Multi-Tenant Retail Storefront
For Sale
$955,000
424 NW 6th Street, Grants Pass, OR 97526
COMMERCIAL - Grants Pass, OR
Property Size7,250 SF
Lot Size0.17 Acres
Price / SF$131.72
Days on Market123
Property Features for 424 NW 6th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Cbd; Central Bus Dist
Parking features
On Street
Interior features
Ceiling Fan(s), Vaulted Ceiling(s)
Directions
6th St to address
Standard status
Active
APN
R312474
Size
7,250 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6439
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1976
Floors in Building
1
Number of units
3
Flooring type
Concrete
Building materials
Brick, Concrete, Frame
Roof type
Rolled Hot Mop
Listing Agency:
RE/MAX Integrity Grants Pass · RE/MAX International
(541) 955-8483
Listed By:
Michael D Masters · License #801004242
(541) 770-3325
Added: Apr 2
Changed: Aug 1
Last Checked: Aug 2 at 11:06AM
MLS# 220218452
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 multi-tenant retail storefront building includes three separate storefronts with separate meters. The property is served by public water and public sewer, with natural gas forced-air heating and central air conditioning. Interior features include ceiling fans and vaulted ceilings, and flooring is concrete. Construction materials include brick, concrete, and frame elements, and the roof is rolled hot mop. Parking is on-street.
The building sits on a 0.17-acre lot at 424 NW 6th Street in Grants Pass, Oregon, in the downtown corridor. The corner location includes a traffic signal at the property.
Built in 1976, the building has a rolled hot mop roof and includes a stated new roof. The property has a good rental history and a tenant mix, with separate storefronts supporting multiple occupants.
The building sits on a 0.17-acre lot at 424 NW 6th Street in Grants Pass, Oregon, in the downtown corridor. The corner location includes a traffic signal at the property.
Built in 1976, the building has a rolled hot mop roof and includes a stated new roof. The property has a good rental history and a tenant mix, with separate storefronts supporting multiple occupants.
Key Highlights
- Three separate storefronts with separate meters
- 0.17‑acre lot at 424 NW 6th Street in Grants Pass
- Downtown corner location with a traffic signal
Financial Insights For Retail
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 | $95.7k | $13.20 |
| − Vacancy | −$5.7k | −$0.79 |
| EGI | $90.0k | $12.41 |
| − OpEx | −$27.0k | −$3.72 |
| NOI | $63.0k | $8.69 |
7,250 SF · lease $13.20/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$899.6K
$787.1K – $1.05M
NOI $62,971 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,070 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,140
Businesses Nearby
94k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Groceries 32%
Shops & Services 32%
Safeway
Groceries
30,286 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
14,794 visits/mo
0.4 miles
Dollar Tree
Shops & Services
12,372 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
7,322 visits/mo
0.3 miles
Chevron
Shops & Services
5,820 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Blooms Flower Shop — 132 SW L St, Grants Pass, OR 97526
- Grants Pass Florist & Gifts (Judys) — 632 SW 6th St, Grants Pass, OR 97526
- Beyond the Garden Gate — Grants Pass, OR 97527
- Branches & Vine Floral — 778 NW 4th St, Grants Pass, OR 97526
Frequently Asked Questions
What type of property is this?
Storefront property - Three storefronts with separate meters and central air on a downtown corner lot with on-street parking.
Where is this storefront property located?
The property is located at 424 NW 6th Street Grants Pass, OR.
What is the asking price?
The asking price for this property is $955,000.
What are key features of this property?
This property features: Three separate storefronts with separate meters; 0.17‑acre lot at 424 NW 6th Street in Grants Pass; Downtown corner location with a traffic signal
