Freestanding Two-Story Office
735 Southeast 7th Street Grants Pass, OR 97526
For Sale
Contact for pricing
Two-story office with multiple private offices, flexible bullpen space, and dedicated paved parking with street frontage.
Property Size2,184 SF
Price / SF$180.86
Days on Market54
Property Features for 735 Southeast 7th Street
General Information
- Standard status
- Active
- Size
- 2,184 SF
- Property subtype
- Office
Building Details
- Year Built
- 1958
Listing Agency:
Merit Commercial Real Estate
(541) 608-6704
Listed By:
Scott King · License #Oregon 200602153
Source:
Crexi
Added: May 31
Changed: Jul 10
Last Checked: Jul 22 at 10:06AM
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 Merit Commercial Real Estate
Investment Insights
Based on property information with market context.
This freestanding, two-story professional office building offers a flexible interior layout designed for a range of tenant needs. The building includes a glass storefront-style entry into a bright lobby with a reception/flex area. The first floor also features a restroom, a large bullpen-style office that could support conference or event use, and additional storage and networking closet space. On the second floor, there are five private offices, a full restroom with shower, and more storage. The exterior is stucco over a mix of CMU and wood-frame structural walls, with minimal deferred maintenance reported. A flat roof in fair condition supports a large lighted sign facing SE 7th Street and a packaged RTU for the building’s HVAC.
The property has approximately 48 feet of owned street frontage on SE 7th Street, described as a high-traffic arterial in Grants Pass, Oregon, providing visibility and straightforward access. A dedicated, deeded paved parking lot includes several spaces and two private driveways to and from SE 7th Street. The surrounding area includes a mix of commercial uses, and the property is described as being close to downtown Grants Pass, with an approximately 7-minute drive to Interstate 5 access.
For owner-users, the building’s standalone configuration and on-site parking support day-to-day operations from a dedicated headquarters. The combination of private offices, a reception/flex area, and a larger open bullpen-style space can accommodate both standard office use and meetings, training, or event-style gatherings. Buyer is responsible for all due diligence; contact the listing brokers to schedule a private tour.
The property has approximately 48 feet of owned street frontage on SE 7th Street, described as a high-traffic arterial in Grants Pass, Oregon, providing visibility and straightforward access. A dedicated, deeded paved parking lot includes several spaces and two private driveways to and from SE 7th Street. The surrounding area includes a mix of commercial uses, and the property is described as being close to downtown Grants Pass, with an approximately 7-minute drive to Interstate 5 access.
For owner-users, the building’s standalone configuration and on-site parking support day-to-day operations from a dedicated headquarters. The combination of private offices, a reception/flex area, and a larger open bullpen-style space can accommodate both standard office use and meetings, training, or event-style gatherings. Buyer is responsible for all due diligence; contact the listing brokers to schedule a private tour.
Key Highlights
- 2,184 SF, two‑story conventional office building built in 1958 with stucco exterior
- Freestanding building with bright lobby plus reception/flex area and large bullpen‑style office (conference/event room potential)
- Second floor includes five private offices, a full restroom with shower, and additional storage
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.7k | $16.80 |
| − Vacancy | −$3.5k | −$1.60 |
| EGI | $33.2k | $15.20 |
| − OpEx | −$8.3k | −$3.80 |
| NOI | $24.9k | $11.40 |
2,184 SF · lease $16.80/SF/yr · vacancy 9.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$355.8K
$311.3K – $415.1K
NOI $24,904 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$495.2K
$433.3K – $577.7K
NOI $34,664 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Two-story office with multiple private offices, flexible bullpen space, and dedicated paved parking with street frontage.
Where is this office building located?
The property is located at 735 Southeast 7th Street Grants Pass, OR.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,184 SF, two‑story conventional office building built in 1958 with stucco exterior; Freestanding building with bright lobby plus reception/flex area and large bullpen‑style office (conference/event room potential); Second floor includes five private offices, a full restroom with shower, and additional storage
