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    Property profile & analytics
    OFF-MARKET Estimated value $900,000
    Investment properties

    515 Rogue Riv Hwy, Grants Pass, OR 97527-5279

    10,885 SF 0.41 ac lot Built 1950
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US71-0512613
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 515 Rogue River Highway in Grants Pass, Oregon, presents a unique opportunity for restaurant entrepreneurs. The entire 10,885 square foot building is currently vacant and available for lease. This multi-tenant building offers two separate suites, providing flexibility for a single large restaurant or the potential for two independent businesses. The property sits on a generous 1.15-acre lot, offering ample space for outdoor seating, parking, or potential expansion. Situated in Josephine County, this location benefits from high visibility and convenient access along the Rogue River Highway, ensuring significant foot and vehicle traffic. The property's size and layout are ideal for a variety of restaurant concepts, from casual dining to upscale establishments. The building's existing infrastructure provides a solid foundation for immediate occupancy, minimizing upfront investment and allowing for a swift launch. This is a rare opportunity to secure a substantial and well-positioned restaurant space in a thriving Oregon community. The property's address is 515 Rogue River Hwy, Grants Pass, OR 97527. The zip code is 97527.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1950
    Total area 10,885 SF
    Lot 0.41 ac (17,860 SF)
    Zoning code GC; GENERAL COMM
    APN 36-05-19-DA-001200
    UPID US71-0512613
    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
    Current use
    Occupant on record · Public records
    • Herb's Restaurant and Shenanigans Lounge Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.03M
    Blend (final) Blend
    $900k
    Owner & transaction history
    Clever Caveman LLC · 4 yrs held
    Clever Caveman LLC
    since 2022
    Last sale
    $840,000
    1 recorded transaction
    2022
    $840,000
    Zoning & alternative use
    GC; GENERAL COMM · Grants Pass, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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