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    Single-Level Office and Retail Building Title is generated by Realmo AI

    206 NE 7th Street, Grants Pass, OR 97526

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    Claim this Listing
    For Sale
    $739,000

    COMMERCIAL - Grants Pass, OR

    Property size:
    4,656 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $158/SF
    Added:
    Feb 17, 2025
    Days on Market:
    492
    Last Refresh:
    Jun 24 at 3:06 am

    Property Features for 206 NE 7th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Alley, Parking Lot
    Security features
    Security System
    Interior features
    Built-in Features, Ceiling Fan(s)
    Standard status
    Active
    APN
    R310400
    Size
    4,656 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7656

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1956
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Tile, Laminate
    Building materials
    Block, Brick, Concrete
    Roof type
    Built-Up

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    Listing Contact
    Melissa Hayes

    Listing agent Melissa Hayes License #201251085,OREGON

    Listing office Keller Williams Realty Southern Oregon 701 E Jackson, Medford, OR

    Listing date Feb 17, 2025

    MLS# 220195953

    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.

    HighLights

    • Single‑level professional office/retail building in Grants Pass Central Business District
    • Multiple conference rooms plus a mix of cubicles and private offices with large windows for natural light
    • 16 on‑site parking spots within blocks of Historic Downtown Grants Pass shops and services
    • Built in 1956 with block, brick, and concrete construction; built‑up roof
    • Heating includes natural gas; cooling with a heat pump
    • Public utilities: public water and public sewer

    Overview

    A well-maintained, single-level professional office/retail building offering a flexible interior layout for a range of business uses. The space includes multiple conference rooms along with a mix of cubicles and private offices, and large windows that bring in natural light throughout. With a total building size of 4,656 square feet on a 0.22-acre lot, the property is configured to support either office operations, retail activity, or a combination of professional services and customer-facing space.

    Located in the Central Business District of Grants Pass, the building is positioned with signage and visibility along NE 7th Street. The property also benefits from easy access to major thoroughfares, including I-5 and U.S. Route 199. On-site parking for 16 vehicles is available within blocks of Historic Downtown Grants Pass shops and services.

    This offering is suited for tenants seeking a ready-to-occupy headquarters, a satellite office, or a retail shop that can use a traditional office-and-conference-room arrangement. The mix of work areas and meeting space supports both individual productivity and customer or team collaboration, while the combination of visibility, signage, and dedicated parking helps accommodate day-to-day operations for professional and retail users.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $78.2k $16.80
    − Vacancy −$7.4k −$1.60
    EGI $70.8k $15.20
    − OpEx −$17.7k −$3.80
    NOI $53.1k $11.40
    4,656 SF · lease $16.80/SF/yr · vacancy 9.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $758.5K
    $663.7K – $884.9K (±1% cap)
    NOI $53,092 @ 7.0% cap · market cap 7.18%
    Second Best
    Retail
    $577.7K
    $505.5K – $674.0K (±1% cap)
    NOI $40,440 @ 7.0% cap · market cap 5.47%
    Theoretical Best
    Office A
    $1.06M
    $923.7K – $1.23M (±1% cap)
    NOI $73,899 @ 7.0% cap · market cap 10.00%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thomason Hospitality Group Corporate Office Southern Oregon Elmers ... Corporate Office Thomason Fidelity Group Corporate Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grants Pass
    County
    Josephine
    State
    Oregon
    Longitude
    -123.325281
    Latitude
    42.439911

    FAQs

    What type of property is this?
    Office building - Versatile, well-maintained single-level space with offices, conference rooms, and large windows, supported by on-site parking.
    Where is this office building located?
    The property is located at 206 NE 7th Street Grants Pass, OR.
    What is the asking price?
    The asking price for this property is $739,000.
    What are key features of this property?
    This property features: Single‑level professional office/retail building in Grants Pass Central Business District; Multiple conference rooms plus a mix of cubicles and private offices with large windows for natural light; 16 on‑site parking spots within blocks of Historic Downtown Grants Pass shops and services
    More about this property
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