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Property profile & analytics
OFF-MARKET
Estimated value
$10,825,000
Shopping centers
1501 F St, Grants Pass, OR 97526-4234
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0476931
Property summary
AI-generated overview
Parkway Village, located at 1501 NE F St, Grants Pass, OR 97526, offers two exceptional retail units for lease. This prime commercial property, situated near Hwy 199 in Josephine County, boasts a total of 63,497 square feet across two single-story buildings. The property is zoned commercial and is ideal for a variety of retail uses, including but not limited to medical, merchandise, candy, toy, massage, acupuncture, spa, chiropractic, therapy, phone, and electronics businesses. One unit offers 600 square feet, perfect for a start-up business, while the other provides 1,000 square feet of move-in ready, plug-and-play space. Both units are part of the highly desirable Parkway Village shopping center. Common area maintenance (CAM) charges are currently estimated at $0.35 per square foot. Attractive incentives are available for long-term lease agreements. This is a fantastic opportunity to establish or expand your business in a thriving Grants Pass location.
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
2005
Total area
64,342 SF
Lot
6.32 ac (275,299 SF)
Zoning code
GC; GENERAL COMM
APN
36-05-17-DD-000400
UPID
US71-0476931
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
La Burrita Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.83M
Owner & transaction history
Parkway Mercantile LLC · 4 yrs held
Parkway Mercantile LLC
since 2022
Last sale
$10.6M
7 recorded transactions
Zoning & alternative use
GC; GENERAL COMM · Grants Pass, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grants Pass submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grants Pass submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,420,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,220,000
6.5%
$11,280,000
7%
$10,475,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,775,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$10.83M
Range $9.74M – $11.91M · ±10% · vs last sale $10.60M (Apr 27 2022)
Last sale anchor
$10.60M
Apr 27 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$168 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$92,714
Tax year 2023
Assessed value
$6,930,850
Assessed 2023
Previous assessed
$6,728,990
+3.0% YoY
Effective rate
1.34%
On assessed value
Land market value
$1,552,230
Improvement market value
$9,185,190
Total market value
$10,737,420
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Cooling
YES
Bathrooms
19
Total area
64,342 SF
Lot
6.32 ac (275,299 SF)
Zoning code
GC; GENERAL COMM
APN
36-05-17-DD-000400
UPID
US71-0476931
Jurisdiction
JOSEPHINE
Zoning & alternative use
GC; GENERAL COMM · Grants Pass, OR
Zoning GC; GENERAL COMM · permitted uses
GC; GENERAL COMM · Grants Pass, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grants Pass. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$7.8M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
FORCED AIR
Cooling
Yes
Bathrooms
19
Lot
6.32 ac
Current owner
From public records · entity-resolved
Parkway Mercantile LLC
Entity
Mailing address
1327 SE 10TH ST, PORTLAND, OR 97202-6645
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2022
$10,600,000
Parkway Mercantile LLC
Parkway Village LLC
Warranty Deed
—
Jul 30, 2019
—
Parkway Village LLC
—
Deed
related
$5,300,000 · Us Bank NA
Dec 28, 2004
—
Parkway Village LLC
—
Deed Of Trust
related
$6,269,600 · Umpqua Bank
—
—
Parkway Village LLC
—
Loan Modification
related
—
—
—
Parkway Village LLC
—
Loan Modification
related
—
—
—
Parkway Village LLC
—
Loan Modification
related
$540,209 · Umpqua Bank
—
—
Parkway Village LLC
—
Deed Of Trust
related
$239,000 · Umpqua Bank
—
—
Parkway Village LLC
—
Loan Modification
related
—
—
—
Parkway Village LLC
—
Deed Of Trust
related
$450,400 · Umpqua Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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