Flex Industrial Facility with
For Sale
Contact for pricing
1980 NW Washington Blvd, Grants Pass, OR 97526
Partially leased facility combines 6,000 SF office space with a heated, cooled, sprinklered warehouse on three ground doors.
Property Size20,200 SF
Price / SF$104.95
Days on Market396
Property Features for 1980 NW Washington Blvd
General Information
Standard status
Active
Size
20,200 SF
Property subtype
INDUSTRIAL
Listing Agency:
RE/Max Platinum
(541) 734-5500
Listed By:
Mason McKinney · License #201236868
(541) 613-0372
Source:
Moodyscre
Added: Oct 2, 2025
Changed: Oct 25
Last Checked: Nov 1 at 6:16AM
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 RE/Max Platinum
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Investment Insights
Based on property information with market context.
This flex industrial facility totals 20,200 SF on 2.44 acres and includes approximately 6,000 SF of office space. The warehouse is fully insulated, sprinklered, and heated/cooled, supporting year-round functionality. Loading access includes three ground-level doors and one split dock-high door, complemented by tall exterior awnings. The property also has a secured, fenced yard.
The asset is located in the North Grants Pass industrial core, with access just off I-5. The public remarks also note proximity to downtown, Redwood Highway, and the Southern Oregon coast.
It is currently partially leased to Platt Electric, offering flexibility for investors or owner-users. The property is also being offered for lease; contact the broker for more information.
The asset is located in the North Grants Pass industrial core, with access just off I-5. The public remarks also note proximity to downtown, Redwood Highway, and the Southern Oregon coast.
It is currently partially leased to Platt Electric, offering flexibility for investors or owner-users. The property is also being offered for lease; contact the broker for more information.
Key Highlights
- 20,200 SF industrial facility on 2.44 acres in North Grants Pass’s industrial core, just off I‑5
- Includes 6,000 SF office plus a fully insulated, sprinklered, heated/cooled warehouse
- Warehouse features three ground‑level doors and a split dock‑high door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,698
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,333,960
$3.3M
Cap Rate 7%
$2,381,400
$2.4M
Cap Rate 9%
$1,852,200
$1.9M
Market Conditions
NOI Build-Up for 20,200 SF
Gross rent
$278.8K $13.80/SF
− Vacancy
−$22.3K −$1.10/SF
EGI
$256.5K $12.70/SF
− OpEx
−$89.8K −$4.44/SF
NOI
$166.7K $8.25/SF
Area
Josephine County, OR
Vacancy
8.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,333,960
Cap Rate 7%
$2,381,400
Cap Rate 9%
$1,852,200
Alternative Uses
Best Use
Flex RnD
$2.38M
$2.08M – $2.78M
NOI $166,698 @ 7.0% cap · market cap 7.86%
Second Best
Warehouse
$2.17M
$1.90M – $2.53M
NOI $151,703 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$4.58M
$4.01M – $5.34M
NOI $320,608 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- The Perfect Bite — 1571 NE 6th St, Grants Pass, OR 97526
Frequently Asked Questions
What type of property is this?
Flex space - Partially leased facility combines 6,000 SF office space with a heated, cooled, sprinklered warehouse on three ground doors.
Where is this flex space located?
The property is located at 1980 NW Washington Blvd Grants Pass, OR.
What is the asking price?
The asking price for this property is $2,120,000.
What are key features of this property?
This property features: 20,200 SF industrial facility on 2.44 acres in North Grants Pass’s industrial core, just off I‑5; Includes 6,000 SF office plus a fully insulated, sprinklered, heated/cooled warehouse; Warehouse features three ground‑level doors and a split dock‑high door
