
18
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$3,582
Building Details
Year Built
1979
Building Size
4,823 SF
Listing Agency:
Merit Commercial RE, LLC
(541) 944-9967
Listed By:
Caspian C Hoehne · License #201234073
(541) 944-9967
Source:
Exitrealty
Added: Mar 17, 2025
Changed: Aug 29
Last Checked: Aug 29 at 1:24PM
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.
This flex property combines a ±4,823 SF warehouse and office building with a fully paved 1.00-acre site. The layout includes multiple offices, a kitchen, three 12' x 12' roll-up doors, and direct access to the rear yard. Full perimeter fencing, parking, storage areas, and abundant 3-phase power support a range of industrial and warehouse operations.
The building, originally constructed in 1979, has received extensive improvements including new concrete, siding, and insulation. The rear yard contains 18 powered truck stalls, while the property is approximately 5 minutes from I-5 access. Lowe's, Costco, and Rogue Valley Intl Airport are also within a short drive.
The building, originally constructed in 1979, has received extensive improvements including new concrete, siding, and insulation. The rear yard contains 18 powered truck stalls, while the property is approximately 5 minutes from I-5 access. Lowe's, Costco, and Rogue Valley Intl Airport are also within a short drive.
Key Highlights
- ±4,823 SF warehouse and office building on a fully paved 1.00‑acre lot
- Three 12' x 12' roll‑up doors with access to the rear yard
- 18 powered truck stalls located in the rear yard
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
$59,034
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
7.43%
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%
$1,180,680
$1.2M
Cap Rate 7%
$843,343
$843.3K
Cap Rate 9%
$655,933
$655.9K
Market Conditions
NOI Build-Up for 4,823 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
$92.6K $19.20/SF
− Vacancy
−$13.9K −$2.88/SF
EGI
$78.7K $16.32/SF
− OpEx
−$19.7K −$4.08/SF
NOI
$59.0K $12.24/SF
Area
Jackson County, OR
Vacancy
15.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,180,680
Cap Rate 7%
$843,343
Cap Rate 9%
$655,933
Alternative Uses
Best Use
Office B
$843.3K
$737.9K – $983.9K
NOI $59,034 @ 7.0% cap · market cap 7.43%
Second Best
Flex RnD
$628.1K
$549.6K – $732.8K
NOI $43,968 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,489 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97502, OR
29,558
Population
11,717
Households
2.5
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
82.1 sq mi
ZIP Area
360
Density / Sq Mi
$79,146
Median Household Income
$42,667
Median Earnings
$1,245
Median Rent
$374,000
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?
Flex space - Renovated flex property with office space, paved yard, perimeter fencing, and three-phase power.
Where is this flex space located?
The property is located at 5520 Table Rock Road Central Point, OR.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: ±4,823 SF warehouse and office building on a fully paved 1.00‑acre lot; Three 12' x 12' roll‑up doors with access to the rear yard; 18 powered truck stalls located in the rear yard
