Mixed-Use Building with Food
For Sale
$495,000
513 Main Street, Klamath Falls, OR 97601
Two leased commercial suites combine office space with a year-round yogurt shop and licensed kitchen.
Property Size3,325 SF
Price / SF$148.87
Days on Market809
Property Features for 513 Main Street
General Information
Standard status
Active
Size
3,325 SF
Property subtype
Commercial
Zoning
GC
Occupancy
100%
Site & Location
Road Access
Yes
Mixed-Use Components
office, retail
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Seating Capacity
15
Taxes and HOA fees
Annual Taxes
$5,341
Amenities
geothermal sidewalks
Laminate Counters
Wired for Data
Building Details
Building Size
3,325 SF
Year Built
1919
Buildings
1
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
Fisher Nicholson Realty, LLC
(541) 884-1717
Listed By:
Mark W Ahalt · License #201209417
(541) 892-3423
Source:
Desertskyrealestate
Added: Aug 12, 2024
Changed: Oct 25
Last Checked: Oct 26 at 3:49AM
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 Fisher Nicholson Realty, LLC
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Investment Insights
Based on property information with market context.
This downtown mixed-use property contains two commercial suites in a seismically improved building constructed in 1919. Suite 101 offers 1,800 square feet arranged with a reception lobby, three workstations, two private offices, a kitchen, and a breakroom. The 1,200-square-foot Suite 100 is configured for food service, with interior seating for 15 and a licensed kitchen; the yogurt business operates year-round.
Both suites are occupied under month-to-month leases. The property is at 513 Main Street in Klamath Falls, and geothermal sidewalks run along the building’s frontage. Zoning is GC.
Both suites are occupied under month-to-month leases. The property is at 513 Main Street in Klamath Falls, and geothermal sidewalks run along the building’s frontage. Zoning is GC.
Key Highlights
- Two commercial suites total 3,325 square feet
- Seismically improved building constructed in 1919
- Suite 101 includes 1,800 SF, three workstations, two private offices, kitchen, and breakroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,624
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,480
$652.5K
Cap Rate 7%
$466,057
$466.1K
Cap Rate 9%
$362,489
$362.5K
Market Conditions
NOI Build-Up for 3,325 SF
Gross rent
$45.9K $13.80/SF
− Vacancy
−$2.4K −$0.72/SF
EGI
$43.5K $13.08/SF
− OpEx
−$10.9K −$3.27/SF
NOI
$32.6K $9.81/SF
Area
Klamath County, OR
Vacancy
5.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,480
Cap Rate 7%
$466,057
Cap Rate 9%
$362,489
Alternative Uses
Best Use
Specialty Retail
$466.1K
$407.8K – $543.7K
NOI $32,624 @ 7.0% cap · market cap 6.59%
Second Best
Mixed Use
$430.7K
$376.9K – $502.5K
NOI $30,149 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$679.6K
$594.7K – $792.9K
NOI $47,574 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,238
Businesses Nearby
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Business Placement
Demographics for 97601, OR
23,264
Population
10,936
Households
2.1
Avg Household Size
40
Median Age
24%
College-Educated
88%
High-School Grad
577.8 sq mi
ZIP Area
40
Density / Sq Mi
$53,333
Median Household Income
$31,011
Median Earnings
$972
Median Rent
$266,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two leased commercial suites combine office space with a year-round yogurt shop and licensed kitchen.
Where is this mixed-use property located?
The property is located at 513 Main Street Klamath Falls, OR.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two commercial suites total 3,325 square feet; Seismically improved building constructed in 1919; Suite 101 includes 1,800 SF, three workstations, two private offices, kitchen, and breakroom
