Historic Bed & Breakfast with Carriage
For Sale
$1,450,000
153 Oak Street, Ashland, OR 97520
Restored historic property with detached guest suites and C-1 zoning.
Property Size4,544 SF
Days on Market17
Property Features for 153 Oak Street
General Information
Standard status
Active
Size
4,544 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
C-1
Taxes and HOA fees
Annual Taxes
$22,674
Building Details
Building Size
4,544 SF
Year Built
1883
Stories
2
Units
10
Construction
Italianate
Listing Agency:
Gateway Real Estate
(541) 941-8559
Listed By:
John Steinbergs
(541) 941-8559
Source:
Allprofessionalsre
Added: Jul 22
Changed: Aug 3
Last Checked: Aug 6 at 1:29PM
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 Gateway Real Estate
Investment Insights
Based on property information with market context.
The McCall House is a restored 1883 Italianate residence currently operating as a boutique hotel. Its layout includes 10 historic guest rooms, along with two detached Carriage House suites that provide separate accommodations. The property is also offered as a private residence and may continue as a licensed hospitality business.
C-1 zoning supports several stated commercial possibilities, including a restaurant or office suites. Ten on-site parking spaces add practical functionality for a property positioned near Ashland Plaza. The Oregon Shakespeare Festival is one block away, with downtown restaurants, galleries, and cultural amenities also nearby.
C-1 zoning supports several stated commercial possibilities, including a restaurant or office suites. Ten on-site parking spaces add practical functionality for a property positioned near Ashland Plaza. The Oregon Shakespeare Festival is one block away, with downtown restaurants, galleries, and cultural amenities also nearby.
Key Highlights
- Restored 1883 Italianate home
- 10 historic guest rooms, including 2 detached Carriage House suites
- Currently operating as a boutique hotel
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
$67,146
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
4.63%
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%
$1,342,920
$1.3M
Cap Rate 7%
$959,229
$959.2K
Cap Rate 9%
$746,067
$746.1K
Market Conditions
NOI Build-Up for 4,544 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
$99.8K $21.96/SF
− Vacancy
−$10.3K −$2.26/SF
EGI
$89.5K $19.70/SF
− OpEx
−$22.4K −$4.93/SF
NOI
$67.1K $14.78/SF
Area
Jackson County, OR
Vacancy
10.28%
Lease Rate
$21.96 /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%
$1,342,920
Cap Rate 7%
$959,229
Cap Rate 9%
$746,067
Alternative Uses
Best Use
Specialty Retail
$959.2K
$839.3K – $1.12M
NOI $67,146 @ 7.0% cap · market cap 4.63%
Second Best
Hotel Hospitality
$407.0K
$356.1K – $474.9K
NOI $28,491 @ 7.0% cap · market cap 1.96%
Theoretical Best
Office A
$1.10M
$959.7K – $1.28M
NOI $76,775 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,801
Businesses Nearby
29k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Home Improvements & Furnishings 27%
Dining 6%
Hotels & Casinos 3%
Ashland ACE Hardware
Home Improvements & Furnishings
7,806 visits/mo
0.2 miles
Wells Fargo
Shops & Services
6,721 visits/mo
0.1 miles
Chase Bank
Shops & Services
3,836 visits/mo
0.2 miles
KeyBank
Shops & Services
2,985 visits/mo
0.2 miles
Umpqua Bank
Shops & Services
2,049 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Bed & breakfast - Restored historic property with detached guest suites and C-1 zoning.
Where is this bed & breakfast located?
The property is located at 153 Oak Street Ashland, OR.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Restored 1883 Italianate home; 10 historic guest rooms, including 2 detached Carriage House suites; Currently operating as a boutique hotel
