Manufacturing Building with Office
For Sale
$3,000,000
Pending
351 Rogue River Parkway, Talent, OR 97540
Commercial Sale, Talent, OR
Property Size33,000 SF
Lot Size3.89 Acres
Days on Market52
Property Features for 351 Rogue River Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
LI
Parking features
Parking Lot, RV
Security features
Security System
Interior features
Laminate Counters
Lot features
Level
Standard status
Pending
APN
10798431
Size
33,000 SF
Lot size
3.89 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
18145
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Hot Water(Heating), Natural Gas, Heat Pump (Heating)
Cooling system
Central Air, Whole House Fan
Water source
Public
Amenities
break rooms
picnic shelter
Building Details
Year built
1993
Floors in Building
1
Number of units
1
Flooring type
Carpet, Vinyl, Tile, Concrete
Building materials
Steel Frame
Roof type
Metal
Additional Structures
Storage
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
Jeff Johnson · License #200402091
(541) 941-6561
Added: Jul 9
Changed: Aug 28
Last Checked: Aug 29 at 10:06AM
MLS# 220224978
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 33,000-square-foot light industrial building in Talent includes 4,420 square feet of office and conference space alongside 28,580 square feet dedicated to manufacturing, design, and shipping. The steel-frame facility was built in 1993 and features insulation, multiple power and water stations, natural gas heaters, break rooms, storage areas, and separate restrooms. Heating systems include heat pumps, natural gas, hot water, and forced air; cooling is provided by central air and a whole-house fan.
The property occupies 3.89 acres and includes a 69-space parking lot, picnic shelter, rear yard storage, public water, and public sewer. A metal roof was installed in 2023. Located at 351 Rogue River Parkway in Talent, the facility offers access to I-5 and the Southern Oregon market, with LI light industrial zoning supporting its established industrial setting.
The property occupies 3.89 acres and includes a 69-space parking lot, picnic shelter, rear yard storage, public water, and public sewer. A metal roof was installed in 2023. Located at 351 Rogue River Parkway in Talent, the facility offers access to I-5 and the Southern Oregon market, with LI light industrial zoning supporting its established industrial setting.
Key Highlights
- 33,000 total square feet on 3.89 acres
- 4,420 sf of office and conference space
- 28,580 sf manufacturing, design, and shipping area
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
$210,469
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
7.02%
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%
$4,209,380
$4.2M
Cap Rate 7%
$3,006,700
$3.0M
Cap Rate 9%
$2,338,544
$2.3M
Market Conditions
NOI Build-Up for 33,000 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
$312.8K $9.48/SF
− Vacancy
−$12.2K −$0.37/SF
EGI
$300.7K $9.11/SF
− OpEx
−$90.2K −$2.73/SF
NOI
$210.5K $6.38/SF
Area
Jackson County, OR
Vacancy
3.89%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$4,209,380
Cap Rate 7%
$3,006,700
Cap Rate 9%
$2,338,544
Alternative Uses
Best Use
Flex RnD
$4.30M
$3.76M – $5.01M
NOI $300,836 @ 7.0% cap · market cap 10.03%
Second Best
Industrial
$3.01M
$2.63M – $3.51M
NOI $210,469 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$7.97M
$6.97M – $9.29M
NOI $557,568 @ 7.0% cap · market cap 18.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
Business Placement
Demographics for 97540, OR
8,234
Population
4,228
Households
1.9
Avg Household Size
45
Median Age
43%
College-Educated
97%
High-School Grad
45.0 sq mi
ZIP Area
183
Density / Sq Mi
$57,686
Median Household Income
$40,176
Median Earnings
$1,428
Median Rent
$427,900
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 - Light industrial facility combining administrative areas with production, shipping, storage, and warehouse functions.
Where is this manufacturing property located?
The property is located at 351 Rogue River Parkway Talent, OR.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 33,000 total square feet on 3.89 acres; 4,420 sf of office and conference space; 28,580 sf manufacturing, design, and shipping area
