Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    632 Oak Ave Klamath Falls, OR 97601-6135

    • Office Properties & Spaces
    • 6,596 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    Oct 28, 2021
    $375,000
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1122686
    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

    • Russian Massage / Alternative Medicine Practice / Spa & Massage Center
    • Adora Salon & Spa / Hair Salon / Nail Salon

    Property Details for 632 Oak Ave

    Year built
    2003
    Lot size
    0.36 lot acres
    Property size
    6,596 SF
    Zone code
    GC
    Property type
    Office Properties & Spaces
    APN
    R-3809-032AD-04400-000
    APU
    R3809032AD04400000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $722,000
      Market price range: $358k - $836k
      AI Estimate
      $722,000
      Market price range: $358k - $836k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Klamath Falls
    County
    Klamath
    State
    Oregon
    Longitude
    -121.779
    Latitude
    42.2235
    CBSA code
    28900
    CBSA name
    KLAMATH FALLS, 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
    $8,577
    $0.00
    $0.00
    $518,580
    -
    $60,400
    $977,780
    $1,038,180

    Comparable in this City

    • Value Estimation by Request
      1,377 SF

      1415 Esplanade Ave

      OFFICE (GENERAL) • 1,377 SF
      1415 Esplanade Ave, Klamath Falls, OR 97601-5904
      View Details
    • Value Estimation by Request
      4,000 SF

      830 Klamath Ave

      OFFICE (GENERAL) • 4,000 SF
      830 Klamath Ave, Klamath Falls, OR 97601-6103
      View Details
    • Value Estimation by Request
      2,090 SF

      533 Main St

      OFFICE (GENERAL) • 2,090 SF
      533 Main St, Klamath Falls, OR 97601-6031
      View Details
    • Value Estimation
      $1,305,000
      10,296 SF

      724 Main St

      OFFICE (GENERAL) • 10,296 SF
      724 Main St, Klamath Falls, OR 97601-6071
      View Details
    • Value Estimation
      $1,565,000
      28,848 SF

      403 Pne St

      OFFICE (GENERAL) • 28,848 SF
      403 Pne St, Klamath Falls, OR 97601-6020
      View Details
    • Value Estimation by Request
      3,289 SF

      133 4th St

      OFFICE (GENERAL) • 3,289 SF
      133 4th St, Klamath Falls, OR 97601-6320
      View Details

    Similar Nearby for Sale

    • $675,000
      2,655 SF

      Klamath Falls Medical Office Building

      Profitable Medical Office, Excellent Location
      2628 Clover St, Klamath Falls, OR 97601
      View Details
    • $498,750
      3,325 SF

      Klamath Falls Multi-Tenant Investment

      Downtown Klamath Falls, 100% occupied.
      513 Main St, Klamath Falls, OR 97601
      View Details
    • $999,000
      Pending

      Klamath Falls Commercial Spaces For Sale

      Five commercial spaces with geothermal heating and spacious parking.
      1900 Main St, Klamath Falls, OR 97601
      View Details
    • $1,068,480
      7,632 SF

      Klamath Falls Office Building For Sale

      7,632 SF office building with financial institution tenants.
      700 Main St, Klamath Falls, OR 97601
      View Details
    • $498,750
      0.08 Acres

      Downtown Klamath Falls Commercial Building

      Two commercial spaces in one seismically improved building on Main Street.
      513 Main St, Klamath Falls, OR 97601
      View Details
    • $3,100,000
      0.27 Acres

      Klamath Falls Multi-Tenant Commercial Building

      Fully occupied commercial building with diverse tenants and parking lot.
      125 S 6Th St, Klamath Falls, OR 97601
      View Details

    Similar Nearby for Lease

    • $2,080 /Mo
      3,920 SF

      Downtown Klamath Falls Office Space

      Clean, turnkey office space in the heart of Klamath Falls.
      830 Klamath Ave, Klamath Falls, OR 97601
      View Details
    • $17 SF/Yr
      2,655 SF

      Prime Medical Office Building in Klamath Falls

      Single-Tenant, 2,655 SF, 17 Parking Spaces
      2628 Clover St, Klamath Falls, OR 97601
      View Details
    • $4,200 /Mo
      15,682 SF

      Downtown Klamath Falls Office Space

      Professional office space in downtown Klamath Falls with flexible options.
      303 Pine St, Klamath Falls, OR 97601
      View Details
    • $0.80 SF/Yr
      75,794 SF

      Klamath Falls Cold Storage Facility

      Cold storage and warehouse spaces available for lease in Oregon.
      661 S Spring St, Klamath Falls, OR 97601
      View Details
    • $3,330 /Mo
      36,155 SF

      Klamath Falls Commercial Space Available

      High-visibility commercial space in Klamath Falls near hospital and college.
      2575 Campus Dr, Klamath Falls, OR 97601
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space with Highway Visibility

      Retail space with abundant parking and high traffic location.
      2500 Almond St, Klamath Falls, OR 97601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    632 Oak Ave
    Klamath Falls, OR 97601-6135
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.