Three-Unit Office and Retail
877 NE 7th Street Grants Pass, OR 97526
877 NE 7th Street, Grants Pass, OR, 97526
$1,495,000
For Sale
$1,495,000
Three renovated units offer office and reception space, including multiple private offices in Unit 1.
Property Size5,872 SF
Price / SF$254.60
Days on Market530
Property Features for 877 NE 7th Street
General Information
- Standard status
- Active
- Size
- 5,872 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1995
Listing agency
EXP Realty LLC
(541) 441-2557
Listed by
Brittny Whitney
(541) 441-2557
Source
Xome
Added: Feb 6, 2025 Updated: Jul 21 at 12:05PM Checked: Jul 21 at 12:05PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This three-unit commercial building offers flexible office and retail configurations, with significant improvements described across all units. Unit 1 is approximately 2,179 square feet and includes multiple offices, a reception area, and two bathrooms, with a conference room and additional rooms noted in the space description. Unit 2 is approximately 1,900 square feet and is described as tastefully remodeled with new lighting, trim, walls and windows, flooring, a kitchen, and fresh paint; it is currently rented under a 5-year lease. Unit 3 is approximately 2,000 square feet, described as similarly remodeled and includes a new kitchen, and is currently not rented. Owners indicate they would consider renting Unit 3 and keeping office furniture in place for a suitable tenant.
The property is located at 877 NE 7th Street in Grants Pass, Oregon, in a highly sought-after area with a great traffic count, supporting a range of office and retail uses as described in the remarks.
Each unit is separately identified, with existing setups for office work highlighted in the descriptions, including reception areas and multiple rooms for client meetings and day-to-day operations where applicable.
The property is located at 877 NE 7th Street in Grants Pass, Oregon, in a highly sought-after area with a great traffic count, supporting a range of office and retail uses as described in the remarks.
Each unit is separately identified, with existing setups for office work highlighted in the descriptions, including reception areas and multiple rooms for client meetings and day-to-day operations where applicable.
Key Highlights
- 3‑unit property built in 1995, featuring central air and tile roofing.
- Unit 1: approx. 2,179 SF with 2 bathrooms, reception area, and 7 offices.
- Unit 1 rent is $3,000/month.
Local Financial Insights For Healthcare Medical
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 | $130.4k | $22.20 |
| − Vacancy | −$13.7k | −$2.33 |
| EGI | $116.7k | $19.87 |
| − OpEx | −$46.7k | −$7.95 |
| NOI | $70.0k | $11.92 |
5,872 SF · lease $22.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.00M
$875.0K – $1.17M
NOI $70,002 @ 7.0% cap · market cap 4.68%
Second Best
Office B
$956.5K
$837.0K – $1.12M
NOI $66,958 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,199 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Greatest Business on Earth
Consultant
United States Chart ...
Association Or Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Three renovated units offer office and reception space, including multiple private offices in Unit 1.
Where is this office units located?
The property is located at 877 NE 7th Street Grants Pass, OR.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 3‑unit property built in 1995, featuring central air and tile roofing.; Unit 1: approx. 2,179 SF with 2 bathrooms, reception area, and 7 offices.; Unit 1 rent is $3,000/month.
