Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land Near Redwood Highway Title is generated by Realmo AI

    McDonald Lane 8 & 9, Grants Pass, OR 97527

    View on Map
    Claim this Listing
    For Sale
    $640,000

    Flexible commercial site with access off Redwood Avenue near Redwood Highway for future development.

    Added:
    May 18, 2026
    Days on Market:
    22
    Last Refresh:
    Jun 6 at 2:45 am

    Property Features for McDonald Lane 8 & 9

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    William J Leever
    William J Leever

    Listing agent William J Leever License #780301889

    Listing office Pulver & Leever Real Estate Company

    Listing date May 18, 2026

    Source Evrealestate

    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 Pulver & Leever Real Estate Company

    HighLights

    • Flexible commercial site with access off Redwood Avenue
    • Located on McDonald Lane, off of Redwood Avenue
    • Just west of the intersection with Redwood Highway
    • Josephine County

    Overview

    This offering consists of commercial land parcels identified as McDonald Lane 8 & 9. The property is listed for sale and is suited to buyer-led development based on the site’s configuration as land.

    The parcels are located on McDonald Lane off of Redwood Avenue, just west of the intersection with Redwood Highway. The property is in Josephine County, Oregon.

    For buyers evaluating development options, this land provides a straightforward acquisition for designing and positioning a future commercial project on McDonald Lane. Its placement along the Redwood Avenue and Redwood Highway corridor can support visibility and access for a wide range of commercial uses, subject to local approvals and development requirements.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grants Pass
    County
    Josephine
    State
    Oregon
    Longitude
    -123.359866
    Latitude
    42.421209

    Nearby Similar for Sale

    • $895,000
      5,800 SF

      Turnkey Commercial Building, Grants Pass

      Immaculate 5800 sq ft commercial building ready for business.
      541 NE E Street, Grants Pass, OR 97526
      View Details
    • $1,095,000
      3,200 SF

      Turnkey Tavern & Entertainment Venue

      Remodeled tavern and entertainment venue on 0.58 acres.
      2039 Redwood Avenue, Grants Pass, OR 97527
      View Details
    • $955,000
      7,250 SF

      Commercial Building in Downtown Grants

      Three storefronts with solid leases in downtown Grants Pass.
      424 NW 6th Street, Grants Pass, OR 97526
      View Details
    • $597,000
      4,800 SF

      Grants Pass Office Building Investment

      Well-maintained 4,800 SF office building in Grants Pass Business District.
      233 NE B Street, Grants Pass, OR 97526
      View Details
    • $699,000
      2,120 SF

      Grants Pass Commercial Building

      Versatile commercial building in a convenient, visible Grants Pass location.
      856 NE 7th Street, Grants Pass, OR 97526
      View Details
    • $1,190,000
      5,699 SF

      Nine-Unit Multifamily Investment Opportunity

      Rare investment property with nine units and RV parking.
      4600 Rogue River Highway, Grants Pass, OR 97527
      View Details
    • $995,000
      1,817 SF

      Prime Commercial Redevelopment Opportunity

      1.36 acres on high-traffic corridor, ideal for redevelopment.
      1731 Williams Highway, Grants Pass, OR 97527
      View Details
    • $425,000
      3,679 SF

      Mixed-Use Investment Opportunity

      Versatile property with residential and commercial units in Grants Pass.
      1480 Rogue River Highway, Grants Pass, OR 97527
      View Details
    • $850,000
      4,272 SF

      Income-Producing 4-Plex with Development Potential

      Fully rented 4-plex on 3 lots with development potential.
      3095 Canal Avenue, Grants Pass, OR 97527
      View Details
    • $810,000

      Grants Pass Land with Views

      Land with development potential, city utilities, and mountain views.
      Fruitdale, Grants Pass, OR 97527
      View Details
    • $639,000
      4,320 SF

      Fourplex with Gated Front Yards

      Fourplex built in 1964 offering two-bedroom units with private gated yard space, rear parking, and storage units.
      711 SW Burgess Street, Grants Pass, OR 97526
      View Details
    • $1,995,000
      4,587 SF

      Entitled Land with Income Potential

      Approved development assemblage with existing income on Williams Highway.
      2024 Williams Highway, Grants Pass, OR 97527
      View Details

    FAQs

    What type of property is this?
    Commercial land - Flexible commercial site with access off Redwood Avenue near Redwood Highway for future development.
    Where is this commercial land located?
    The property is located at McDonald Lane 8 & 9 Grants Pass, OR.
    What is the asking price?
    The asking price for this property is $640,000.
    What are key features of this property?
    This property features: Flexible commercial site with access off Redwood Avenue; Located on McDonald Lane, off of Redwood Avenue; Just west of the intersection with Redwood Highway
    (541) 773-5391
    We can help!
    Listing Contact
    William J Leever
    William J Leever
    Real Estate License ID: 780301889
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    McDonald Lane 8 & 9, Grants Pass, OR 97527
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!