515 NE 8th Street, Grants Pass, OR 97526
Office building with private offices, cubicle-style workspace, break room, heat pump HVAC, and backup generator.
- Added:
- Jun 6, 2026
- Days on Market:
- 22
- Last Refresh:
- Jun 14 at 1:51 am
Property Features for 515 NE 8th Street
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1973
Listing office John L Scott Real Estate Grants Pass (541) 471-4333
Listing date Jun 6, 2026
Source Xome
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 John L Scott Real Estate Grants Pass
HighLights
- Office building on a corner lot with landscaped grounds and alley access
- Heat pump HVAC plus backup generator
- Flexible layout with multiple private offices, open cubicle‑style workspace, and break room
- Interior flooring includes laminate and carpet
- Parking includes shared driveway, on‑street parking, asphalt, and an alley entrance
Overview
Located on a prominent corner lot in Grants Pass, Oregon, the building benefits from convenient alley access. The property is described as having a high-visibility setting, which can be advantageous for professional businesses seeking storefront-style presence and straightforward access for clients and staff.
With its combination of private offices, open cubicle workspace, break room, and on-site mechanical support, this property fits a range of office and commercial uses. The building is also positioned for an owner-user or investment approach, giving prospective buyers the flexibility to tailor the space to their operational needs.
Local 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 | $24.2k | $16.80 |
| − Vacancy | −$2.3k | −$1.60 |
| EGI | $21.9k | $15.20 |
| − OpEx | −$5.5k | −$3.80 |
| NOI | $16.4k | $11.40 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grants Pass
- County
- Josephine
- State
- Oregon
- Longitude
- -123.32247
- Latitude
- 42.44149
