Two-Unit Mixed-Use
237 SE G Street, Grants Pass, OR 97526
For Sale
New
$635,000
Both vacant suites have distinct layouts, with offices and gathering areas in one and a café-style setup in the other.
Property Size5,000 SF
Price / SF$127
Days on Market2
Property Features for 237 SE G Street
General Information
Standard status
Size
Building Details
Tenancy
Listing Agency:
Realty Net of Central Oregon
Listed By:
Greg D. Messick · License OR #200202047
(503) 300-6330
Source:
Gatewayteam
Added: Nov 8
Last Checked: Nov 8 at 4:26AM
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 Realty Net of Central Oregon
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Investment Insights
Based on property information with market context.
This 5,000-square-foot mixed-use building at 237 SE G Street in downtown Grants Pass contains two vacant units. The 3,500-square-foot suite has three private offices, three restrooms, two large gathering areas, and a prep kitchen. The 1,500-square-foot unit includes a dining area, kitchen, break room, and two restrooms; it is configured as a coffee and boba shop.
Improvements include updated building systems, flooring, kitchens, restrooms, HVAC, plumbing, electrical, paint, and exterior work. The roof was replaced in 2021. The property is on G Street in a well-traveled downtown area, with access to parking, services, and amenities. The stated pro forma cap rate is 7.25%+.
Improvements include updated building systems, flooring, kitchens, restrooms, HVAC, plumbing, electrical, paint, and exterior work. The roof was replaced in 2021. The property is on G Street in a well-traveled downtown area, with access to parking, services, and amenities. The stated pro forma cap rate is 7.25%+.
Key Highlights
- Two‑unit building totaling 5,000 SF
- 3,500 SF unit includes 3 private offices, 3 restrooms, 2 gathering spaces, and a prep kitchen
- 1,500 SF unit has a dining area, kitchen, break room, and 2 restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,850
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,000
$897.0K
Cap Rate 7%
$640,714
$640.7K
Cap Rate 9%
$498,333
$498.3K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$78.0K $15.60/SF
− Vacancy
−$6.2K −$1.25/SF
EGI
$71.8K $14.35/SF
− OpEx
−$26.9K −$5.38/SF
NOI
$44.9K $8.97/SF
Area
Josephine County, OR
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,000
Cap Rate 7%
$640,714
Cap Rate 9%
$498,333
Alternative Uses
Best Use
Mixed Use
$640.7K
$560.6K – $747.5K
NOI $44,850 @ 7.0% cap · market cap 7.06%
Second Best
Retail
$620.4K
$542.9K – $723.8K
NOI $43,428 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$1.13M
$992.0K – $1.32M
NOI $79,358 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,953
Businesses Nearby
148k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 28%
Home Improvements & Furnishings 25%
Shops & Services 25%
Groceries 20%
The Home Depot
Home Improvements & Furnishings
37,587 visits/mo
0.5 miles
Safeway
Groceries
30,286 visits/mo
0.1 miles
Dutch Bros. Coffee
Dining
14,794 visits/mo
0.2 miles
7-Eleven
Shops & Services
7,839 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
7,322 visits/mo
0.3 miles
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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Both vacant suites have distinct layouts, with offices and gathering areas in one and a café-style setup in the other.
Where is this mixed-use property located?
The property is located at 237 SE G Street Grants Pass, OR.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Two‑unit building totaling 5,000 SF; 3,500 SF unit includes 3 private offices, 3 restrooms, 2 gathering spaces, and a prep kitchen; 1,500 SF unit has a dining area, kitchen, break room, and 2 restrooms
