481 California St, Grants Pass, OR 97526-8882
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CLI · Grants Pass, ORGrants Pass. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.