Multi-User Flex Industrial
585 Clover Ln., Ashland, OR 97520
For Sale
Contact for pricing
Office space occupies 30% of the building, with the balance configured for light manufacturing or warehouse use.
Property Size12,000 SF
Price / SF$175
Days on Market52
Property Features for 585 Clover Ln.
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Clear Height
Property Use
Building Details
Year Built
Buildings
Building Size
Construction
Listing Agency:
Cascadia Prime LLC
Listed By:
Eric Herron · License OR #201218616
Source:
Crexi
Added: Sep 24
Changed: Nov 12
Last Checked: Nov 12 at 8:30AM
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 Cascadia Prime LLC
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Investment Insights
Based on property information with market context.
Built in 2007, this 12,000-square-foot flex property combines office space with light manufacturing and warehouse areas in a 30/70 configuration. The structural-steel building has architectural metal cladding, large storefront windows, ceilings over 20 feet, and multiple commercial roll-up doors. Its layout supports occupancy by one user or division into quarter-building increments. On-site parking or storage is also available.
The property is in Ashland, Oregon, near I-5, which carries an average of 20,000 vehicles daily. The building is 14 miles north of the California border and sits on a cul-de-sac.
The property is in Ashland, Oregon, near I-5, which carries an average of 20,000 vehicles daily. The building is 14 miles north of the California border and sits on a cul-de-sac.
Key Highlights
- 12,000‑square‑foot building with occupancy options in 1/4 increments
- 30/70 office‑to‑light manufacturing and warehouse area ratio
- Built in 2007 with structural‑steel construction and architectural metal cladding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,395
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,187,900
$2.2M
Cap Rate 7%
$1,562,786
$1.6M
Cap Rate 9%
$1,215,500
$1.2M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$180.0K $15.00/SF
− Vacancy
−$11.7K −$0.98/SF
EGI
$168.3K $14.03/SF
− OpEx
−$58.9K −$4.91/SF
NOI
$109.4K $9.12/SF
Area
Jackson County, OR
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,187,900
Cap Rate 7%
$1,562,786
Cap Rate 9%
$1,215,500
Alternative Uses
Best Use
Flex RnD
$1.56M
$1.37M – $1.82M
NOI $109,395 @ 7.0% cap · market cap 5.21%
Second Best
Warehouse
$1.33M
$1.16M – $1.55M
NOI $92,935 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$2.90M
$2.53M – $3.38M
NOI $202,752 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 97520, OR
25,970
Population
13,964
Households
1.9
Avg Household Size
47
Median Age
61%
College-Educated
96%
High-School Grad
328.8 sq mi
ZIP Area
79
Density / Sq Mi
$71,485
Median Household Income
$31,869
Median Earnings
$1,360
Median Rent
$568,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Jackson County, OR
Properties on Market for Flex space in Jackson County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Ashland Gourmet Catering — 2325 Siskiyou Blvd, Ashland, OR 97520
- Nosh Catering — 572 Clover Ln, Ashland, OR 97520
Frequently Asked Questions
What type of property is this?
Flex space - Office space occupies 30% of the building, with the balance configured for light manufacturing or warehouse use.
Where is this flex space located?
The property is located at 585 Clover Ln. Ashland, OR.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 12,000‑square‑foot building with occupancy options in 1/4 increments; 30/70 office‑to‑light manufacturing and warehouse area ratio; Built in 2007 with structural‑steel construction and architectural metal cladding
