Improved Commercial Corner
3350 S 6th St Klamath Falls, OR 97603
3350 S 6th St, Klamath Falls, OR, 97603
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For Sale
Contact for pricing
Prime commercial lot with improvements and income potential.
Property Size1,782 SF
Lot Size0.67 Acres
Price / SF$221.66
Days on Market1074
Property Features for 3350 S 6th St
General Information
- Standard status
- Active
- Size
- 1,782 SF
- Lot size
- 0.67 Acres
- Property subtype
- Retail, Office, Mixed Use
Listing Agency
Coldwell Banker Holman Premier Realty
(541) 891-0296
Listed by
Wendy Clark · License #OR
Source
Crexi
Added: Aug 9, 2023 Checked: Jul 15 at 1:14 pm
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 Coldwell Banker Holman Premier Realty
Investment Insights
Based on property information with market context.
This improved 2/3 acre corner lot features frontage on South 6th Street and is zoned for general commercial use. The property is fully paved and lighted and includes a large custom modular building that can either remain or be removed to accommodate other uses. A large signage structure is present on the property. The property benefits from income generated by an Outfront Media billboard lease. It has a DEQ Conditional No Further Action certification. The location offers excellent ingress and egress at a major intersection of Altamont and S. 6th, providing high visibility near the County Fair Grounds and other established businesses. The property is adjacent to the OC&E Trail. The file includes a full legal description, DEQ Conditional NFA, easement and equitable servitudes, economic reports, and average daily vehicle reports available upon request. The property contains a 1,782 square foot building.
Key Highlights
- High‑visibility corner lot with South 6th Street frontage zoned General Commercial.
- DEQ Conditional No Further Action (NFA) certification.
- Income‑generating Outfront Media billboard lease.
Local 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 | $29.9k | $16.80 |
| − Vacancy | −$6.0k | −$3.36 |
| EGI | $24.0k | $13.44 |
| − OpEx | −$6.0k | −$3.36 |
| NOI | $18.0k | $10.08 |
1,782 SF · lease $16.80/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$256.6K
$224.5K – $299.4K
NOI $17,963 @ 7.0% cap · market cap 4.55%
Second Best
Mixed Use
$230.8K
$202.0K – $269.3K
NOI $16,158 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$364.2K
$318.7K – $425.0K
NOI $25,497 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Prime commercial lot with improvements and income potential.
Where is this mixed-use property located?
The property is located at 3350 S 6th St Klamath Falls, OR.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: High‑visibility corner lot with South 6th Street frontage zoned General Commercial.; DEQ Conditional No Further Action (NFA) certification.; Income‑generating Outfront Media billboard lease.
