Corner Office
For Sale
$597,000
233 NE B Street, Grants Pass, OR 97526
Two-level office property with private suites, shared work areas, storage, and separate access to each floor.
Property Size4,800 SF
Price / SF$124.38
Days on Market236
Property Features for 233 NE B Street
General Information
Standard status
Active
Size
4,800 SF
Total Parking Spaces
13
Property subtype
Commercial
Zoning
R-4
Taxes and HOA fees
Annual Taxes
$4,907
Building Details
Building Size
4,800 SF
Year Built
1976
Stories
2
Units
2
Listing Agency:
John L Scott Real Estate Grants Pass
(541) 659-2662
Listed By:
Anne Anderson · License #200802201
(541) 659-2662
Source:
Allprofessionalsre
Added: Dec 11, 2025
Changed: Aug 3
Last Checked: Aug 3 at 4:49AM
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 John L Scott Real Estate Grants Pass
Investment Insights
Based on property information with market context.
Built in 1976, this 4,800-square-foot office building occupies a corner lot and provides a two-level configuration for professional office use. The interior includes private and shared offices, multiple suites, restrooms, storage areas, a lunchroom, and a private ground-floor lobby. A common vestibule provides distinct access to the upper and lower levels, while an exterior staircase offers an additional route between floors.
The property includes 13 parking spaces, with additional parking nearby, and is located at 233 NE B Street in Grants Pass, Oregon. Existing leases are in place. Zoning is R-4.
The property includes 13 parking spaces, with additional parking nearby, and is located at 233 NE B Street in Grants Pass, Oregon. Existing leases are in place. Zoning is R-4.
Key Highlights
- 4,800 sq ft office building constructed in 1976
- Corner lot at 233 NE B Street, Grants Pass, OR 97526
- 13 parking spaces plus additional parking nearby
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 | $80.6k | $16.80 |
| − Vacancy | −$7.7k | −$1.60 |
| EGI | $73.0k | $15.20 |
| − OpEx | −$18.2k | −$3.80 |
| NOI | $54.7k | $11.40 |
4,800 SF · lease $16.80/SF/yr · vacancy 9.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$781.9K
$684.2K – $912.2K
NOI $54,734 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$952.3K – $1.27M
NOI $76,184 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,228
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
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Frequently Asked Questions
What type of property is this?
Office building - Two-level office property with private suites, shared work areas, storage, and separate access to each floor.
Where is this office building located?
The property is located at 233 NE B Street Grants Pass, OR.
What is the asking price?
The asking price for this property is $597,000.
What are key features of this property?
This property features: 4,800 sq ft office building constructed in 1976; Corner lot at 233 NE B Street, Grants Pass, OR 97526; 13 parking spaces plus additional parking nearby
