Medical Office with Eight Exam
For Sale
Contact for pricing
160 NW FRANKLIN BLVD GRANTS PASS OR 97526-1086, Grants Pass, OR 97526
An ADA-accessible clinical layout includes reception, a lab, a kitchenette, and on-site parking.
Property Size3,000 SF
Lot Size0.22 Acres
Price / SF$165
Days on Market8
Property Features for 160 NW FRANKLIN BLVD GRANTS PASS OR 97526-1086
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.22 Acres
Property subtype
Office
Amenities
formal reception area with vaulted ceiling, skylights and stained glass
8 exam rooms
lab area
break room with kitchenette
ADA restroom with shower
monument signage
Building Details
Year Built
1988
Buildings
1
Listing Agency:
Evans, Elder Brown & Seubert
Listed By:
Stephanie Seubert · License #OR 200009074
(541) 345-4860
Source:
Crexi
Added: Sep 18
Changed: Sep 24
Last Checked: Sep 24 at 2:44PM
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 Evans, Elder Brown & Seubert
Investment Insights
Based on property information with market context.
This medical office building contains approximately 3,000 square feet on a 0.22-acre parcel. Its layout includes a reception area with a vaulted ceiling, skylights and stained glass, along with eight exam rooms, six of which have sinks. Additional spaces include a lab, a break room with kitchenette, and three restrooms; one restroom is ADA accessible and includes a shower. The building was constructed in 1988 and has on-site parking and monument signage along NW Franklin Boulevard.
Key Highlights
- Approximately 3,000 square feet on 0.22 acres
- Eight exam rooms, including six with sinks
- ADA‑accessible facility with one restroom featuring a shower
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
$35,764
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
7.23%
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%
$715,280
$715.3K
Cap Rate 7%
$510,914
$510.9K
Cap Rate 9%
$397,378
$397.4K
Market Conditions
NOI Build-Up for 3,000 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
$66.6K $22.20/SF
− Vacancy
−$7.0K −$2.33/SF
EGI
$59.6K $19.87/SF
− OpEx
−$23.8K −$7.95/SF
NOI
$35.8K $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%
$715,280
Cap Rate 7%
$510,914
Cap Rate 9%
$397,378
Alternative Uses
Best Use
Healthcare Medical
$510.9K
$447.1K – $596.1K
NOI $35,764 @ 7.0% cap · market cap 7.23%
Second Best
Office B
$488.7K
$427.6K – $570.2K
NOI $34,209 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$680.2K
$595.2K – $793.6K
NOI $47,615 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97526, OR
36,561
Population
15,987
Households
2.3
Avg Household Size
47
Median Age
20%
College-Educated
91%
High-School Grad
140.7 sq mi
ZIP Area
260
Density / Sq Mi
$57,103
Median Household Income
$35,685
Median Earnings
$1,076
Median Rent
$379,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Cedarview Veterinary Hospital — 108 ne steiger st, grants pass, or 97526
Frequently Asked Questions
What type of property is this?
Medical Office Space - An ADA-accessible clinical layout includes reception, a lab, a kitchenette, and on-site parking.
Where is this medical office space located?
The property is located at 160 NW FRANKLIN BLVD GRANTS PASS OR 97526-1086 Grants Pass, 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: Approximately 3,000 square feet on 0.22 acres; Eight exam rooms, including six with sinks; ADA‑accessible facility with one restroom featuring a shower
