Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2164 Gary St Klamath Falls, OR 97603-4925

    • Office Properties & Spaces
    • 264 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0416524
    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

    • Tim Deane's Auto LLC / Car Dealership

    Property Details for 2164 Gary St

    Year built
    2001
    Lot size
    0.55 lot acres
    Property size
    264 SF
    Zone code
    CG
    Property type
    Office Properties & Spaces
    APN
    R-3909-002BC-02000-000
    APU
    R3909002BC02000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Klamath Falls
    County
    Klamath
    State
    Oregon
    Longitude
    -121.734
    Latitude
    42.2079
    CBSA code
    28900
    CBSA name
    KLAMATH FALLS, 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
    $1,033
    $0.00
    $0.00
    $86,640
    -
    $75,560
    $59,420
    $134,980

    Comparable in this City

    • Value Estimation
      $2,295,000
      20,128 SF

      4509 6th St

      OFFICE (GENERAL) • 20,128 SF
      4509 6th St, Klamath Falls, OR 97603-4880
      View Details
    • Value Estimation by Request
      2,580 SF

      6350 6th St

      OFFICE (GENERAL) • 2,580 SF
      6350 6th St, Klamath Falls, OR 97603-7110
      View Details
    • Value Estimation by Request
      2,400 SF

      2130 Arthur St

      OFFICE (GENERAL) • 2,400 SF
      2130 Arthur St, Klamath Falls, OR 97603-4620
      View Details
    • Value Estimation by Request
      2,616 SF

      4675 Crosby Ave

      OFFICE (GENERAL) • 2,616 SF
      4675 Crosby Ave, Klamath Falls, OR 97603-6719
      View Details
    • Value Estimation by Request
      1,080 SF

      Klamath Falls, OR 97603

      OFFICE (GENERAL) • 1,080 SF
      Klamath Falls, OR 97603
      View Details
    • Value Estimation by Request
      1,040 SF

      2333 Summers Ln

      OFFICE (GENERAL) • 1,040 SF
      2333 Summers Ln, Klamath Falls, OR 97603-6660
      View Details

    Similar Nearby for Sale

    • $249,000
      1.67 Acres

      Eberlein Ave Commercial Land

      High-traffic Klamath Falls lot, ideal for retail.
      0 Eberlein Ave, Klamath Falls, OR 97603
      View Details
    • $512,000
      1,782 SF

      Klamath Falls Commercial Property

      Prime location, income-producing, redevelopment opportunity.
      3350 6Th St, Klamath Falls, OR 97603
      View Details
    • $950,000
      2.13 Acres

      Industrial Building on Washburn Way

      Industrial building with office space, warehouse, and loading dock.
      3735 Washburn Way, Klamath Falls, OR 97603
      View Details
    • $525,000
      1.07 Acres

      Klamath Falls Commercial Opportunity

      Versatile commercial property with high visibility and flexible zoning.
      5113 S 6Th St, Klamath Falls, OR 97603
      View Details
    • $1,075,000
      1.04 Acres

      Flex Building in Klamath Falls

      Well-located, fully leased flex building with excellent tenant history.
      2815 Laverne Ave, Klamath Falls, OR 97603
      View Details
    • $2,875,000
      8,950 SF

      Luxury Ranch Estate in Klamath

      Elegant Klamath Falls residence on 27 irrigated acres.
      4975 Chilly Valley Ln, Klamath Falls, OR 97603
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      1,052,410 SF

      Klamath Falls Geothermal Office Space

      Contemporary co-working and office space available for multi-year lease.
      2701 Foothills Blvd, Klamath Falls, OR 97603
      View Details
    • $0.71 SF/Yr
      75,359 SF

      Klamath Falls Flex Space Available

      Versatile flex space with office, retail, and shop areas.
      3344 Washburn Way, Klamath Falls, OR 97603
      View Details
    • $2,640 /Mo
      37,462 SF

      Klamath Falls Office Space Available

      Office space for lease with excellent South 6th Street exposure.
      5230 S 6Th St, Klamath Falls, OR 97603
      View Details
    • Contact for pricing
      21,256 SF

      Retail Space in Klamath Falls

      21,256 SF retail space in prime location for rent.
      1851-1877 Avalon St, Klamath Falls, OR 97603
      View Details
    • $0.35 SF/Yr
      100,624 SF

      Klamath Falls Industrial Warehouse Space

      Industrial warehouse space for lease in Klamath Falls, Oregon.
      4120 Washburn Way, Klamath Falls, OR 97603
      View Details
    • $2,500 /Mo
      129,809 SF

      Klamath Falls Industrial Warehouse For Lease

      Industrial warehouse with extra strength flooring, upgraded electric, easy access.
      2913 Broadmore St, Klamath Falls, OR 97603
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2164 Gary St
    Klamath Falls, OR 97603-4925
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.