Office Building with Private
For Sale
$895,000
541 NE E Street, Grants Pass, OR 97526
Recently updated office property with flexible work areas, kitchen facilities, ADA restrooms, and on-site parking.
Property Size5,800 SF
Lot Size0.50 Acres
Price / SF$154.31
Days on Market154
Property Features for 541 NE E Street
General Information
Standard status
Active
Size
5,800 SF
Lot size
0.50 Acres
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$7,817
Amenities
grand entry
11 private offices
3 ADA bathrooms
spacious kitchen
two gigantic open areas
large signage on both E & F streets
Central Air
3
Tile, Carpet
Composition
Parking.
Asphalt, Lot.
0.44999998807907104
Building Details
Year Built
1995
Buildings
1
Stories
2
Listing Agency:
RE/MAX Integrity Grants Pass
(541) 761-3900
Listed By:
Jason Masters · License #201226708
(541) 761-3900
Source:
Xome
Added: Mar 30
Changed: Aug 29
Last Checked: Aug 29 at 1:56PM
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 RE/MAX Integrity Grants Pass
Investment Insights
Based on property information with market context.
This 5,800-square-foot office building, constructed in 1995, offers a practical combination of enclosed workrooms and adaptable shared areas. The layout includes 11 private offices, three ADA bathrooms, a spacious kitchen, a grand entry, and two large open areas. Recent improvements include interior repainting, a new roof, new carpet downstairs, and energy-efficient automated lighting. Central air service and tile and carpet finishes are also in place.
The property occupies a 0.45-acre lot in Grants Pass with access from both NE E Street and NE F Street. More than 25 private parking spaces serve the building, and large signage is available along both streets. Its position between downtown Grants Pass and area shopping centers places the office near multiple established and recently opened restaurants.
The property occupies a 0.45-acre lot in Grants Pass with access from both NE E Street and NE F Street. More than 25 private parking spaces serve the building, and large signage is available along both streets. Its position between downtown Grants Pass and area shopping centers places the office near multiple established and recently opened restaurants.
Key Highlights
- 5,800 SF office building on a 0.45‑acre lot
- 11 private offices plus two large open areas
- Three ADA bathrooms and a spacious kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,137
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,322,740
$1.3M
Cap Rate 7%
$944,814
$944.8K
Cap Rate 9%
$734,856
$734.9K
Market Conditions
NOI Build-Up for 5,800 SF
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.
Gross rent
$97.4K $16.80/SF
− Vacancy
−$9.3K −$1.60/SF
EGI
$88.2K $15.20/SF
− OpEx
−$22.0K −$3.80/SF
NOI
$66.1K $11.40/SF
Area
Josephine County, OR
Vacancy
9.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,322,740
Cap Rate 7%
$944,814
Cap Rate 9%
$734,856
Alternative Uses
Best Use
Office B
$944.8K
$826.7K – $1.10M
NOI $66,137 @ 7.0% cap · market cap 7.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.15M – $1.53M
NOI $92,056 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,128
Businesses Nearby
Explore this area
Business Placement
Demographics for 97526, OR
36,561
Population
15,987
Households
2.3
Avg Household Size
47
Median Age
20%
College-Educated
91%
High-School Grad
140.7 sq mi
ZIP Area
260
Density / Sq Mi
$57,103
Median Household Income
$35,685
Median Earnings
$1,076
Median Rent
$379,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Recently updated office property with flexible work areas, kitchen facilities, ADA restrooms, and on-site parking.
Where is this office building located?
The property is located at 541 NE E Street Grants Pass, OR.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 5,800 SF office building on a 0.45‑acre lot; 11 private offices plus two large open areas; Three ADA bathrooms and a spacious kitchen
