Improved Two-Unit Mixed-Use
For Sale
$650,000
239 SE G Street, Grants Pass, OR 97526
CBD-zoned property combines flexible vacant space with an existing leased component.
Property Size5,000 SF
Price / SF$130
Days on Market35
Property Features for 239 SE G Street
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Zoning
Central Bus Dis
Occupancy
30%
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$1,194
Amenities
private offices
restrooms
large gathering or event areas
prep kitchen
Building Details
Building Size
5,000 SF
Year Built
1961
Year Renovated
2023
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty Southern Oregon
(541) 450-4442
Listed By:
Melissa Hayes · License #201251085
(541) 450-4442
Source:
Allprofessionalsre
Added: Jul 6
Changed: Aug 9
Last Checked: Aug 9 at 2:23AM
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 Keller Williams Realty Southern Oregon
Investment Insights
Based on property information with market context.
This 5,000 SF mixed-use property is configured as two units, including 3,500 SF of vacant space and 1,500 SF leased to Taste & See Coffee & Boba through a sale-leaseback. The available portion includes three private offices, three restrooms, two large gathering or event areas, and a prep kitchen. The layout can accommodate retail, professional services, wellness, educational, and nonprofit or religious uses as supported by the existing configuration.
Located on SE G Street in the CBD near downtown Grants Pass, the property is near parking and 6th Street, with access to services, amenities, and public parking. Improvements include updated building systems, paint, LVP flooring, kitchens, restrooms, HVAC, plumbing, and electrical components, along with a 2021 roof and 2023 exterior work. Zoning is listed as Central Bus Dis.
Located on SE G Street in the CBD near downtown Grants Pass, the property is near parking and 6th Street, with access to services, amenities, and public parking. Improvements include updated building systems, paint, LVP flooring, kitchens, restrooms, HVAC, plumbing, and electrical components, along with a 2021 roof and 2023 exterior work. Zoning is listed as Central Bus Dis.
Key Highlights
- 5,000 SF two‑unit mixed‑use property with 3,500 SF vacant and 1,500 SF leased
- 1,500 SF leased to Taste & See Coffee & Boba through a sale‑leaseback
- Vacant space includes 3 private offices, 3 restrooms, and 2 large gathering areas
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
$56,984
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
8.77%
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%
$1,139,680
$1.1M
Cap Rate 7%
$814,057
$814.1K
Cap Rate 9%
$633,156
$633.2K
Market Conditions
NOI Build-Up for 5,000 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
$81.0K $16.20/SF
− Vacancy
−$5.0K −$1.00/SF
EGI
$76.0K $15.20/SF
− OpEx
−$19.0K −$3.80/SF
NOI
$57.0K $11.40/SF
Area
Josephine County, OR
Vacancy
6.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,139,680
Cap Rate 7%
$814,057
Cap Rate 9%
$633,156
Alternative Uses
Best Use
Office B
$814.5K
$712.7K – $950.3K
NOI $57,015 @ 7.0% cap · market cap 8.77%
Second Best
Specialty Retail
$814.1K
$712.3K – $949.7K
NOI $56,984 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$1.13M
$992.0K – $1.32M
NOI $79,358 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
30%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,889
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - CBD-zoned property combines flexible vacant space with an existing leased component.
Where is this mixed-use property located?
The property is located at 239 SE G Street Grants Pass, OR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 5,000 SF two‑unit mixed‑use property with 3,500 SF vacant and 1,500 SF leased; 1,500 SF leased to Taste & See Coffee & Boba through a sale‑leaseback; Vacant space includes 3 private offices, 3 restrooms, and 2 large gathering areas
