Medical Office with Eight Exam
160 NW FRANKLIN BLVD GRANTS PASS OR 97526-1086, Grants Pass, OR 97526
For Sale
Contact for pricing
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 Market53
Property Features for 160 NW FRANKLIN BLVD GRANTS PASS OR 97526-1086
General Information
Standard status
Size
Lot size
Property subtype
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
Buildings
Listing Agency:
Evans, Elder Brown & Seubert
Listed By:
Stephanie Seubert · License OR #200009074
(541) 915-0623
Source:
Crexi
Added: Sep 18
Changed: Nov 2
Last Checked: Nov 8 at 8:05AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$35,764
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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
