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    OFF-MARKET
    Industrial properties

    481 California St, Grants Pass, OR 97526-8882

    20,272 SF 2.97 ac lot Built 1990
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    481 Cal LLC · 2 yrs held
    481 Cal LLC
    since 2023
    Last sale
    $498,750
    2 recorded transactions
    2023
    $498,750
    2008
    Zoning & alternative use
    CLI · Grants Pass, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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