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    2144 Industry Dr Grants Pass, OR 97526
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    Property profile & analytics

    2144 Industry Dr Grants Pass, OR 97526

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    • Commercial real estate
    • 0.91 lot acres
    Off-Market
    Property ID
    US71-0638559
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2144 Industry Dr

    Lot size
    0.91 lot acres
    Property type
    Commercial real estate
    APN
    R343111

    Description

    This exceptional 0.91-acre industrial land parcel, located at 2144 NE Industry Drive in Grants Pass, Oregon (APN R343111), presents a unique investment opportunity. Priced at $400,000, this property boasts a highly desirable location in close proximity to the I-5 Interchange and other recent industrial developments within Josephine County. The property is zoned I (Industrial), offering a wide range of potential uses for developers and businesses. Its convenient access to major transportation routes makes it an ideal site for various industrial operations. A comprehensive Environmental Database Review has already been completed and will be provided to the buyer upon acceptance of an offer. Prospective buyers are responsible for conducting their own due diligence regarding utility availability, precise locations, and other relevant factors. This is a rare opportunity to acquire a well-situated industrial lot in a growing area, offering significant potential for future development and return on investment. The property's 97526 zip code further highlights its strategic location within the Grants Pass commercial landscape. This land parcel presents a compelling opportunity for businesses seeking a prime location for expansion or new development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grants Pass
    County
    Josephine
    State
    Oregon
    Longitude
    -123.295592
    Latitude
    42.43302

    Comparable in this City

    • $1,750,000
      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
    • Contact for pricing
      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
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    • $174,000
      1.47 Acres

      Buildable Lot in Colonial Valley

      1.47 acre buildable lot with seasonal pond.
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    • $120,000
      2.53 Acres

      Land with Mountain Views

      2.53-acre homesite near Rogue River with BLM access.
      925 Ferry Rd, Grants Pass, OR 97526
      View Details
    • $145,000
      6.12 Acres

      Land Parcel Near Merlin

      6.12 acre land parcel near Merlin and I-5.
      669 Harris Rd, Grants Pass, OR 97526
      View Details

    Similar Nearby for Sale

    • $1,750,000
      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
    • Contact for pricing
      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
    • $174,000
      1.47 Acres

      Buildable Lot in Colonial Valley

      1.47 acre buildable lot with seasonal pond.
      323 Eric Way, Grants Pass, OR 97526
      View Details
    • $120,000
      2.53 Acres

      Land with Mountain Views

      2.53-acre homesite near Rogue River with BLM access.
      925 Ferry Rd, Grants Pass, OR 97526
      View Details
    • $145,000
      6.12 Acres

      Land Parcel Near Merlin

      6.12 acre land parcel near Merlin and I-5.
      669 Harris Rd, Grants Pass, OR 97526
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Flex Office Space Available

      44,034 SF flex office space for rent.
      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
      View Details
    • $17 SF/Yr
      63,497 SF

      Parkway Village Retail Units

      Grants Pass commercial space available.
      1501 F St, Grants Pass, OR 97526
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      2,435 SF

      Prominent Retail Shopping Experience

      Class A retail space for lease in Grants Pass.
      943 NE D St, Grants Pass, OR 97526
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    • Contact for pricing
      1,088 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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    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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