Restaurant Retail Suite with Plaza
For Sale
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2321 Ashland St #101, Ashland, OR 97520
In-line space with dining, food-preparation, storage, and restroom improvements within a landscaped shopping center setting.
Property Size1,800 SF
Days on Market88
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Property Features for 2321 Ashland St #101
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
expansive pedestrian walkway
abundant greenery
Building Details
Year Built
1990
Tenancy
Multi
Listing Agency:
Holder Realty
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Jul 20
Changed: Oct 15
Last Checked: Oct 14 at 10:51PM
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 Holder Realty
Investment Insights
Based on property information with market context.
Suite #101 is an 1,800-square-foot in-line retail space at 2321 Ashland St in Ashland, Oregon. The existing configuration includes a dining area, kitchen and preparation area, cold storage, and two restrooms. Direct exposure to the plaza provides visibility from the center’s pedestrian walkway, which is bordered by greenery.
The suite is part of Tolman Creek Plaza, a shopping center located nearly adjacent to direct I-5 access. The property was built in 1990 and sits within a center that includes both in-line and freestanding retail spaces, along with an existing tenant mix and other openings.
The suite is part of Tolman Creek Plaza, a shopping center located nearly adjacent to direct I-5 access. The property was built in 1990 and sits within a center that includes both in-line and freestanding retail spaces, along with an existing tenant mix and other openings.
Key Highlights
- 1,800 SF in‑line retail suite at 2321 Ashland St #101
- Restaurant configuration with dining area, kitchen/prep area, and cold storage
- Two restrooms included within the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,903
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,060
$498.1K
Cap Rate 7%
$355,757
$355.8K
Cap Rate 9%
$276,700
$276.7K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$38.9K $21.60/SF
− Vacancy
−$3.3K −$1.84/SF
EGI
$35.6K $19.76/SF
− OpEx
−$10.7K −$5.93/SF
NOI
$24.9K $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 Rate 5%
$498,060
Cap Rate 7%
$355,757
Cap Rate 9%
$276,700
Alternative Uses
Best Use
Specialty Retail
$380.0K
$332.5K – $443.3K
NOI $26,598 @ 7.0% cap · market cap 886,600.00%
Second Best
Retail
$355.8K
$311.3K – $415.1K
NOI $24,903 @ 7.0% cap · market cap 830,100.00%
Theoretical Best
Office A
$434.5K
$380.2K – $506.9K
NOI $30,413 @ 7.0% cap · market cap 1,013,766.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
131k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Groceries 18%
Dining 10%
Hotels & Casinos 5%
Albertsons
Groceries
23,230 visits/mo
0.0 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
0.2 miles
Taco Bell
Dining
12,148 visits/mo
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - In-line space with dining, food-preparation, storage, and restroom improvements within a landscaped shopping center setting.
Where is this retail space located?
The property is located at 2321 Ashland St #101 Ashland, OR.
What are key features of this property?
This property features: 1,800 SF in‑line retail suite at 2321 Ashland St #101; Restaurant configuration with dining area, kitchen/prep area, and cold storage; Two restrooms included within the suite
