Mixed-Use Property with General
New
For Sale
$730,000
5229 Redwood Avenue, Grants Pass, OR 97527
Commercial Sale, Grants Pass, OR
Property Size5,064 SF
Lot Size1.22 Acres
Price / SF$144.15
Days on Market2
Property Features for 5229 Redwood Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Rc; Rural Comm
Parking features
Driveway
Window features
Aluminum Frames, Double Pane Windows
Patio and Porch features
Porch, Deck
Interior features
Built-in Features, Ceiling Fan(s)
Lot features
Corner Lot, Fenced
Standard status
Active
APN
R320714
Size
5,064 SF
Lot size
1.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2485
Utilities
Sewer type
Septic Tank
Water source
Well
Amenities
large walk-in cooler
mailbox service
ATM machine
Building Details
Year built
1971
Floors in Building
1
Number of units
3
Flooring type
Concrete, Tile, Laminate
Building materials
Frame
Roof type
Metal
Listing Agency:
Keller Williams Realty Southern Oregon
(541) 608-0447
Listed By:
Melissa Hayes
(541) 450-4442
Added: Oct 21
Last Checked: Oct 21 at 11:06PM
MLS# 220230279
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 5,064-square-foot, single-level mixed-use property sits on 1.22 acres and contains three occupancy areas. The operating general store is accompanied by a separate vacant commercial unit with recent improvements. A rear, recently vacated accessory dwelling unit has two bedrooms, one bathroom, a private entrance and dedicated parking. Building features include a walk-in cooler, mailbox service and an ATM.
The property is at 5229 Redwood Avenue in Grants Pass, Oregon. Site amenities include 11 asphalted parking spaces, a porch and a deck. The building was constructed in 1971 and is served by a well and septic system.
The property is at 5229 Redwood Avenue in Grants Pass, Oregon. Site amenities include 11 asphalted parking spaces, a porch and a deck. The building was constructed in 1971 and is served by a well and septic system.
Key Highlights
- 5,064‑square‑foot, three‑occupancy‑area building on 1.22 acres
- Operating general store with a large walk‑in cooler
- Separate vacant commercial unit with recent improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,713
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,260
$1.2M
Cap Rate 7%
$824,471
$824.5K
Cap Rate 9%
$641,256
$641.3K
Market Conditions
NOI Build-Up for 5,064 SF
Gross rent
$82.0K $16.20/SF
− Vacancy
−$5.1K −$1.00/SF
EGI
$77.0K $15.20/SF
− OpEx
−$19.2K −$3.80/SF
NOI
$57.7K $11.40/SF
Area
Josephine County, OR
Vacancy
6.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,260
Cap Rate 7%
$824,471
Cap Rate 9%
$641,256
Alternative Uses
Best Use
Specialty Retail
$824.5K
$721.4K – $961.9K
NOI $57,713 @ 7.0% cap · market cap 7.91%
Second Best
Mixed Use
$648.9K
$567.8K – $757.1K
NOI $45,424 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,374 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
20
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 Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A single-level building combines an operating general store, a vacant commercial suite and a two-bedroom accessory dwelling unit.
Where is this mixed-use property located?
The property is located at 5229 Redwood Avenue Grants Pass, OR.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: 5,064‑square‑foot, three‑occupancy‑area building on 1.22 acres; Operating general store with a large walk‑in cooler; Separate vacant commercial unit with recent improvements
