Live-Work Space with Industrial
2693 Pleasant Valley Road, Merlin, OR 97532
For Sale
$299,000
Commercial Sale, Merlin, OR
Property Size2,476 SF
Lot Size0.57 Acres
Price / SF$120.76
Days on Market50
Property Features for 2693 Pleasant Valley Road
General Information
Property type
Property subtype
Zoning description
Parking features
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
John L Scott Real Estate Grants Pass · John L. Scott
(541) 476-1299
Listed By:
Dan T Heater · License OR #790200131
(541) 441-1391
Added: Sep 26
Changed: Oct 31
Last Checked: Nov 14 at 12:06AM
MLS# 220229233
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,476-square-foot live-work property sits on 0.57 acres and includes an apartment with 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 that run the length of the building. A second shop area has 12-foot ceilings and its own roll-up door, opening to a covered, slab-floored area. The property is zoned Rural Industrial and was built in 1955.
Power includes three-phase service. The building has concrete flooring, wood heat, and a composition roof; water is supplied by a well, and the property uses a septic system. Gated driveway and carport parking are also present.
Power includes three-phase service. The building has concrete flooring, wood heat, and a composition roof; water is supplied by a well, and the property uses a septic system. Gated driveway and carport parking are also present.
Key Highlights
- 2,476‑square‑foot building on 0.57 acres
- Main shop has 16+ft ceiling, tall roll‑up door, and heavy‑duty hoist on steel rails
- Attached shop room has 12 ft ceilings and a roll‑up door
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - A separate apartment and shop areas support working and living on one property.
Where is this live-work 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 building on 0.57 acres; Main shop has 16+ft ceiling, tall roll‑up door, and heavy‑duty hoist on steel rails; Attached shop room has 12 ft ceilings and a roll‑up door
