Detached Garage and Manufactured
For Sale
$299,000
4618 Redwood Avenue, Grants Pass, OR 97527
Commercial Sale, Grants Pass, OR
Property Size1,918 SF
Lot Size1.79 Acres
Price / SF$155.89
Days on Market94
Property Features for 4618 Redwood Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
RC
Parking features
RV
Interior features
Laminate Counters
Lot features
Corner Lot
View
Territorial
Directions
Redwood Ave to address (The corner of Redwood Ave and Rounds Ave)
Standard status
Active
APN
R320502
Size
1,918 SF
Lot size
1.79 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
832
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Forced Air, Wood
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Private, Well
Building Details
Year built
1976
Floors in Building
1
Number of units
2
Flooring type
Concrete, Carpet, Vinyl
Building materials
Frame
Roof type
Metal, Composition
Listing Agency:
Keller Williams Realty GP Branch
(541) 608-0447
Listed By:
Charley Waddington
(541) 659-9072
Added: Jul 20
Changed: Oct 20
Last Checked: Oct 21 at 9:06AM
MLS# 220225689
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property includes a detached garage/shop with a bathroom and two bay sliding doors, with a stated approximate size of 1,008 square feet. Also on site is a 1976 manufactured home with two bedrooms and one bathroom, stated approximate size of 910 square feet, which has been well cared for and is currently rented. The property is configured on one tax lot but has two addresses: 4618 for the garage/shop and 4620 for the manufactured home.
The site is described as corner, at street level, with rural commercial zoning that allows for commercial uses along with a residential dwelling on the property. The parcel totals 1.79 acres and includes a private well, two septic systems, and three electric meters. A partial paved driveway serves the manufactured home.
Interested buyers should complete their own due diligence regarding their intended uses of the property. County approval for two prior manufactured homes is referenced in the remarks, with one removed before the current owner’s purchase.
The site is described as corner, at street level, with rural commercial zoning that allows for commercial uses along with a residential dwelling on the property. The parcel totals 1.79 acres and includes a private well, two septic systems, and three electric meters. A partial paved driveway serves the manufactured home.
Interested buyers should complete their own due diligence regarding their intended uses of the property. County approval for two prior manufactured homes is referenced in the remarks, with one removed before the current owner’s purchase.
Key Highlights
- 1.79‑acre corner property zoned rural commercial with options for commercial uses and a residential dwelling.
- Detached garage/business/shop/workshop approx. 1,008 SF with a bathroom and two bays with bay‑sliding doors.
- 1976 manufactured home approx. 910 SF with 2 bedrooms, 1 bathroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,204
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,080
$344.1K
Cap Rate 7%
$245,771
$245.8K
Cap Rate 9%
$191,156
$191.2K
Market Conditions
NOI Build-Up for 1,918 SF
Gross rent
$29.9K $15.60/SF
− Vacancy
−$2.4K −$1.25/SF
EGI
$27.5K $14.35/SF
− OpEx
−$10.3K −$5.38/SF
NOI
$17.2K $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%
$344,080
Cap Rate 7%
$245,771
Cap Rate 9%
$191,156
Alternative Uses
Best Use
Mixed Use
$245.8K
$215.1K – $286.7K
NOI $17,204 @ 7.0% cap · market cap 5.75%
Second Best
Flex RnD
$226.1K
$197.9K – $263.8K
NOI $15,828 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$434.9K
$380.5K – $507.4K
NOI $30,442 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Water rights
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 97527, OR
36,358
Population
15,481
Households
2.3
Avg Household Size
49
Median Age
19%
College-Educated
90%
High-School Grad
219.8 sq mi
ZIP Area
165
Density / Sq Mi
$66,396
Median Household Income
$35,825
Median Earnings
$1,350
Median Rent
$408,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Detached garage/shop with two sliding bays and bathroom, plus a rented manufactured home on a 1.79-acre corner parcel.
Where is this mixed-use property located?
The property is located at 4618 Redwood Avenue Grants Pass, OR.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1.79‑acre corner property zoned rural commercial with options for commercial uses and a residential dwelling.; Detached garage/business/shop/workshop approx. 1,008 SF with a bathroom and two bays with bay‑sliding doors.; 1976 manufactured home approx. 910 SF with 2 bedrooms, 1 bathroom.
