Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Phoenix Rd & Grv Rd Phoenix, OR 97535
    Property profile & analytics

    Phoenix Rd & Grv Rd Phoenix, OR 97535

    View on Map
    • Land
    • 34.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Phoenix Rd & Grv Rd

    Lot size
    34.50 lot acres
    Property type
    Land

    Description

    This exceptional 34.5-acre parcel presents a rare chance to capitalize on the last substantial I-5 interchange development opportunity in the region. Strategically located in Phoenix, Oregon, at the intersection of N Phoenix Rd and Grove Rd (APN: 381W10501, 381W10507, 381W10502, 381W10503, 381W10500), this property boasts a prime location adjacent to a Home Depot and benefits from the high traffic volume of Interstate 5, a major transportation artery connecting Oregon and California. The site is zoned for Commercial Highway (C-H), Low Density Residential (R-1), and Rural Residential 5 (RR-5), offering flexibility for a variety of development projects. Approved for 736 peak hour trips, eliminating the need for further traffic studies, this property is ready for immediate development. The property's proximity to California is a significant advantage, attracting shoppers from across the state border due to Oregon's lack of sales tax. Located in the Rogue Valley, a region known for its robust viticulture industry and thriving commercial sector, this land offers unparalleled potential for significant return on investment. The seller will consider offers for the entire parcel or portions thereof, making this an attractive opportunity for both large-scale and smaller-scale developers. This is a unique chance to secure a highly desirable location in a rapidly growing area. The asking price is $16,415,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Jackson
    State
    Oregon
    Longitude
    -122.81
    Latitude
    42.2819

    Comparable in this City

    • Value Estimation by Request
      2.93 Acres

      Phoenix Rd

      Land • 2.93 Acres
      0 Phoenix Rd, Medford, OR 97535
      View Details
    • Value Estimation
      $2,435,000
      4,058 SF

      300 Luman Rd

      MOBILE HOME PARK, TRAILER PARK • 4,058 SF
      300 Luman Rd, Phoenix, OR 97535-9719
      View Details
    • Value Estimation by Request
      2.52 Acres

      Fern Vly Rd

      CAMPGROUND, RV PARK • 2.52 Acres
      Fern Vly Rd, Phoenix, OR 97535
      View Details
    • Value Estimation
      $885,000
      1,254 SF

      4624 Pacific Hwy

      MOBILE HOME PARK, TRAILER PARK • 1,254 SF
      4624 Pacific Hwy, Phoenix, OR 97535-9608
      View Details
    • Value Estimation
      $855,000
      37,687 SF

      101 Bolz Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 37,687 SF
      101 Bolz Rd, Phoenix, OR 97535-9801
      View Details
    • Value Estimation by Request
      6.54 Acres

      201 Phoenix Rd

      CAMPGROUND, RV PARK • 6.54 Acres
      201 Phoenix Rd, Phoenix, OR 97535-9104
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Phoenix

      Land available for sale in Phoenix, Oregon.
      Fern Valley Rd, Phoenix, OR 97535
      View Details
    • Contact for pricing

      760-Acre Ranch in Southern Oregon

      Expansive ranch with abundant wildlife and Rogue Valley views.
      Payne Rd, Phoenix, OR 97535
      View Details
    • $1,277,200

      Phoenix Commercial Development Land I-5

      2.69 acres of commercial land with excellent exposure off I-5.
      N Phoenix Rd & Grv Rd, Phoenix, OR 97535
      View Details
    • Contact for pricing

      Phoenix Commercial Development Land Available

      2.93 acres of commercial land in Phoenix, Oregon.
      Phoenix Rd N, Phoenix, OR 97535
      View Details
    • $3,950,000
      8,976 SF

      Turn-Key Winery Estate in Rogue Valley

      Turn-key winery estate with mature vineyard and modern facilities.
      4415 Campbell Rd, Phoenix, OR 97535
      View Details
    • $3,500,000
      53,275 SF

      Phoenix Industrial Complex

      53,275 SF Warehouse/Manufacturing
      306 C St, Phoenix, OR 97535
      View Details
    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.
    Phoenix Rd & Grv Rd
    Phoenix, OR 97535
    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
    Phoenix Rd & Grv Rd, Phoenix, OR, 97535
    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!