Medical Office with Federal
New
For Sale
$2,956,764
1877 Williams Hwy Grants, Grants Pass, OR 97527
The outpatient clinic offers primary and specialty care within a medical plaza with abundant parking.
Property Size10,000 SF
Days on Market3
Property Features for 1877 Williams Hwy Grants
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Property Use
Medical Office
Building Details
Building Size
10,000 SF
Year Built
2014
Tenancy
Single
Listing Agency:
CP Partners
Listed By:
Zandy Smith · License #CalDRE #01734525
(415) 307-9010
Source:
Cppcre
Added: Oct 30
Last Checked: Nov 1 at 3:01AM
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 CP Partners
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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 2014 build-to-suit medical office is occupied by the U.S. Department of Veterans Affairs and operates as an outpatient clinic. Services include primary and specialty care, mental health care, laboratory services, immunizations, and smoking cessation programs. The facility is part of the VA Southern Oregon Healthcare System, with its lease backed by the U.S. federal government. A recent 3-year renewal includes annual rental increases, and the clinic has operated at the site since 2014.
The property sits within a maintained medical plaza with abundant parking and direct access to Williams Highway, which carries approximately 17,000 VPD. The surrounding area includes residential and commercial properties, South Middle School, and national-brand retail tenants. Downtown Grants Pass is nearby; the broader market has approximately 39,000 residents and access to I-5.
The property sits within a maintained medical plaza with abundant parking and direct access to Williams Highway, which carries approximately 17,000 VPD. The surrounding area includes residential and commercial properties, South Middle School, and national-brand retail tenants. Downtown Grants Pass is nearby; the broader market has approximately 39,000 residents and access to I-5.
Key Highlights
- Build‑to‑suit medical office occupied by the U.S. Department of Veterans Affairs
- Clinic has operated at the site since 2014; Year Built: 2014
- Recent 3‑year lease renewal with annual rental increases; lease backed by the U.S. federal government
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,214
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,384,280
$2.4M
Cap Rate 7%
$1,703,057
$1.7M
Cap Rate 9%
$1,324,600
$1.3M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$222.0K $22.20/SF
− Vacancy
−$23.3K −$2.33/SF
EGI
$198.7K $19.87/SF
− OpEx
−$79.5K −$7.95/SF
NOI
$119.2K $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%
$2,384,280
Cap Rate 7%
$1,703,057
Cap Rate 9%
$1,324,600
Alternative Uses
Best Use
Healthcare Medical
$1.70M
$1.49M – $1.99M
NOI $119,214 @ 7.0% cap · market cap 4.03%
Second Best
Office B
$1.63M
$1.43M – $1.90M
NOI $114,030 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$2.27M
$1.98M – $2.65M
NOI $158,717 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,011
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97527, OR
36,358
Population
15,481
Households
2.3
Avg Household Size
49
Median Age
19%
College-Educated
90%
High-School Grad
219.8 sq mi
ZIP Area
165
Density / Sq Mi
$66,396
Median Household Income
$35,825
Median Earnings
$1,350
Median Rent
$408,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Animal Hospital of Grants Pass — 1777 Williams Hwy, Grants Pass, OR 97527
- Animal Clinic: Coenen Linda DVM — 1777 Williams Hwy, Grants Pass, OR 97527
- Pacific Veterinary Clinic: Fear Danielle DVM — 275 Fruitdale Dr, Grants Pass, OR 97527
- Pacific Veterinary Clinic — 275 Fruitdale Dr, Grants Pass, OR 97527
Frequently Asked Questions
What type of property is this?
Medical Office Space - The outpatient clinic offers primary and specialty care within a medical plaza with abundant parking.
Where is this medical office space located?
The property is located at 1877 Williams Hwy Grants Grants Pass, OR.
What is the asking price?
The asking price for this property is $2,956,764.
What are key features of this property?
This property features: Build‑to‑suit medical office occupied by the U.S. Department of Veterans Affairs; Clinic has operated at the site since 2014; Year Built: 2014; Recent 3‑year lease renewal with annual rental increases; lease backed by the U.S. federal government
