Mixed-Use Property with
For Sale
$535,000
411 NW E Street, Grants Pass, OR 97526
Office and activity areas are complemented by a separate residence and detached garage space.
Property Size2,519 SF
Lot Size0.34 Acres
Price / SF$212.39
Days on Market28
Property Features for 411 NW E Street
General Information
Standard status
Active
Size
2,519 SF
Lot size
0.34 Acres
Property subtype
COMMERCIAL
Zoning
R-4
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$230
Amenities
central air
heat pump
natural gas
fireplace heating
fenced grounds
courtyard
covered porch
Building Details
Building Size
2,519 SF
Year Built
1956
Listing Agency:
Millen Property Group
Listed By:
Patricia Millen · License #940200113
(541) 301-3435
Source:
Wholeheartrealty
Added: Oct 9
Changed: Nov 4
Last Checked: Nov 5 at 10:36AM
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 Millen Property Group
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Investment Insights
Based on property information with market context.
The 2,519-square-foot property occupies a 0.34-acre corner parcel and includes multiple office or activity rooms, central air, a heat pump, natural gas service, fireplace heating, and public water and sewer. A separate single-level residence has two bedrooms and one bathroom; both bedrooms are currently arranged as offices. Additional improvements include a detached two-car garage with shop space, a second detached garage, storage areas, a courtyard, covered porches, and fenced grounds.
The site is at 411 NW E Street in Grants Pass, Oregon, with alley access and multiple parking options. It is zoned R-4. Day care, office, or similar service uses are subject to City approval, and permitted or nonconforming uses require verification with the City of Grants Pass.
The site is at 411 NW E Street in Grants Pass, Oregon, with alley access and multiple parking options. It is zoned R-4. Day care, office, or similar service uses are subject to City approval, and permitted or nonconforming uses require verification with the City of Grants Pass.
Key Highlights
- 2,519‑square‑foot property on a 0.34‑acre corner parcel
- Separate single‑level residence with 2 bedrooms and 1 bathroom
- Detached 2‑car garage with shop space, plus a second detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,595
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,900
$451.9K
Cap Rate 7%
$322,786
$322.8K
Cap Rate 9%
$251,056
$251.1K
Market Conditions
NOI Build-Up for 2,519 SF
Gross rent
$39.3K $15.60/SF
− Vacancy
−$3.1K −$1.25/SF
EGI
$36.2K $14.35/SF
− OpEx
−$13.6K −$5.38/SF
NOI
$22.6K $8.97/SF
Area
Josephine County, OR
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,900
Cap Rate 7%
$322,786
Cap Rate 9%
$251,056
Alternative Uses
Best Use
Mixed Use
$322.8K
$282.4K – $376.6K
NOI $22,595 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$571.2K
$499.8K – $666.4K
NOI $39,981 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,972
Businesses Nearby
Explore this area
Business Placement
Demographics for 97526, OR
36,561
Population
15,987
Households
2.3
Avg Household Size
47
Median Age
20%
College-Educated
91%
High-School Grad
140.7 sq mi
ZIP Area
260
Density / Sq Mi
$57,103
Median Household Income
$35,685
Median Earnings
$1,076
Median Rent
$379,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and activity areas are complemented by a separate residence and detached garage space.
Where is this mixed-use property located?
The property is located at 411 NW E Street Grants Pass, OR.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 2,519‑square‑foot property on a 0.34‑acre corner parcel; Separate single‑level residence with 2 bedrooms and 1 bathroom; Detached 2‑car garage with shop space, plus a second detached garage
