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    Multi-tenant Retail Center and Lots Title is generated by Realmo AI

    212 S 1st Avenue, Chiloquin, OR 97624

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    For Sale
    $599,000

    COMMERCIAL - Chiloquin, OR

    Property size:
    10,000 SF
    Lot size:
    1.41 Acres
    Price / SF:
    $59/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 12:06 pm

    Property Features for 212 S 1st Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Window features
    Double Pane Windows, Aluminum Frames
    Standard status
    Active
    APN
    203176
    Size
    10,000 SF
    Lot size
    1.41 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    952

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Number of units
    7
    Flooring type
    Vinyl, Concrete, Laminate
    Building materials
    Block, Frame
    Roof type
    Membrane

    We can help!

    Listing Contact
    Leah Ghielmetti

    Listing agent Leah Ghielmetti License #201241965

    Listing office Crater Lake Realty,Inc. 33550 N Highway 97, Chiloquin, OR

    Listing date Jun 4, 2026

    MLS# 220222771

    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

    • 1.41‑acre downtown Chiloquin single‑level, multi‑tenant commercial center with 7 fully occupied units
    • Anchored by long‑term tenants including the U.S. Post Office and the new Chiloquin Grill
    • Sale includes 6 total lots, with 3 vacant lots for potential future commercial development
    • Central air and forced‑air heating; public water and public sewer
    • Parking lot on‑site; roof type is membrane
    • Construction materials include block and frame

    Overview

    This single-level, multi-tenant retail center totals 10,000 square feet on 1.41 acres and includes 7 fully occupied units. The property is described as having long-term anchor tenants, including the U.S. Post Office and the Chiloquin Grill. The sale includes 6 lots in total, with 3 remaining vacant to support future commercial development.

    Located in downtown Chiloquin at 212 S 1st Avenue, the site is positioned for visibility within the community and offers dedicated parking. The property is also presented as benefiting from local and visitor activity associated with the area’s recreation and attractions.

    For tenants, the mix of occupied retail space and the availability of additional lots may support businesses seeking an established downtown environment. For buyers and operators, the structure provides an income-producing multi-unit center with the added flexibility of vacant land onsite for expansion or complementary commercial uses, subject to applicable approvals.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Potbelly Cafe Cafe & Coffee Shop

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Dental Office Hotel & Motel Kitchen & Bath Showroom Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chiloquin
    County
    Klamath
    State
    Oregon
    Longitude
    -121.864288
    Latitude
    42.574814

    Nearby Similar for Sale

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      14,500 SF

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      View Details
    • $1,000,000
      672 SF

      Williamson River Frontage Farm

      304 acre farm with 3200 feet of river frontage.
      31130 Modoc Point Road, Chiloquin, OR 97624
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    FAQs

    What type of property is this?
    Shopping center - Single-level downtown retail center with dedicated parking, multiple occupied units, and vacant lots for future development.
    Where is this shopping center located?
    The property is located at 212 S 1st Avenue Chiloquin, OR.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: 1.41‑acre downtown Chiloquin single‑level, multi‑tenant commercial center with 7 fully occupied units; Anchored by long‑term tenants including the U.S. Post Office and the new Chiloquin Grill; Sale includes 6 total lots, with 3 vacant lots for potential future commercial development
    (541) 231-8712
    We can help!
    Listing Contact
    Leah Ghielmetti
    Real Estate License ID: 201241965
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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