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    Property profile & analytics

    515 Rogue Riv Hwy Grants Pass, OR 97527-5279

    • Investment properties
    • 10,885 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimation
    $705,000
    Last Sale
    Apr 22, 2024
    $840,000
    Location Intelligence
    Property ID
    US71-0512613
    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

    • Herb's Restaurant and Shenanigans Lounge / Restaurant / Bar

    Property Details for 515 Rogue Riv Hwy

    Year built
    1950
    Lot size
    0.41 lot acres
    Property size
    10,885 SF
    Zone code
    GC; GENERAL COMM
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    36-05-19-DA-001200
    APU
    360519DA001200

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $590,000

    • CAP approach

      CAP return
      Estimation
      6%
      $860,000
      6.5%
      $825,000
      7%
      $770,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $840,000
      Geo Method
      $760,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $825,000
      Retail
      $845,000
      Mixed-Use
      $770,000
      Hospitality
      $730,000
      Educational
      $825,000
      Residential Income
      $765,000
      Energy
      $760,000
      Income-Based Land
      $740,000
      Food Service
      $900,000

    Location Insight

    • Map
    • Local Demand
    City
    Grants Pass
    County
    Josephine
    State
    Oregon
    Longitude
    -123.329
    Latitude
    42.4244
    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
    $7,835
    $0.00
    $0.00
    $589,150
    -
    $134,130
    $455,020
    $589,150

    Comparable in this City

    • Value Estimation by Request
      1,616 SF

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      OFFICE/RESIDENTIAL (MIXED USE) • 1,616 SF
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    • Value Estimation by Request
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      215 Redwood Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 8,275 SF
      215 Redwood Hwy, Grants Pass, OR 97527-5495
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    • Value Estimation by Request
      19,500 SF

      1001 Rogue Riv Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 19,500 SF
      1001 Rogue Riv Hwy, Grants Pass, OR 97527-4934
      View Details
    • Value Estimation by Request
      4,000 SF

      1182 Rogue Riv Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 4,000 SF
      1182 Rogue Riv Hwy, Grants Pass, OR 97527-4937
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    • Value Estimation by Request
      2,916 SF

      1460 Williams Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 2,916 SF
      1460 Williams Hwy, Grants Pass, OR 97527-5556
      View Details
    • Value Estimation by Request
      2,816 SF

      6890 Williams Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 2,816 SF
      6890 Williams Hwy, Grants Pass, OR 97527-7411
      View Details

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    515 Rogue Riv Hwy
    Grants Pass, OR 97527-5279
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    Realmo Value Estimation

    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.

    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.

    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
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