Industrial Flex Building with Living
For Sale
$299,000
2693 Pleasant Valley Road, Merlin, OR 97532
Rural industrial zoning accompanies workshop space, three-phase power, and an attached apartment.
Property Size2,476 SF
Price / SF$120.76
Days on Market37
Property Features for 2693 Pleasant Valley Road
General Information
Standard status
Active
Size
2,476 SF
Property subtype
Commercial
Zoning
Ri; Rural Indust
Additional Details
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$805
Building Details
Building Size
2,476 SF
Year Built
1955
Stories
1
Units
2476
Listing Agency:
John L Scott Real Estate Grants Pass
(541) 476-1299
Listed By:
Dan T Heater · License #790200131
(541) 441-1391
Source:
Desertskyrealestate
Added: Sep 26
Changed: Oct 27
Last Checked: Oct 29 at 8:27PM
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
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Investment Insights
Based on property information with market context.
This 2,476-square-foot flex property combines industrial workspace with an apartment featuring a bedroom, kitchen, and three-quarter bath. The main shop has ceilings over 16 feet, a tall roll-up door, and a heavy-duty hoist on steel rails extending the length of the building. An attached side shop offers 12-foot ceilings and a separate roll-up door opening to a covered, slab-floored area. The building was constructed in 1955.
Zoning is Ri; Rural Indust. Three-phase service and additional power availability support a range of industrial equipment needs.
Zoning is Ri; Rural Indust. Three-phase service and additional power availability support a range of industrial equipment needs.
Key Highlights
- 2,476‑square‑foot flex property with apartment
- Main shop features ceilings over 16 feet, a tall roll‑up door, and a steel‑rail hoist running its length
- Attached side shop has 12‑foot ceilings and a roll‑up door opening to a covered area with a slab floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,210
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,200
$444.2K
Cap Rate 7%
$317,286
$317.3K
Cap Rate 9%
$246,778
$246.8K
Market Conditions
NOI Build-Up for 2,476 SF
Gross rent
$38.6K $15.60/SF
− Vacancy
−$3.1K −$1.25/SF
EGI
$35.5K $14.35/SF
− OpEx
−$13.3K −$5.38/SF
NOI
$22.2K $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%
$444,200
Cap Rate 7%
$317,286
Cap Rate 9%
$246,778
Alternative Uses
Best Use
Office B
$403.3K
$352.9K – $470.6K
NOI $28,234 @ 7.0% cap · market cap 9.44%
Second Best
Mixed Use
$317.3K
$277.6K – $370.2K
NOI $22,210 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$561.4K
$491.2K – $655.0K
NOI $39,298 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 97532, OR
2,480
Population
974
Households
2.5
Avg Household Size
53
Median Age
24%
College-Educated
87%
High-School Grad
84.4 sq mi
ZIP Area
29
Density / Sq Mi
$77,125
Median Household Income
$36,628
Median Earnings
$894
Median Rent
$417,700
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Rural industrial zoning accompanies workshop space, three-phase power, and an attached apartment.
Where is this flex space located?
The property is located at 2693 Pleasant Valley Road Merlin, OR.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,476‑square‑foot flex property with apartment; Main shop features ceilings over 16 feet, a tall roll‑up door, and a steel‑rail hoist running its length; Attached side shop has 12‑foot ceilings and a roll‑up door opening to a covered area with a slab floor
