Retail Space on Main
For Sale
Contact for pricing
507 Main St, Klamath Falls, OR
2,565 SF retail space for sale.
Property Size2,565 SF
Lot Size0.06 Acres
Price / SF$198.09
Days on Market411
Property Features for 507 Main St
General Information
Standard status
Active
Size
2,565 SF
Lot size
0.06 Acres
Property subtype
RETAIL
Listing Agency:
Hancock Real Estate
(503) 370-2581
Listed By:
Terry Hancock · License #200110013
Source:
Moodyscre
Added: Jun 18, 2025
Changed: Jul 6
Last Checked: Jul 22 at 3:41AM
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 Hancock Real Estate
Investment Insights
Based on property information with market context.
This is a 2,565 square foot retail space. It is zoned for general commercial use.
Key Highlights
- 2,565 SF of space
- Zoned General Commercial
- List price: $508,110
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 | $33.9k | $13.20 |
| − Vacancy | −$2.1k | −$0.82 |
| EGI | $31.8k | $12.38 |
| − OpEx | −$9.5k | −$3.71 |
| NOI | $22.2k | $8.67 |
2,565 SF · lease $13.20/SF/yr · vacancy 6.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$317.6K
$277.9K – $370.5K
NOI $22,231 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$524.3K
$458.8K – $611.7K
NOI $36,700 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail 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?
Retail space - 2,565 SF retail space for sale.
Where is this retail space located?
The property is located at 507 Main St Klamath Falls, OR.
What is the asking price?
The asking price for this property is $508,110.
What are key features of this property?
This property features: 2,565 SF of space; Zoned General Commercial; List price: $508,110
