Office Building with Conference
303 Pine St, Klamath Falls, OR 97601
For Sale
Contact for pricing
Five suites provide nine offices, with the option to lease the building together or by individual suite or office.
Property Size15,682 SF
Price / SF$0.27
Days on Market49
Property Features for 303 Pine St
General Information
Standard status
Size
Property subtype
Additional Details
Office Units
Amenities
shared conference room
kitchenettes
Building Details
Year Built
Listing Agency:
Century 21 North Homes Realty
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Sep 24
Changed: Nov 10
Last Checked: Nov 10 at 7:51AM
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 Century 21 North Homes Realty
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Investment Insights
Based on property information with market context.
The office building at 303 Pine St in downtown Klamath Falls contains four suites with two offices apiece and one additional suite with a single office. A shared conference room and two kitchenettes serve the building. Constructed in 1920, the property is offered for lease as a whole or in individual suites or offices.
Key Highlights
- Five suites with nine offices in total
- Shared conference room and two kitchenettes
- Lease the full building or individual suites or offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,075
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,161,500
$3.2M
Cap Rate 7%
$2,258,214
$2.3M
Cap Rate 9%
$1,756,389
$1.8M
Market Conditions
NOI Build-Up for 15,682 SF
Gross rent
$263.5K $16.80/SF
− Vacancy
−$52.7K −$3.36/SF
EGI
$210.8K $13.44/SF
− OpEx
−$52.7K −$3.36/SF
NOI
$158.1K $10.08/SF
Area
Klamath County, OR
Vacancy
20.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,161,500
Cap Rate 7%
$2,258,214
Cap Rate 9%
$1,756,389
Alternative Uses
Best Use
Office B
$2.26M
$1.98M – $2.63M
NOI $158,075 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.21M
$2.80M – $3.74M
NOI $224,376 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
1,205
Businesses Nearby
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Business Placement
Demographics for 97601, OR
23,264
Population
10,936
Households
2.1
Avg Household Size
40
Median Age
24%
College-Educated
88%
High-School Grad
577.8 sq mi
ZIP Area
40
Density / Sq Mi
$53,333
Median Household Income
$31,011
Median Earnings
$972
Median Rent
$266,500
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Five suites provide nine offices, with the option to lease the building together or by individual suite or office.
Where is this office building located?
The property is located at 303 Pine St Klamath Falls, OR.
What are key features of this property?
This property features: Five suites with nine offices in total; Shared conference room and two kitchenettes; Lease the full building or individual suites or offices
