Mixed-Use Property with
29387 Redwood Highway, Cave Junction, OR 97523
For Sale
$355,000
A rural commercial site combines a five-bedroom home with a separate office configured with kennels and a dog wash area.
Property Size3,116 SF
Lot Size2.30 Acres
Price / SF$113.93
Days on Market38
Property Features for 29387 Redwood Highway
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Currently Operating
Property Use
Medical Specialty
Taxes and HOA fees
Annual Taxes
Amenities
kennels
dog wash/laundry room
Ceiling Fan(s)
Laminate Counters
High Speed Internet
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Kendon Leet Real Estate Inc
(541) 956-8582
Listed By:
Melanie Parton · License OR #201236452
(541) 840-1532
Source:
Kendonleet
Added: Oct 8
Changed: Nov 12
Last Checked: Nov 13 at 4:05AM
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 Kendon Leet Real Estate Inc
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Investment Insights
Based on property information with market context.
Set on 2.3 acres, this mixed-use property pairs a 2,220-square-foot, five-bedroom, two-bath home with an 896-square-foot office. The office includes kennels, a dog wash and laundry room, and a front office area. Rural commercial zoning supports the property's mixed-use configuration. The home was built in 1965 and has a newer roof and septic system, each reported as seven years old. A large deck has also been stained.
The property fronts Redwood Highway and is approximately 50 miles from the Oregon Coast. Two year-round ponds, two cherry trees, and mature ornamental landscaping are also on the grounds. A portion of the land is currently used for parking business activity.
The property fronts Redwood Highway and is approximately 50 miles from the Oregon Coast. Two year-round ponds, two cherry trees, and mature ornamental landscaping are also on the grounds. A portion of the land is currently used for parking business activity.
Key Highlights
- 2.3 acres with rural commercial zoning
- 2,220‑square‑foot, five‑bedroom, two‑bath home built in 1965
- Separate 896‑square‑foot office includes kennels, dog wash/laundry room, and front office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,951
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,020
$559.0K
Cap Rate 7%
$399,300
$399.3K
Cap Rate 9%
$310,567
$310.6K
Market Conditions
NOI Build-Up for 3,116 SF
Gross rent
$48.6K $15.60/SF
− Vacancy
−$3.9K −$1.25/SF
EGI
$44.7K $14.35/SF
− OpEx
−$16.8K −$5.38/SF
NOI
$28.0K $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%
$559,020
Cap Rate 7%
$399,300
Cap Rate 9%
$310,567
Alternative Uses
Best Use
Healthcare Medical
$530.7K
$464.3K – $619.1K
NOI $37,147 @ 7.0% cap · market cap 10.46%
Second Best
Office B
$507.6K
$444.2K – $592.2K
NOI $35,532 @ 7.0% cap · market cap 10.01%
Theoretical Best
Office A
$706.5K
$618.2K – $824.3K
NOI $49,456 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
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Business Placement
Demographics for 97523, OR
6,548
Population
3,606
Households
1.8
Avg Household Size
50
Median Age
18%
College-Educated
91%
High-School Grad
250.3 sq mi
ZIP Area
26
Density / Sq Mi
$45,960
Median Household Income
$27,227
Median Earnings
$1,239
Median Rent
$301,000
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A rural commercial site combines a five-bedroom home with a separate office configured with kennels and a dog wash area.
Where is this mixed-use property located?
The property is located at 29387 Redwood Highway Cave Junction, OR.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 2.3 acres with rural commercial zoning; 2,220‑square‑foot, five‑bedroom, two‑bath home built in 1965; Separate 896‑square‑foot office includes kennels, dog wash/laundry room, and front office space
