General Commercial Office
514 Walnut Ave Klamath Falls, OR 97601
For Sale
$375,000
Pending
Two-story office building with conference rooms, multiple offices, reception areas, and a fenced yard.
Property Size2,100 SF
Days on Market117
Property Features for 514 Walnut Ave
General Information
Standard status
Pending
Size
2,100 SF
Listing Agency:
Coldwell Banker Holman Premier
(541) 891-7704
Listed By:
Terry K Nash
(541) 891-7704
Source:
Exprealty
Added: Apr 2
Changed: Jul 23
Last Checked: Jul 26 at 7:28PM
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 Coldwell Banker Holman Premier
Investment Insights
Based on property information with market context.
This two-story office building is zoned General Commercial and includes two conference rooms, three offices, a break room/work room, and a large reception area. The layout also features one full bathroom, one half bathroom, and a full basement used for record storage. Additional amenities include a fenced yard for summer BBQs, and an alarm system with a basin alarm, plus a presently installed five phone line system.
The property is served by paved alley access and offers parking for five vehicles. Heating is provided via natural gas forced air.
The current configuration supports front-desk reception with multiple work offices and meeting space, with the basement providing additional storage capacity for records.
The property is served by paved alley access and offers parking for five vehicles. Heating is provided via natural gas forced air.
The current configuration supports front-desk reception with multiple work offices and meeting space, with the basement providing additional storage capacity for records.
Key Highlights
- 2,100 SF two‑story office building zoned General Commercial
- Interior layout includes 2 conference rooms, 3 offices, large reception area, and break/work room
- 1 full bathroom and 1 half bathroom plus a full basement for record storage
Financial Insights For Office B
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 | $35.3k | $16.80 |
| − Vacancy | −$7.1k | −$3.36 |
| EGI | $28.2k | $13.44 |
| − OpEx | −$7.1k | −$3.36 |
| NOI | $21.2k | $10.08 |
2,100 SF · lease $16.80/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$302.4K
$264.6K – $352.8K
NOI $21,168 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$429.2K
$375.6K – $500.8K
NOI $30,046 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with conference rooms, multiple offices, reception areas, and a fenced yard.
Where is this office building located?
The property is located at 514 Walnut Ave Klamath Falls, OR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,100 SF two‑story office building zoned General Commercial; Interior layout includes 2 conference rooms, 3 offices, large reception area, and break/work room; 1 full bathroom and 1 half bathroom plus a full basement for record storage
