Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1013 K St Grants Pass, OR 97526
    Back to Search
    Property profile & analytics

    1013 K St Grants Pass, OR 97526

    View on Map
    • Commercial real estate
    • 0.82 lot acres
    Off-Market
    Property ID
    US71-1542649
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1013 K St

    Lot size
    0.82 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity in Grants Pass, Oregon, encompasses six lots totaling 0.82 acres, zoned R-2. Five lots on SW K Street measure 0.14 acres each, while one lot on SW L Street is 0.12 acres. The property boasts three existing commercial buildings totaling 12,289 square feet, each listed on the National Register of Historic Places. Utilities including power, sewer, gas, internet, and phone are already connected at each property line. A city-approved plan for remaining infrastructure and water is in place. Located near downtown Grants Pass in an established residential area with recent new construction nearby, this mixed-use property offers nearly limitless potential for redevelopment. The historic buildings present a unique opportunity for conversion into various residential or commercial uses. The asking price is $500,000. This is a rare chance to acquire a substantial property with significant upside in a desirable Oregon location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grants Pass
    County
    Josephine
    State
    Oregon
    Longitude
    -123.3390119
    Latitude
    42.4372323

    Comparable in this City

    • $529,000
      1,800 SF

      Grants Pass Commercial Opportunity

      Updated commercial building, formerly a daycare, on nearly half-acre lot.
      858 NE A St, Grants Pass, OR 97526
      View Details
    • $597,000
      4,800 SF

      Grants Pass Office Building Investment

      Well-maintained 4,800 SF office building in Grants Pass Business District.
      233 NE B St, Grants Pass, OR 97526
      View Details
    • Contact for pricing
      3,238 SF

      New Medical Office For Sale

      New construction medical office with long-term lease in Grants Pass.
      1890 NW 6Th St, Grants Pass, OR 97526
      View Details
    • $339,500
      0.33 Acres

      Rogue Riverfront Buildable Land

      Rare .33 acre riverfront parcel with utilities in Grants Pass.
      1455 SE Rogue Dr, Grants Pass, OR 97526
      View Details
    • $240,000
      5.18 Acres

      5.18 Acre Residential Land Parcel

      Private 5.18-acre parcel near Grants Pass, Oregon.
      448 Adams Way, Grants Pass, OR 97526
      View Details
    • $2,082,884
      Pending

      Commercial Land For Development

      Commercial land for development with high traffic and interstate access.
      4784/4986 Monument Dr, Grants Pass, OR 97526
      View Details

    Similar Nearby for Sale

    • $597,000
      4,800 SF

      Grants Pass Office Building Investment

      Well-maintained 4,800 SF office building in Grants Pass Business District.
      233 NE B St, Grants Pass, OR 97526
      View Details
    • $529,000
      1,800 SF

      Grants Pass Commercial Opportunity

      Updated commercial building, formerly a daycare, on nearly half-acre lot.
      858 NE A St, Grants Pass, OR 97526
      View Details
    • Contact for pricing
      3,238 SF

      New Medical Office For Sale

      New construction medical office with long-term lease in Grants Pass.
      1890 NW 6Th St, Grants Pass, OR 97526
      View Details
    • Contact for pricing

      Prime Commercial Land I-5 Exposure

      3.11 acres of commercial land with I-5 exposure.
      2798 Foothill Blvd, Grants Pass, OR 97526
      View Details
    • $199,900
      11.12 Acres

      11.12-Acre Homesite with Rogue River Views

      Private homesite with Rogue River views in gated community.
      3039 Pearce Park Rd, Grants Pass, OR 97526
      View Details
    • $325,000
      5.03 Acres

      5+ Acre Grants Pass Land

      5+ acre parcel in prestigious neighborhood, ideal for dream home.
      6500 Donaldson Rd, Grants Pass, OR 97526
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      1,800 SF

      Grants Pass Commercial Opportunity

      Updated commercial building for sale or lease in Grants Pass.
      858 NE A St, Grants Pass, OR 97526
      View Details
    • $1.25 SF/Yr
      3,000 SF

      Retail/Office Space on F Street

      3000 SF retail/office space with high visibility.
      555 NE F St, Grants Pass, OR 97526
      View Details
    • Contact for pricing

      Commercial Redevelopment Opportunity

      Commercial redevelopment opportunity in the heart of Grants Pass.
      735 SE 6Th St, Grants Pass, OR 97526
      View Details
    • $17 SF/Yr
      63,497 SF

      Parkway Village Retail Units

      Grants Pass commercial space available.
      1501 F St, Grants Pass, OR 97526
      View Details
    • Contact for pricing
      1,088 SF

      Retail Space in Grants Pass

      Prominent retail shopping experience in Grants Pass retail core.
      891-939 NE D St, Grants Pass, OR 97526
      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.
    1013 K St
    Grants Pass, OR 97526
    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
    1013 K St, Grants Pass, OR, 97526
    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!