Two-Building Warehouse
For Sale
$2,595,000
6479 Crater Lake Highway, Central Point, OR 97502
Both buildings are leased and the property is zoned L-I.
Property Size17,000 SF
Lot Size1.32 Acres
Price / SF$152.65
Days on Market116
Property Features for 6479 Crater Lake Highway
General Information
Standard status
Active
Size
17,000 SF
Lot size
1.32 Acres
Property subtype
Commercial
Zoning
L-I
Additional Details
Highway Access
Yes
Warehouse Space
17,000 SF
Tenant in Place
Yes
Property Use
Warehouse
Taxes and HOA fees
Annual Taxes
$8,607
Building Details
Building Size
17,000 SF
Buildings
2
Stories
1
Units
2
Listing Agency:
Home Quest Realty
(541) 774-5503
Listed By:
Katia Larios · License #201249782
(541) 622-4833
Source:
Desertskyrealestate
Added: Jul 10
Changed: Oct 25
Last Checked: Oct 29 at 8:25PM
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.
The property includes two warehouse buildings totaling approximately 17,000 square feet. One building contains 5,000 square feet and the other 12,000 square feet. Both are leased, and the site carries L-I zoning.
At 6479 Crater Lake Highway in Central Point, the 1.32-acre property is adjacent to the Southern Oregon Expressway.
At 6479 Crater Lake Highway in Central Point, the 1.32-acre property is adjacent to the Southern Oregon Expressway.
Key Highlights
- Two warehouses totaling approximately 17,000 SqFt
- Buildings measure 5,000 SqFt and 12,000 SqFt
- Both buildings are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,657
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
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
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 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 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.10M
$3.59M – $4.79M
NOI $287,232 @ 7.0% cap · market cap 11.07%
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Crater Lake Mini Storage — 6100 Crater Lake Ave, Central Point, OR 97502
- eShelf — 6084 Crater Lake Ave, Central Point, OR 97502
- Economy Self Storage — 6453 Crater Lake Hwy, Central Point, OR 97502
- Medford Moving & Storage Inc — 6461 Crater Lake Hwy, Central Point, OR 97502
- Lotus Lane RV Boat & Trailer — 2095 Lotus Ln, Central Point, OR 97502
Frequently Asked Questions
What type of property is this?
Warehouse - Both buildings are leased and the property is zoned L-I.
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 $2,595,000.
What are key features of this property?
This property features: Two warehouses totaling approximately 17,000 SqFt; Buildings measure 5,000 SqFt and 12,000 SqFt; Both buildings are currently leased
