Property profile

1600 E Pine St Central Point, OR 97502

FOR SALE
Automotive properties
Property ID
US71-0434655
3,368 SF 3.37 ac lot Built 2018
Entity Owned 30-yr Hold Free & Clear
Saved · see the list in your Dashboard
1600 E Pine St, Central Point, OR 97502 For Sale
$6,000,000 3,368 SF
1600 E Pine St, Central Point, OR 97502
View Listing →

Property summary

AI-generated overview

Exceptional investment opportunity in Central Point, Oregon, featuring an 8.53-acre commercial land parcel (APN 10887817) at 1600 E Pine St, 97502. This fully developed property is currently leased to Pilot Travel Centers, LLC, under a long-term unsubordinated ground lease with a substantial remaining term of approximately 17.1 years, expiring January 1, 2042. The lease provides a stable annual net-net-net rent of $270,000, commencing January 1, 2022, representing a significant return on investment. The property is zoned C-4, allowing for a variety of commercial uses. This offering presents a compelling opportunity for passive income generation with a strong, established tenant and a considerable remaining lease term. The asking price is $6,000,000. Detailed lease documents are available upon execution of a confidentiality agreement and contract. This is a prime opportunity for investors seeking a secure, high-yield commercial land investment with a blue-chip tenant. The property's location in Central Point, Oregon, offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-established, income-producing asset with significant long-term potential.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 2018
Total area 3,368 SF
Lot 3.37 ac (146,797 SF)
Zoning code IC
APN 1-0887833
UPID US71-0434655

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
  • Logistics Company Trucking Company
  • Bakery Specialty Food Shop
  • Parking Lot & Garage Gas Station
  • Restaurant Take-out & Catering
  • Parking Lot & Garage

Location

1600 E Pine St Central Point, OR 97502
Central Point metro Census 1100 MEDFORD, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$440k

Owner & transaction history

since 1996
7 recorded transactions
2018
Price N/A
2017
Price N/A
2017
Price N/A
2017
Price N/A
2017
Price N/A
1996
Price N/A
1969
Price N/A

Zoning & alternative use

IC · Central Point, OR

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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