Open-Plan Retail
New
For Sale
Contact for pricing
1400 Ashland St #3A, Ashland, OR 97520
C-1 zoning and on-site parking support a range of commercial uses.
Property Size2,000 SF
Days on Market2
Property Features for 1400 Ashland St #3A
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Zoning
C-1
Building Details
Year Built
1998
Listing Agency:
John L Scott Real Estate Grants Pass
(541) 476-1299
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Oct 16
Last Checked: Oct 16 at 2:32PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail unit in Ashland offers 2,000 square feet of open space, two rooms, and a half bath. The building dates to 1998, and floor plans are available for review.
C-1 zoning is in place; confirm specific use permissions with the City of Ashland. A parking lot serves the property. The configuration combines open area with enclosed rooms for a range of potential layouts.
C-1 zoning is in place; confirm specific use permissions with the City of Ashland. A parking lot serves the property. The configuration combines open area with enclosed rooms for a range of potential layouts.
Key Highlights
- 2,000 square feet of open space
- Two rooms and a half bath
- C‑1 zoning; verify specific uses with the City of Ashland
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,480
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,600
$489.6K
Cap Rate 7%
$349,714
$349.7K
Cap Rate 9%
$272,000
$272.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$38.4K $19.20/SF
− Vacancy
−$5.8K −$2.88/SF
EGI
$32.6K $16.32/SF
− OpEx
−$8.2K −$4.08/SF
NOI
$24.5K $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 Rate 5%
$489,600
Cap Rate 7%
$349,714
Cap Rate 9%
$272,000
Alternative Uses
Best Use
Healthcare Medical
$414.3K
$362.5K – $483.3K
NOI $28,998 @ 7.0% cap · market cap 1,449,900.00%
Second Best
Retail
$395.3K
$345.9K – $461.2K
NOI $27,670 @ 7.0% cap · market cap 1,383,500.00%
Theoretical Best
Office A
$482.7K
$422.4K – $563.2K
NOI $33,792 @ 7.0% cap · market cap 1,689,600.00%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
Explore this area
Business Placement
Demographics for 97520, OR
25,970
Population
13,964
Households
1.9
Avg Household Size
47
Median Age
61%
College-Educated
96%
High-School Grad
328.8 sq mi
ZIP Area
79
Density / Sq Mi
$71,485
Median Household Income
$31,869
Median Earnings
$1,360
Median Rent
$568,700
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?
Retail space - C-1 zoning and on-site parking support a range of commercial uses.
Where is this retail space located?
The property is located at 1400 Ashland St #3A Ashland, OR.
What are key features of this property?
This property features: 2,000 square feet of open space; Two rooms and a half bath; C‑1 zoning; verify specific uses with the City of Ashland
