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481 California St Grants Pass, OR 97526-8882

OFF-MARKET Industrial properties Google Maps
20,272 SF 2.97 ac lot Built 1990
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$380k
Range $342k – $418k (±10%)
Property ID US71-0944226

Property summary

AI-generated overview

This exceptional 44,034-square-foot single-tenant industrial property, located at 481 California Street in Grants Pass, Oregon, presents a unique investment opportunity. Built in 1982 and renovated in 1990, the building sits on a generous 5.59 acres of land and is zoned CLI - Community Light Industrial (Josephine County). The property features a flexible layout suitable for various uses, including medical office, warehouse, and R&D, making it ideal for a diverse range of businesses. The single-story structure offers ample space, divisible into east and west sections, each with its own access. The interior boasts numerous private offices, conference rooms, and lab/shop areas, catering to diverse operational needs. Three convenient drive-in bays provide efficient grade-level loading capabilities. Its strategic location in Grants Pass offers easy access to Interstate 5, enhancing logistical efficiency and accessibility. The property is currently entirely vacant, providing immediate occupancy for a new tenant or owner-occupier. This versatile property is a rare find in the Grants Pass submarket, offering significant potential for growth and return on investment. The property's size, functionality, and location combine to create a compelling opportunity for businesses seeking a substantial and adaptable space in a thriving Oregon community. The zip code is 97526.

Property profile

Verified
Property type Industrial properties
Use group HEAVY INDUSTRIAL
Year built 1990
Total area 20,272 SF
Lot 2.97 ac (129,373 SF)
Zoning code CLI
APN 35-06-25-B0-000700
UPID US71-0944226

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2023
Last sale
$498,750
2 recorded transactions
2023
$498,750
2008
Price N/A

Zoning & alternative use

CLI · Grants Pass, OR

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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