Commercial Building in Downtown
424 NW 6th Street Grants Pass, OR 97526
For Sale
$955,000
COMMERCIAL - Grants Pass, OR
Property Size7,250 SF
Lot Size0.17 Acres
Price / SF$131.72
Days on Market115
Property Features for 424 NW 6th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- On Street
- Interior features
- Ceiling Fan(s), Vaulted Ceiling(s)
- 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
(541) 955-8483
Listed By:
Michael D Masters · License #801004242
(541) 770-3325
Added: Apr 2
Changed: Jun 8
Last Checked: Jul 25 at 1:06AM
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 commercial building, located in downtown Grants Pass, Oregon, features three separate storefronts, each with its own meter. The property is situated on a corner lot with a traffic signal. The building has a new roof and a history of good rental income and tenant mix. The property size is 7,250 square feet, situated on a 0.17-acre lot. It is suitable for investors or a future owner-occupant. The property is located in the downtown corridor.
Key Highlights
- Excellent Cap Rate: Provides a great return on investment.
- Three Separate Storefronts: Offers multiple income streams with separate meters.
- Solid Leases: Ensures stable and reliable rental income.
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Martins Sign & Print ...
(Bike/Boat/Book/etc) Store
Kim's Hair Cutting ...
Hair Salon
Oregon Law Center
Social Service Agency
Smokeless Solutions Vape ...
(Bike/Boat/Book/etc) Store
The Hairport
Hair Salon
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
FAQs
What type of property is this?
Storefront property - Three storefronts with solid leases in downtown Grants Pass.
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: Excellent Cap Rate: Provides a great return on investment.; Three Separate Storefronts: Offers multiple income streams with separate meters.; Solid Leases: Ensures stable and reliable rental income.
