Medical Center with Lab
For Sale
$2,495,000
1905 Main Street, Klamath Falls, OR 97601
Commercial Sale, Klamath Falls, OR
Property Size11,000 SF
Lot Size1.03 Acres
Price / SF$226.82
Days on Market9
Property Features for 1905 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
GC
Security features
Security System
Interior features
Solid Surface Counters, Wired for Data
Subdivision
Klamath Falls -Williams Addition
Lot features
Landscaped, Level, Sprinkler Timer(s), Sprinklers In Front
Directions
Main ST and Division ST, next to Ella Redkey Pool
Standard status
Active
APN
374357
Size
11,000 SF
Lot size
1.03 Acres
Additional Details
Property Use
Medical Office
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
18570
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Geothermal (Heating)
Cooling system
Central Air
Water source
Public
Amenities
lab space
collaboration space
Building Details
Year built
1963
Floors in Building
2
Number of units
1
Flooring type
Carpet, Tile, Vinyl
Building materials
Brick
Roof type
Built-Up
Listing Agency:
Fisher Nicholson Realty, LLC
(541) 884-1717
Listed By:
Mark W Ahalt · License #201209417
(541) 892-3423
Added: Oct 29
Changed: Nov 2
Last Checked: Nov 6 at 5:06AM
MLS# 220230689
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 11,000-square-foot medical center occupies a 1.03-acre parcel and was built in 1963. Its layout places patient-care areas below office, laboratory, and collaboration space. Brick construction, central air conditioning, geothermal and baseboard heating, and data wiring are among the building features. The property also has off-street parking and ADA entrances on both sides of the building.
Public water and sewer serve the site. The property is located next to the City Pool in Klamath Falls.
Public water and sewer serve the site. The property is located next to the City Pool in Klamath Falls.
Key Highlights
- 11,000‑square‑foot medical center on 1.03 acres
- Patient‑care areas with upper‑level offices, lab, and collaboration space
- ADA entrances on both sides and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,880
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,217,600
$2.2M
Cap Rate 7%
$1,584,000
$1.6M
Cap Rate 9%
$1,232,000
$1.2M
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$184.8K $16.80/SF
− Vacancy
−$37.0K −$3.36/SF
EGI
$147.8K $13.44/SF
− OpEx
−$37.0K −$3.36/SF
NOI
$110.9K $10.08/SF
Area
Klamath County, OR
Vacancy
20.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,217,600
Cap Rate 7%
$1,584,000
Cap Rate 9%
$1,232,000
Alternative Uses
Best Use
Office B
$1.58M
$1.39M – $1.85M
NOI $110,880 @ 7.0% cap · market cap 4.44%
Second Best
Healthcare Medical
$1.47M
$1.28M – $1.71M
NOI $102,782 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,386 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
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Business Placement
Demographics for 97601, OR
23,264
Population
10,936
Households
2.1
Avg Household Size
40
Median Age
24%
College-Educated
88%
High-School Grad
577.8 sq mi
ZIP Area
40
Density / Sq Mi
$53,333
Median Household Income
$31,011
Median Earnings
$972
Median Rent
$266,500
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical center - Patient-care areas are paired with upper-level offices, laboratory, and collaboration rooms.
Where is this medical center located?
The property is located at 1905 Main Street Klamath Falls, OR.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 11,000‑square‑foot medical center on 1.03 acres; Patient‑care areas with upper‑level offices, lab, and collaboration space; ADA entrances on both sides and off‑street parking
