Two-Building Warehouse
For Sale
$2,645,000
6479 Crater Lake Highway, Central Point, OR 97502
Commercial Sale, Central Point, OR
Property Size17,000 SF
Lot Size1.32 Acres
Price / SF$155.59
Days on Market48
Property Features for 6479 Crater Lake Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
L-I
Parking features
On Street
Directions
Hwy 62 north of Vilas Rd
Standard status
Active
APN
11005509
Size
17,000 SF
Lot size
1.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8608
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
1
Number of units
2
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Home Quest Realty
(541) 774-5503
Listed By:
Katia Larios · License #201249782
(541) 622-4833
Added: Jul 10
Changed: Aug 20
Last Checked: Aug 26 at 5:06AM
MLS# 220225076
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.
Investment Insights
Based on property information with market context.
This warehouse property includes two buildings totaling approximately 17,000 square feet, with individual sizes of 5,000 square feet and 12,000 square feet. Both structures are currently leased. Concrete flooring and metal roofing are reported throughout the improvements, providing straightforward warehouse construction characteristics.
The property occupies 1.32 acres at 6479 Crater Lake Highway in Central Point, Oregon. It is adjacent to the Southern Oregon Expressway and has on-street parking. Public water and public sewer service are in place, supporting the existing commercial improvements.
The property occupies 1.32 acres at 6479 Crater Lake Highway in Central Point, Oregon. It is adjacent to the Southern Oregon Expressway and has on-street parking. Public water and public sewer service are in place, supporting the existing commercial improvements.
Key Highlights
- Two warehouse buildings total approximately 17,000 SqFt (5,000 SqFt and 12,000 SqFt)
- Both buildings are currently leased
- Property sits on 1.32 acres at 6479 Crater Lake Highway
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
$131,657
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
4.98%
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%
$2,633,140
$2.6M
Cap Rate 7%
$1,880,814
$1.9M
Cap Rate 9%
$1,462,856
$1.5M
Market Conditions
NOI Build-Up for 17,000 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
$161.2K $9.48/SF
− Vacancy
−$6.3K −$0.37/SF
EGI
$154.9K $9.11/SF
− OpEx
−$23.2K −$1.37/SF
NOI
$131.7K $7.74/SF
Area
Jackson County, OR
Vacancy
3.89%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$2,633,140
Cap Rate 7%
$1,880,814
Cap Rate 9%
$1,462,856
Alternative Uses
Best Use
Warehouse
$1.88M
$1.65M – $2.19M
NOI $131,657 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.10M
$3.59M – $4.79M
NOI $287,232 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Two leased warehouse buildings feature concrete floors, metal roofs, and public water and sewer service.
Where is this warehouse located?
The property is located at 6479 Crater Lake Highway Central Point, OR.
What is the asking price?
The asking price for this property is $2,645,000.
What are key features of this property?
This property features: Two warehouse buildings total approximately 17,000 SqFt (5,000 SqFt and 12,000 SqFt); Both buildings are currently leased; Property sits on 1.32 acres at 6479 Crater Lake Highway
