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

    191 Jones Crk Rd Grants Pass, OR 97526-3604

    • Warehouses
    • 1,185 SF
    • 3.26 lot acres
    OFF-MARKET
    Last Sale
    Nov 02, 2020
    $200,000
    Value Estimations
    $170,000
    Show details
    Cap Rate Potential
    5.9%
    Warehouses
    Location Intelligence
    Property ID
    US71-0422313
    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

    • Dynamis Accounting Solutions / Bookkeeping Service
    • Jones Creek RV Storage / Rv Storage Facility

    Property Details for 191 Jones Crk Rd

    Year built
    2021
    Lot size
    3.26 lot acres
    Property size
    1,185 SF
    Zone code
    RI; RURAL INDUST
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    36-05-15-C0-000100
    APU
    360515C0000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $175,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $170,000
      6.5%
      $160,000
      7%
      $150,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $145,000
      RETAIL STORES
      $105,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Grants Pass
    County
    Josephine
    State
    Oregon
    Longitude
    -123.282
    Latitude
    42.4388
    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
    $6,878
    $0.00
    $0.00
    $1,087,360
    -
    $543,510
    $823,540
    $1,367,050

    Comparable in this City

    • Value Estimation by Request
      2,046 SF

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      1.45 Acres

      Monument Dr

      MINI-WAREHOUSE, STORAGE • 1.45 Acres
      Monument Dr, Grants Pass, OR 97526
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      30,680 SF

      2828 Foothill Blvd

      MINI-WAREHOUSE, STORAGE • 30,680 SF
      2828 Foothill Blvd, Grants Pass, OR 97526-4126
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    • Value Estimation by Request
      9,740 SF

      497 H St

      MINI-WAREHOUSE, STORAGE • 9,740 SF
      497 H St, Grants Pass, OR 97526-3042
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    • Value Estimation by Request
      20,163 SF

      1131 D St

      MINI-WAREHOUSE, STORAGE • 20,163 SF
      1131 D St, Grants Pass, OR 97526-2315
      View Details
    • Value Estimation
      $230,000
      3,600 SF

      5630 Foothill Blvd

      MINI-WAREHOUSE, STORAGE • 3,600 SF
      5630 Foothill Blvd, Grants Pass, OR 97526-4208
      View Details

    Similar Nearby for Sale

    • $2,490,000
      Pending

      Spalding Commerce Park Warehouse

      30,054 SF metal warehouse with 1,814 SF custom office.
      2207 NE Industry Dr, Grants Pass, OR 97526
      View Details
    • $750,000
      3,200 SF

      Grants Pass Industrial Park Facility

      Functional industrial property in Grants Pass's desirable IP-zoned Industrial Park.
      1596 NW Washington Blvd, Grants Pass, OR 97526
      View Details
    • $2,200,000
      Pending

      Turnkey Storage Facility with Apartment

      Grants Pass storage facility with income potential and room to grow.
      578 NE Agness Ave, Grants Pass, OR 97526
      View Details
    • $950,000
      0.93 Acres

      Grants Pass Commercial Opportunity

      High-traffic commercial property with development potential near I-5.
      895 SE Gladiola Dr, Grants Pass, OR 97526
      View Details
    • $1,100,000
      0.78 Acres

      Prime Grants Pass Drive-Thru Site

      $1.1M, 0.78-acre lot, high traffic.
      101 Mill St, Grants Pass, OR 97526
      View Details
    • $215,000

      Immaculate Home in 55+ Community

      Move-in ready 2BR/2BA home with mountain views in Grants Pass.
      5648 Foothill Blvd, Grants Pass, OR 97526
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    Similar Nearby for Lease

    • $10 SF/Yr
      44,034 SF

      Grants Pass Industrial Flex Space

      44,034 SF Office/Warehouse, Divisible
      481 California St, Grants Pass, OR 97526
      View Details
    • $10 SF/Yr
      2,360 SF

      Grants Pass Warehouse Space Available

      Industrial warehouse, 2,360 sq ft, 5 acres
      4010 Highland Ave, Grants Pass, OR 97526
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    • $2,900,000
      12,200 SF

      Grants Pass Warehouse with Office

      12,200 SF warehouse with office and covered dock.
      1980 NW Washington Blvd, Grants Pass, OR 97526
      View Details
    • $12 SF/Yr
      53,423 SF

      Grants Pass Retail Center Investment

      Prime Retail Space, 13 Units Available
      959 D St, Grants Pass, OR 97526
      View Details
    • $17 SF/Yr
      63,497 SF

      Parkway Village Retail Units

      Grants Pass commercial space available.
      1501 F St, Grants Pass, OR 97526
      View Details
    • Contact for pricing
      3,150 SF

      Retail Space in Grants Pass

      Prominent retail shopping experience in Grants Pass retail core.
      891-939 NE D St, Grants Pass, OR 97526
      View Details
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    191 Jones Crk Rd
    Grants Pass, OR 97526-3604
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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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