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    481 California St Grants Pass, OR 97526

    Sponsored
    For Lease
    $10 SF/Yr

    44,034 SF Office/Warehouse, Divisible

    Lot size:
    44,034 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 44,034-square-foot single-tenant industrial property, located at 481 California Street in Grants Pass, Oregon, presents a unique investment opportunity. Built in 1982 and renovated in 1990, the building sits on a generous 5.59 acres of land and is zoned CLI - Community Light Industrial (Josephine County). The property features a flexible layout suitable for various uses, including medical office, warehouse, and R&D, making it ideal for a diverse range of businesses. The single-story structure offers ample space, divisible into east and west sections, each with its own access. The interior boasts numerous private offices, conference rooms, and lab/shop areas, catering to diverse operational needs. Three convenient drive-in bays provide efficient grade-level loading capabilities. Its strategic location in Grants Pass offers easy access to Interstate 5, enhancing logistical efficiency and accessibility. The property is currently entirely vacant, providing immediate occupancy for a new tenant or owner-occupier. This versatile property is a rare find in the Grants Pass submarket, offering significant potential for growth and return on investment. The property's size, functionality, and location combine to create a compelling opportunity for businesses seeking a substantial and adaptable space in a thriving Oregon community. The zip code is 97526.

    Property Features for 481 California St

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,034 SF
    Total Rate
    38309.58

    Building Details

    Year Built/Renovated
    1982/1990
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    44,034 SF
    Rate per SF
    $10

    HighLights

    • 44,034 SF single‑tenant industrial building on 5.59 acres in Grants Pass, OR.
    • Built in 1982, renovated in 1990, zoned CLI.
    • Flexible layout suitable for medical, warehouse, or R&D uses.
    • Single‑story with divisible east and west sections, each with its own access; features numerous offices, conference rooms, and lab/shop areas.
    • Three drive‑in bays.
    • Excellent I‑5 access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Grants Pass
    County
    Josephine
    State
    Oregon
    Longitude
    -123.36556411849
    Latitude
    42.500399912474

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    FAQs

    What type of property is this?
    Life science property - 44,034 SF Office/Warehouse, Divisible
    Where is this life science property located?
    The property is located at 481 California St Grants Pass, OR.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 44,034 SF single-tenant industrial building on 5.59 acres in Grants Pass, OR.; Built in 1982, renovated in 1990, zoned CLI.; Flexible layout suitable for medical, warehouse, or R&D uses.
    Request Owner's contact information
    481 California St Grants Pass, OR 97526
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    Grants Pass, OR 97526
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    Realmo Value Estimation

    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.

    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.

    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
    481 California St Grants Pass, OR 97526
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