Technical
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Property profile

1501 Esplanade Ave Klamath Falls, OR 97601

OFF-MARKET
Auto shops
Property ID
US71-0785394
1,115 SF 0.16 ac lot
Trust Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

A GC-zoned commercial property near downtown Klamath Falls comprises a commercial center with two buildings and four configured units plus a standalone corner building. The rear building includes three man doors and five roll-up doors with capacity for two additional doors and provides approximately 6,158 square feet, including storage loft space. Within the rear building, Space A is approximately 3,400 square feet with a 2,400-square-foot storage loft, a large shop area, a half bath, and two 9-foot roll-up doors; Space B is approximately 990 square feet and combines office, showroom, and shop areas; and Space C is approximately 2,368 square feet with an 800-square-foot storage loft, showroom and office space, a half bath, and a sink and cabinets. The standalone corner building at Esplanade and Spring St. contains approximately 1,115 square feet and includes two 9-foot roll-up doors, a man door, office space, a half bathroom, a car lift, an air compressor, and a storage/parts room. Off-street parking serves the center, and the buildings were constructed in 1981.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Total area 1,115 SF
Lot 0.16 ac (6,970 SF)
Zoning code GC
APN R-3809-028CC-08600-000
UPID US71-0785394

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash

Location

1501 Esplanade Ave Klamath Falls, OR 97601-2601
Klamath Falls metro Census 971900 KLAMATH FALLS, OR MICROPOLITAN STATISTICAL AREA
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Value estimations

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Owner & transaction history

since 2005
1 recorded transaction
2005
$197,000

Zoning & alternative use

GC · Klamath Falls, OR
Zoning description

5 Neither new single-family nor new duplex residences may be constructed in the GC or DB zones, and new single-family residences may not be constructed in the MU zone. Existing single-family and duplex residences in thos…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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