Mixed-Use Office/Retail
For Sale
$739,000
Pending
206 NE 7th Street, Grants Pass, OR 97526
Commercial Sale, Grants Pass, OR
Property Size4,656 SF
Lot Size0.22 Acres
Days on Market558
Property Features for 206 NE 7th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Cbd; Central Bus Dist
Parking features
Parking Lot, Alley
Security features
Security System
Interior features
Built-in Features, Ceiling Fan(s)
Subdivision
Grants Pass Original Townsite
Lot features
Corner Lot, Level
Standard status
Pending
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
Amenities
conference rooms
large windows
Building Details
Year built
1956
Floors in Building
1
Number of units
1
Flooring type
Laminate, Tile, Carpet
Building materials
Block, Brick, Concrete
Roof type
Built-Up
Listing Agency:
Keller Williams Realty Southern Oregon
(541) 608-0447
Listed By:
Melissa Hayes · License #201251085
(541) 450-4442
Added: Feb 17, 2025
Changed: Aug 28
Last Checked: Aug 29 at 8:06PM
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.
Investment Insights
Based on property information with market context.
This single-level mixed-use building combines office and retail functionality within 4,656 square feet. The interior includes multiple conference rooms, private offices, cubicle areas, and large windows that bring natural light into the workspace. Laminate, tile, and carpet flooring are complemented by built-in features, ceiling fans, natural-gas heating, and heat-pump cooling.
The property occupies 0.22 acres at 206 NE 7th Street in Grants Pass, within the Central Business District and near Historic Downtown shops and services. It offers signage and visibility along 7th Street, with access to I-5 and U.S. Route 199. On-site parking is provided through a parking lot, with alley access also available.
Constructed in 1956, the building has block, brick, and concrete construction, a built-up roof, public water, and public sewer. Its existing configuration supports a range of professional office and retail layouts.
The property occupies 0.22 acres at 206 NE 7th Street in Grants Pass, within the Central Business District and near Historic Downtown shops and services. It offers signage and visibility along 7th Street, with access to I-5 and U.S. Route 199. On-site parking is provided through a parking lot, with alley access also available.
Constructed in 1956, the building has block, brick, and concrete construction, a built-up roof, public water, and public sewer. Its existing configuration supports a range of professional office and retail layouts.
Key Highlights
- 4,656‑square‑foot single‑level office and retail building
- 0.22‑acre property in the Grants Pass Central Business District
- 16 on‑site parking spaces with parking lot and alley access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,092
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,061,840
$1.1M
Cap Rate 7%
$758,457
$758.5K
Cap Rate 9%
$589,911
$589.9K
Market Conditions
NOI Build-Up for 4,656 SF
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.
Gross rent
$78.2K $16.80/SF
− Vacancy
−$7.4K −$1.60/SF
EGI
$70.8K $15.20/SF
− OpEx
−$17.7K −$3.80/SF
NOI
$53.1K $11.40/SF
Area
Josephine County, OR
Vacancy
9.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,061,840
Cap Rate 7%
$758,457
Cap Rate 9%
$589,911
Alternative Uses
Best Use
Office B
$758.5K
$663.7K – $884.9K
NOI $53,092 @ 7.0% cap · market cap 7.18%
Second Best
Mixed Use
$596.6K
$522.1K – $696.1K
NOI $41,764 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$1.06M
$923.7K – $1.23M
NOI $73,899 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,054
Businesses Nearby
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Single-level commercial property with adaptable office areas, retail functionality, natural light, and on-site parking.
Where is this mixed-use property 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: 4,656‑square‑foot single‑level office and retail building; 0.22‑acre property in the Grants Pass Central Business District; 16 on‑site parking spaces with parking lot and alley access
