1205 Plz Blvd Central Point, OR 97502-2683
- Strip malls
- 8,950 SF
- 1.06 lot acres
Current Use by Public Records
- Strip malls
Property Details for 1205 Plz Blvd
- Lot size
- 1.06 lot acres
- Property size
- 8,950 SF
- Zone code
- C-4
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 1-0960325
- APU
- 10960325
Description
Mt. View Plaza, a Class A commercial property in Central Point, Oregon (97502), offers 1,150 to 3,000 square feet of executive office space for lease. Located at 1205 Plaza Blvd, near Freeman Road, this 8,950 square foot building boasts six suites within a vibrant shopping plaza anchored by Albertsons, Furniture Row, and Goodwill. Built in 2001 and renovated in 2024, the single-story building features ample parking and is zoned for commercial use. The space is ideal for various businesses, including executive offices, salons, groomers, and fitness centers. The property benefits from a strong mix of long-term tenants and is exceptionally well-maintained. The lease is a NNN structure, including CAMs and management fees. The available space offers convenient customer parking directly in front. Cannabis dispensaries and hemp businesses are not permitted. Showings are available by appointment. The minimum divisible space is 1,150 square feet, with a maximum contiguous space of 3,000 square feet. The property is situated in a thriving submarket encompassing office, restaurant, retail, and medical uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $8,480,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $8,460,000
- 6.5%
- $9,295,000
- 7%
- $9,775,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $9,505,000
- Geo Method
- $10,200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $9,955,000
- Retail
- $8,610,000
- Mixed-Use
- $8,235,000
- Hospitality
- $9,680,000
- Educational
- $8,905,000
- Residential Income
- $8,695,000
- Energy
- $10,040,000
- Income-Based Land
- $9,295,000
- Food Service
- $8,505,000
Location Insight
- Map
- Local Demand
- City
- Central Point
- County
- Jackson
- State
- Oregon
- Longitude
- -122.907
- Latitude
- 42.3771
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA