Retail
For Sale
$349,000
55 S 2nd Street, Central Point, OR 97502
A downtown Central Point storefront sits opposite the community’s primary grocery store.
Property Size1,073 SF
Price / SF$325.26
Days on Market70
Property Features for 55 S 2nd Street
General Information
Standard status
Active
Size
1,073 SF
Property subtype
Commercial
Zoning
TDR-HMR
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$1,009
Building Details
Building Size
1,073 SF
Stories
1
Units
1
Listing Agency:
Home Quest Realty
(541) 774-5503
Listed By:
Arron Waldron · License #R3519
(541) 951-5081
Source:
Desertskyrealestate
Added: Aug 18
Changed: Oct 25
Last Checked: Oct 26 at 3:47AM
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 Home Quest Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,073-square-foot retail space is located at 55 S 2nd Street in Central Point. Its position across from the town’s primary grocery store places it near an established daily-shopping destination.
Boutique retail businesses are also present in the surrounding area. The property is offered for sale.
Boutique retail businesses are also present in the surrounding area. The property is offered for sale.
Key Highlights
- 1,073 square feet of retail space
- Across from Central Point’s primary grocery store
- Address: 55 S 2nd Street, Central Point, OR 97502
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,845
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,900
$296.9K
Cap Rate 7%
$212,071
$212.1K
Cap Rate 9%
$164,944
$164.9K
Market Conditions
NOI Build-Up for 1,073 SF
Gross rent
$23.2K $21.60/SF
− Vacancy
−$2.0K −$1.84/SF
EGI
$21.2K $19.76/SF
− OpEx
−$6.4K −$5.93/SF
NOI
$14.8K $13.83/SF
Area
Jackson County, OR
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,900
Cap Rate 7%
$212,071
Cap Rate 9%
$164,944
Alternative Uses
Best Use
Retail
$212.1K
$185.6K – $247.4K
NOI $14,845 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$259.0K
$226.6K – $302.2K
NOI $18,129 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
155k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 33%
Groceries 10%
Electronics 1%
McDonald's
Dining
31,427 visits/mo
0.3 miles
Chevron
Shops & Services
22,006 visits/mo
0.4 miles
Dollar Tree
Shops & Services
21,038 visits/mo
0.4 miles
Ray's Food Place
Groceries
15,279 visits/mo
0.1 miles
7-Eleven
Shops & Services
8,849 visits/mo
0.3 miles
Demographics for 97502, OR
29,558
Population
11,717
Households
2.5
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
82.1 sq mi
ZIP Area
360
Density / Sq Mi
$79,146
Median Household Income
$42,667
Median Earnings
$1,245
Median Rent
$374,000
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?
Retail space - A downtown Central Point storefront sits opposite the community’s primary grocery store.
Where is this retail space located?
The property is located at 55 S 2nd Street Central Point, OR.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,073 square feet of retail space; Across from Central Point’s primary grocery store; Address: 55 S 2nd Street, Central Point, OR 97502
