Live/Work Property with
3203 Old Midland Road Klamath Falls, OR 97603
For Sale
$630,000
Includes a 3-bedroom residence plus attached commercial space with vintage bar, multiple baths, and workshop with vehicle lift.
Lot Size8.97 Acres
Days on Market36
Property Features for 3203 Old Midland Road
General Information
Standard status
Active
Lot size
8.97 Acres
Property subtype
Commercial
Listing Agency:
Fisher Nicholson Realty, LLC
(541) 891-5078
Listed By:
Jerrie Reddell · License #910600113
(541) 891-5078
Source:
Allprofessionalsre
Added: Jun 25
Changed: Jul 26
Last Checked: Jul 29 at 12:47PM
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 Fisher Nicholson Realty, LLC
Investment Insights
Based on property information with market context.
This versatile live/work property combines a 3-bedroom, 1-bath residence (with a bonus room) with extensive attached commercial space. The residence is equipped with gas heat and central A/C. Within the commercial portion, you’ll find a second kitchen, a vintage bar featuring 3 keg taps, a woodstove, two large retail/event rooms, 2.5 additional baths, and extensive storage.
The property also includes a large workshop with a vehicle lift, carports, and a separate storage building, all set on approximately 8.97 acres at 3203 Old Midland Road in Klamath Falls, OR. The commercial space has previously been used for a grocery and gift shop, along with bar service, making the overall layout well-suited to owner-operator or multi-purpose use.
The property also includes a large workshop with a vehicle lift, carports, and a separate storage building, all set on approximately 8.97 acres at 3203 Old Midland Road in Klamath Falls, OR. The commercial space has previously been used for a grocery and gift shop, along with bar service, making the overall layout well-suited to owner-operator or multi-purpose use.
Key Highlights
- 8.97‑acre multi‑use property with a 3‑bedroom, 1‑bath residence plus bonus room and attached commercial space
- Residence features gas heat and central A/C
- Attached commercial area includes second kitchen, vintage bar with 3 keg taps, and woodstove
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.0k | $16.80 |
| − Vacancy | −$12.0k | −$3.36 |
| EGI | $48.0k | $13.44 |
| − OpEx | −$12.0k | −$3.36 |
| NOI | $36.0k | $10.08 |
3,573 SF · lease $16.80/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$514.5K
$450.2K – $600.3K
NOI $36,016 @ 7.0% cap · market cap 5.72%
Second Best
Specialty Retail
$500.8K
$438.2K – $584.3K
NOI $35,058 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$730.3K
$639.0K – $852.0K
NOI $51,122 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Includes a 3-bedroom residence plus attached commercial space with vintage bar, multiple baths, and workshop with vehicle lift.
Where is this live-work space located?
The property is located at 3203 Old Midland Road Klamath Falls, OR.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: 8.97‑acre multi‑use property with a 3‑bedroom, 1‑bath residence plus bonus room and attached commercial space; Residence features gas heat and central A/C; Attached commercial area includes second kitchen, vintage bar with 3 keg taps, and woodstove
