1890 NW 6Th St Grants Pass, OR 97526
Property profile & analytics
1890 NW 6Th St Grants Pass, OR 97526
- Commercial real estate
- 0.49 lot acres
Property ID
US71-1730007
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.
Location Intelligence
Current Use by Public Records
- BestMed Urgent Care / Medical Clinic
Property Details for 1890 NW 6Th St
- Year built
- 2022
- Lot size
- 0.49 lot acres
- Zone code
- GC; GENERAL COMM
- Property type
- Commercial real estate
- APN
- 36-05-08-BB-000602
- APU
- 360508BB000602
Description
This exceptional investment opportunity presents a fee-simple interest in a 3,238 square foot, single-tenant medical office building in Grants Pass, Oregon. The property, built in 2023, is 100% occupied under a 15-year NNN lease with BestMed Urgent Care, commencing February 1, 2023, and expiring January 31, 2038. The lease includes two five-year renewal options and features 2.00% annual rent increases. The building sits on a 0.49-acre lot and benefits from a strong location on a three-lane state highway, just blocks from the I-5 Interchange, experiencing high daily vehicle traffic. The property boasts a 6.35% cap rate and a Net Operating Income (NOI) of $184,096. The lease is corporately guaranteed, offering significant security for investors. The surrounding area shows robust retail development and a rapidly growing population, making this a compelling investment in a high-demand sector. The property is one of only two urgent care facilities within a 26-mile radius, providing a competitive advantage. The tenant, BestMed Urgent Care, is part of a large, rapidly expanding national urgent care network, further enhancing the investment's stability and potential for long-term growth. The property's strategic location and strong tenant covenant make it an attractive investment opportunity with significant upside potential. Landlord responsibilities are limited to structural components, minimizing operational burdens. The area's population growth and economic strength contribute to a positive outlook for the property's future performance.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Grants Pass
- County
- Josephine
- State
- Oregon
- Longitude
- -123.323
- Latitude
- 42.4605
- 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
$10,372
$0.00
$0.00
$775,340
-
$437,740
$645,550
$1,083,290
