Fully Leased Shopping
For Sale
$12,000,000
Pending
2280 Ashland Street, Ashland, OR 97520
Retail center with ground-lease pads, development land, and an approved drive-through permit.
Property Size63,311 SF
Lot Size8.95 Acres
Days on Market51
Property Features for 2280 Ashland Street
General Information
Standard status
Pending
Size
63,311 SF
Lot size
8.95 Acres
Occupancy
100%
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$33,110
Building Details
Year Built
1979
Tenancy
Multi
Listing Agency:
(541) 330-0588
Listed By:
Total Real Estate Group
(541) 330-0588
Source:
Total-property.idxbroker
Added: Jul 10
Changed: Aug 29
Last Checked: Aug 29 at 11:07AM
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 Total Real Estate Group
Investment Insights
Based on property information with market context.
This 8.95-acre shopping center contains 63,311 sqft of leasable retail space, two ground-lease pads, and excess land identified for additional development. The center was built in 1979 and is 100% leased, with a drive-through permit serving as an established site feature.
Located at 2280 Ashland Street in Ashland, Oregon, the property occupies a hard corner along Ashland Street, also designated OR Hwy 66. Approximately 765 lineal feet of road frontage provide exposure along the arterial. The site is about 2 miles from Ashland’s downtown core, 1 mile from Southern Oregon University, and ¼ mile from the I-5 interchange.
Located at 2280 Ashland Street in Ashland, Oregon, the property occupies a hard corner along Ashland Street, also designated OR Hwy 66. Approximately 765 lineal feet of road frontage provide exposure along the arterial. The site is about 2 miles from Ashland’s downtown core, 1 mile from Southern Oregon University, and ¼ mile from the I-5 interchange.
Key Highlights
- 100% leased shopping center on an 8.95‑acre site
- 63,311 sqft of leasable retail space
- Two ground‑lease pads included
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
$875,895
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
7.30%
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%
$17,517,900
$17.5M
Cap Rate 7%
$12,512,786
$12.5M
Cap Rate 9%
$9,732,167
$9.7M
Market Conditions
NOI Build-Up for 63,311 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
$1.37M $21.60/SF
− Vacancy
−$116.2K −$1.84/SF
EGI
$1.25M $19.76/SF
− OpEx
−$375.4K −$5.93/SF
NOI
$875.9K $13.83/SF
Area
Jackson County, OR
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$17,517,900
Cap Rate 7%
$12,512,786
Cap Rate 9%
$9,732,167
Alternative Uses
Best Use
Retail
$12.51M
$10.95M – $14.60M
NOI $875,895 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.28M
$13.37M – $17.83M
NOI $1,069,703 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
131k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Groceries 18%
Dining 10%
Hotels & Casinos 5%
Albertsons
Groceries
23,230 visits/mo
0.2 miles
Chevron
Shops & Services
18,327 visits/mo
0.4 miles
ARCO
Shops & Services
17,679 visits/mo
0.2 miles
Bi-Mart
Shops & Services
17,175 visits/mo
0.1 miles
Taco Bell
Dining
12,148 visits/mo
0.0 miles
Demographics for 97520, OR
25,970
Population
13,964
Households
1.9
Avg Household Size
47
Median Age
61%
College-Educated
96%
High-School Grad
328.8 sq mi
ZIP Area
79
Density / Sq Mi
$71,485
Median Household Income
$31,869
Median Earnings
$1,360
Median Rent
$568,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with ground-lease pads, development land, and an approved drive-through permit.
Where is this shopping center located?
The property is located at 2280 Ashland Street Ashland, OR.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: 100% leased shopping center on an 8.95‑acre site; 63,311 sqft of leasable retail space; Two ground‑lease pads included
