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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1501 F St Grants Pass, OR 97526

    • Shopping centers
    • 64,342 SF
    • 6.32 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Last Sale
    Apr 27, 2022
    $10,600,000
    Value Estimations
    $8,385,000
    Cap Rate Potential
    9.9%
    Shopping centers
    Location Intelligence
    Property ID
    US71-0476931
    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.

    Current Use by Public Records

    • La Burrita / Mexican Restaurant

    Property Details for 1501 F St

    Year built
    2005
    Lot size
    6.32 lot acres
    Property size
    64,342 SF
    Zone code
    GC; GENERAL COMM
    Property type
    Shopping centers
    Property subtype
    Specialty properties
    APN
    36-05-17-DD-000400
    APU
    360517DD000400

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,420,000

    • 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
      RETAIL STORES
      $5,720,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Grants Pass
    County
    Josephine
    State
    Oregon
    Longitude
    -123.311
    Latitude
    42.4352
    CBSA code
    24420
    CBSA name
    GRANTS PASS, OR MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $92,714
    $0.00
    $0.00
    $6,930,850
    -
    $1,552,230
    $9,185,190
    $10,737,420

    Comparable in this City

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      51,245 SF

      340 Beacon Dr

      SHOPPING CENTER COMMON AREA • 51,245 SF
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    • Value Estimation by Request
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      39,538 SF

      322 Beacon Dr

      SHOPPING CENTER COMMON AREA • 39,538 SF
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      49,362 SF

      144 G St

      SHOPPING CENTER COMMON AREA • 49,362 SF
      144 G St, Grants Pass, OR 97526-2414
      View Details
    • Value Estimation by Request
      8.26 Acres

      5040 Monument Dr

      Land • 8.26 Acres
      5040 Monument Dr, Grants Pass, OR 97526
      View Details
    • Value Estimation by Request
      40.00 Acres

      Riv Rd

      CHARITABLE ORGANIZATION • 40.00 Acres
      Riv Rd, Grants Pass, OR 97526
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      14,000 SF

      Prominent Retail Shopping Experience

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      View Details
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      Prominent retail shopping experience in Grants Pass retail core.
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      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Grants Pass

      Class A retail space for lease in high-traffic corridor.
      820 NE E St, Grants Pass, OR 97526
      View Details
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      Prime Retail Space in Grants Pass

      Class A retail space in high-traffic Grants Pass retail core.
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      6,537 SF

      Retail Space in Grants Pass

      Class A retail space available in high-traffic Grants Pass.
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      View Details
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      Grants Pass Retail Center Investment

      Prime Retail Space, 13 Units Available
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    1501 F St
    Grants Pass, OR 97526
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    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
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