Modern Industrial Facility on Redwood
For Sale
Contact for pricing
30073 Redwood Hwy, Cave Junction, OR 97523
Purpose-built 3,060 SF industrial facility on 1.38 acres.
Property Size3,060 SF
Lot Size1.38 Acres
Price / SF$277.78
Days on Market176
Property Features for 30073 Redwood Hwy
General Information
Standard status
Active
Size
3,060 SF
Lot size
1.38 Acres
Property subtype
Retail
Zoning
Ri; Rural Indust
Building Details
Year Built
2019
Units
1
Listing Agency:
eXp Realty in Oregon
(541) 951-9281
Listed By:
China Rose · License #201218988
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 12 at 7:28AM
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 eXp Realty in Oregon
Investment Insights
Based on property information with market context.
Located on Redwood Highway, this industrial facility offers a rare opportunity in Southern Oregon's Illinois Valley. Constructed in 2019, the 3,060 square foot commercial building is situated on 1.38 fenced acres. The Rural Industrial zoning allows for various business uses, including research, production, light manufacturing, processing, and laboratory operations. The building features professional laboratory infrastructure, specialized chemical storage rooms, modern HVAC systems, and high-capacity electrical service with 3-phase power and a backup diesel generator. The property provides security and functionality with gated access, ample parking, paved access, and a level usable yard suitable for additional operational infrastructure. The location off Redwood Highway (US-199) offers strong regional access while maintaining privacy and operational flexibility. The property is suitable for research labs, cannabis processors, agricultural tech companies, specialty manufacturing, distribution, or industrial flex operations. The facility spans 3,060 square feet on a single level, providing efficient workflow between office, lab, and operational spaces. The interior includes professional-grade infrastructure designed to support laboratory environments, including specialized ventilation, chemical storage compliance areas, and modern climate control systems. The electrical system includes 3-phase power, supporting commercial equipment and manufacturing applications. The property's location provides convenient access to Grants Pass, Medford, and Northern California, making it a strategic base for regional operations. The property is located minutes from downtown Cave Junction and approximately 30 minutes from Grants Pass. The Redwood Highway provides direct access to Interstate 5.
Key Highlights
- Modern 3,060 SF industrial building constructed in 2019 with professional laboratory infrastructure.
- 1.38‑acre fully fenced site with Rural Industrial zoning allowing for diverse business uses.
- Equipped with 3‑phase power and a backup diesel generator for reliable operations.
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
$25,252
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
2.97%
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%
$505,040
$505.0K
Cap Rate 7%
$360,743
$360.7K
Cap Rate 9%
$280,578
$280.6K
Market Conditions
NOI Build-Up for 3,060 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
$42.2K $13.80/SF
− Vacancy
−$3.4K −$1.10/SF
EGI
$38.8K $12.70/SF
− OpEx
−$13.6K −$4.44/SF
NOI
$25.3K $8.25/SF
Area
Josephine County, OR
Vacancy
8.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
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%
$505,040
Cap Rate 7%
$360,743
Cap Rate 9%
$280,578
Alternative Uses
Best Use
Flex RnD
$360.7K
$315.7K – $420.9K
NOI $25,252 @ 7.0% cap · market cap 2.97%
Second Best
Industrial
$270.4K
$236.6K – $315.4K
NOI $18,925 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$693.8K
$607.1K – $809.5K
NOI $48,567 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Industrial 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?
Manufacturing property - Purpose-built 3,060 SF industrial facility on 1.38 acres.
Where is this manufacturing property located?
The property is located at 30073 Redwood Hwy Cave Junction, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Modern 3,060 SF industrial building constructed in 2019 with professional laboratory infrastructure.; 1.38‑acre fully fenced site with Rural Industrial zoning allowing for diverse business uses.; Equipped with 3‑phase power and a backup diesel generator for reliable operations.
