Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Updated Medical Office Ready Title is generated by Realmo AI

    502 E Whiteaker Ave, Cottage Grove, OR 97424

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Vacant, updated medical office space near Main Street.

    Type:Office
    Property size:
    835 SF
    Price / SF:
    $245/SF
    Added:
    Mar 9, 2021
    Days on Market:
    1899
    Last Refresh:
    May 19 at 9:26 pm

    Property Features for 502 E Whiteaker Ave

    General Information

    Standard status
    Active
    Size
    835 SF
    Property subtype
    Office

    Building Details

    Year Built
    1955

    We can help!

    Listing Contact
    Brent Cole

    Listing agent Brent Cole

    Listing office Triple Oaks Realty

    Listing date Mar 9, 2021

    Source Crexi

    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 Triple Oaks Realty

    HighLights

    • Excellent location: just 1 block from Main Street.
    • Vacant and ready for immediate occupancy.
    • Updated with newer ductless heat/AC, fixtures, and plumbing.
    • Suitable for multiple uses: Medical, LMT, Vet, Office, and Retail.
    • Currently configured as a Medical Office with office/exam rooms and reception area.
    • On‑site paved parking lot.

    Overview

    This vacant property is ready for a new owner-user. It is located one block from Main Street. The property is currently configured for medical office use, making it suitable for medical practices, licensed massage therapists, veterinary clinics, general office use, or retail businesses. The building features newer ductless heat and air conditioning, updated fixtures, and plumbing. The layout includes office and exam rooms, as well as a reception area. On-site parking is available in the paved lot. The property has a size of 835 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

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

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

    Similar Places Nearby

    • Cottage Grove Veterinary Clinic — 1221 E Main St, Cottage Grove, OR 97424

    Location Insight

    • Map
    • Local Demand
    City
    Cottage Grove
    County
    Lane
    State
    Oregon
    Longitude
    -123.0627174
    Latitude
    43.7981396

    Nearby Similar for Sale

    • $539,000
      1,992 SF

      Turnkey Duplex with Income Potential

      High-quality duplex ideal for owner-occupancy or multigenerational living.
      1522 E WASHINGTON Ave, CottageGrove, OR 97424
      View Details
    • $899,900
      3,928 SF

      Newer Fourplex with Tax Exemption

      New construction fourplex in Cottage Grove with strong income potential.
      50 S 17TH St, CottageGrove, OR 97424
      View Details
    • $350,000
      2,475 SF

      Established Market in Downtown Cottage

      Well-equipped market in historic downtown with steady foot traffic.
      822 W Main St, Cottage Grove, OR 97424
      View Details
    • $945,000
      7,884 SF

      Industrial Property with Automotive Features

      Industrial property featuring warehouse, office, and automotive shop spaces.
      225 Davidson Ave, Cottage Grove, OR
      View Details
    • $625,000

      Cottage Grove Live/Work Property

      1.6-acre property with dual zoning, greenhouses, and water rights.
      Cottage Grove, OR 97424
      View Details
    • $985,000
      11,400 SF

      Industrial Manufacturing/Warehouse Facility For Sale

      11,400 SF industrial facility with heavy power and functional layout.
      2100 S R St, Cottage Grove, OR 97424
      View Details
    • $999,000
      3,928 SF

      Newer Fourplex with Tax Exemption

      Newer fourplex with strong income potential and tax savings.
      50 S 17th St, Cottage Grove, OR 97424
      View Details
    • $55,000

      Land in Cottage Grove, Oregon

      Residential land available in Cottage Grove, Oregon.
      Kalapuya, CottageGrove, OR 97424
      View Details
    • $199,000
      1,594 SF

      Retail/Office Space For Sale

      Inline retail/office space available in Cottage Grove, Oregon.
      525 E Main St, Cottage Grove, OR
      View Details
    • $7,000,000
      84,381 SF

      Industrial Building with Renovated Features

      84,381 SF industrial building with renovated features on 10.26 acres.
      230 Davidson Ave, Cottage Grove, OR 97424
      View Details
    • $2,458,000
      6,979 SF

      Former Grocery Store For Rent

      Former grocery store with loading docks and high ceilings.
      1405 N Pacific Hwy, Cottage Grove, OR
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Vacant, updated medical office space near Main Street.
    Where is this medical office space located?
    The property is located at 502 E Whiteaker Ave Cottage Grove, OR.
    What is the asking price?
    The asking price for this property is $205,000.
    What are key features of this property?
    This property features: Excellent location: just 1 block from Main Street.; Vacant and ready for immediate occupancy.; Updated with **newer ductless heat/AC, fixtures, and plumbing.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brent Cole
    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
    502 E Whiteaker Ave, Cottage Grove, OR 97424
    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!