Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    409 6th St Grants Pass, OR 97526-2807

    • Retail space
    • 5,750 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    May 20, 2022
    $650,000
    Value Estimations
    $450,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0957448
    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

    • Music Shop / Car Stereo Store / Home Theater Store

    Property Details for 409 6th St

    Year built
    1906
    Lot size
    0.11 lot acres
    Property size
    5,750 SF
    Zone code
    CBD; CENTRAL BUS DIST
    Property type
    Retail space
    APN
    36-05-18-DA-008700
    APU
    360518DA008700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $455,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $331,000
      Market price range: $290k - $673k
      AI Estimate
      $331,000
      Market price range: $290k - $673k

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

    Location Insight

    • Map
    • Local Demand
    City
    Grants Pass
    County
    Josephine
    State
    Oregon
    Longitude
    -123.328
    Latitude
    42.4372
    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
    $3,969
    $0.00
    $0.00
    $296,730
    -
    $138,270
    $519,010
    $657,280

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      220 6th St

      RETAIL STORES (PERSONAL SERVICES) • 10,000 SF
      220 6th St, Grants Pass, OR 97526-2406
      View Details
    • Value Estimation by Request
      2,790 SF

      930 6th St

      RETAIL STORES (PERSONAL SERVICES) • 2,790 SF
      930 6th St, Grants Pass, OR 97526-2908
      View Details
    • Value Estimation by Request
      2,500 SF

      754 6th St

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      754 6th St, Grants Pass, OR 97526-2907
      View Details
    • Value Estimation by Request
      2,500 SF

      314 Nee St

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      314 Nee St, Grants Pass, OR 97526-2164
      View Details
    • Value Estimation by Request
      4,800 SF

      876 6th St

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      876 6th St, Grants Pass, OR 97526-1525
      View Details
    • Value Estimation by Request
      1,097 SF

      629 6th St

      RETAIL STORES (PERSONAL SERVICES) • 1,097 SF
      629 6th St, Grants Pass, OR 97526-2062
      View Details

    Similar Nearby for Sale

    • $1,750,000
      16,535 SF

      High-Yield Retail Strip For Sale

      Two-tenant retail strip in Grants Pass, OR with upside.
      1200-1214 NW 6Th St, Grants Pass, OR 97526
      View Details
    • $1,500,000
      0.29 Acres

      Grants Pass Restaurant/Retail Opportunity

      Prime location in Grants Pass Historic District with customizable space.
      234 SW 5Th St, Grants Pass, OR 97526
      View Details
    • New
      $749,000
      0.22 Acres

      Grants Pass Office/Retail Building

      Versatile building in Grants Pass Central Business District, perfect for owner-user.
      206 NE 7Th St, Grants Pass, OR 97526
      View Details
    • $690,000
      1.00 Acre

      Grants Pass RV Park Opportunity

      RV park with hookups, cabin, and commercial building for sale.
      6160 Monument 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
    • $235,000

      Updated Home with Mountain Views

      Spacious home featuring modern updates and breathtaking mountain views.
      5648 Foothill Blvd, Grants Pass, OR 97526
      View Details

    Similar Nearby for Lease

    • $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
      14,000 SF

      Prominent Retail Shopping Experience

      Class A retail space for lease in Grants Pass.
      943 NE D St, Grants Pass, OR 97526
      View Details
    • $6,720,000
      1,836 SF

      Prime Retail Space in Grants Pass

      Class A retail space in high-traffic Grants Pass retail core.
      820-834 NE E St, Grants Pass, OR 97526
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Grants Pass

      Class A retail space for lease in high-traffic corridor.
      820 NE E St, Grants Pass, OR 97526
      View Details
    • Contact for pricing
      6,537 SF

      Retail Space in Grants Pass

      Class A retail space available in high-traffic Grants Pass.
      1150 NE E St, Grants Pass, OR 97526
      View Details
    • $33 SF/Yr
      2,924 SF

      Retail Space Near Highway 99

      Retail space with high visibility near Interstate 5.
      1835 NE 7Th St, Grants Pass, OR 97526
      View Details

    Property Visit Statistics

    • Visits by month
      9.3k
    • Visitors by month
      7.0k
    • Avg Time on site
      18 min
    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.
    409 6th St
    Grants Pass, OR 97526-2807
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.