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    502 Whiteaker Ave Cottage Grove, OR 97424

    Sponsored
    For Sale
    $215,000

    Updated medical office, excellent location.

    Property size:
    835 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 835-square-foot medical office building, located at 502 E Whiteaker Ave, Cottage Grove, OR 97424, presents a unique owner-user opportunity. Built in 1955 and renovated in 2018, the property boasts a Class C rating and sits on a 6,098-square-foot lot. The single-story building features one unit with a current occupancy of 100%, commencing August 1, 2019. The asking price is $215,000, translating to $257.49 per square foot. The property includes eight parking spaces and is zoned C2. Interior features include updated ductless heat/AC, modern fixtures and plumbing, exam rooms, and a reception area. The current lease is a gross lease for one year, starting January 1, 2024, and expiring December 31, 2024. The current owner is open to a month-to-month leaseback agreement, and the lease rate is negotiable. Its prime location, just one block from Main Street, makes it ideal for a variety of medical, retail, or office uses, including but not limited to a small medical practice, massage therapist (LMT), or veterinary clinic. The property's APN is 893469.

    Property Features for 502 Whiteaker Ave

    General Information

    Property type
    Medical offices
    Square Feet
    835 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1955/2018
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 835 SF medical office building in Cottage Grove, OR, on a 6,098 SF lot.
    • Class C building, built in 1955, renovated in 2018, asking $215,000 ($257.49/SF).
    • Currently 100% occupied with a gross lease expiring December 31, 2024; seller open to month‑to‑month leaseback.
    • Lease rate is negotiable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Cottage Grove
    County
    Lane
    State
    Oregon
    Longitude
    -123.0627292
    Latitude
    43.798135

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    FAQs

    What type of property is this?
    Medical office - Updated medical office, excellent location.
    Where is this medical office located?
    The property is located at 502 Whiteaker Ave Cottage Grove, OR.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: 835 SF medical office building in Cottage Grove, OR, on a 6,098 SF lot.; Class C building, built in 1955, renovated in 2018, asking $215,000 ($257.49/SF).; Currently 100% occupied with a gross lease expiring December 31, 2024; seller open to month-to-month leaseback.
    Request Owner's contact information
    502 Whiteaker Ave Cottage Grove, OR 97424
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    Cottage Grove, OR 97424
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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
    502 Whiteaker Ave Cottage Grove, OR 97424
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