545 A St Ashland, OR 97520
- Office Properties & Spaces
- 4,950 SF
- 0.13 lot acres
Current Use by Public Records
- Energetic Anatomy™ / Wellness Center / Adult Education School
- Kenny Taylor, Real Estate Agent (Realtor) / Real Estate Agency / Real Estate Agent
- Sky Suzanne E / Acupuncturist
- Kevin Carr L.P.C. / Counselor
- Robynne Whitaker & Jeffrey Nagel, Realtors - Nagel Whitaker Real Estate Group / Real Estate Agency / Real Estate Agent
Property Details for 545 A St
- Lot size
- 0.13 lot acres
- Property size
- 4,950 SF
- Zone code
- E-1
- Property type
- Office Properties & Spaces
- APN
- 1-0828855
- APU
- 10828855
Description
This exceptional mixed-use property, located in Ashland, Oregon's vibrant Railroad District, presents a compelling investment opportunity. The 4,950 square foot building, constructed in 1997, sits on a 0.13-acre lot and boasts five units: three commercial and two residential. The commercial spaces are currently 100% occupied by long-term tenants, generating a substantial pro-forma NOI of $56,044, with annual rent bumps. The two residential units, occupied since October and December 2023, offer comfortable living spaces. Recent upgrades include a new 20-year roof (2015), exterior paint and caulking (2022), and new HVAC systems in multiple units (2017 & 2020). The property features alley access with five private parking spaces and one shared ADA-compliant space, plus a charming courtyard. Each unit has separate gas and electric meters, with the owner responsible for landscaping, water, sewer, garbage, and recycling. The building is zoned E-1 and offers a compelling pro-forma cap rate of 3.74%. This meticulously maintained property is ideally situated near restaurants, shopping, Railroad Park, and Ashland's central bike path, ensuring strong tenant demand and long-term value. Detailed financial information, including pro-forma, rent rolls, and maintenance records, is available upon request. The asking price is $1,500,000, representing a price per square foot of $303.03 and a price per unit of $300,000. The lease terms for the commercial units range from 4.6 to 5.8 years, commencing October 1, 2023, and expiring June 30, 2029. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use asset in a desirable location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $855,000
- 6.5%
- $790,000
- 7%
- $730,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $869,000
Market price range: $321k - $1.36M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,425,000 Current use
- MEDICAL BUILDING
- $1,165,000 Change: -18% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,145,000 Change: -20% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Ashland
- County
- Jackson
- State
- Oregon
- Longitude
- -122.707
- Latitude
- 42.1983
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA