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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Office Spaces
700 Dimmick St Grants Pass, OR 97526-1561
Entity Owned
Absentee Owner
Free & Clear
Property ID
US71-1016291
Property summary
AI-generated overview
This 2.27-acre property in Grants Pass, Oregon, offers a compelling redevelopment opportunity. The site includes a 2-story, approximately 8,764 square foot concrete office building currently occupied by Josephine County offices. The building features abundant parking, landscaping, skylights, and mountain views. The property is zoned R-4 and R-1-6, allowing for a wide array of multifamily or mixed-use development options. This presents significant upside potential in a supply-constrained market. The existing building, built in 1980, contains two units and is situated on a 2.27-acre lot (APN R311080). The property is part of a larger campus and can be purchased individually or with an adjacent 4.05-acre parcel. The asking price is $1,430,000. Prospective buyers are responsible for all due diligence, including environmental, use, legality, site planning, zoning, and demolition considerations. Developers are encouraged to submit proposals.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1986
Total area
8,848 SF
Lot
0.23 ac (10,019 SF)
Zoning code
R-4
APN
36-05-18-AB-003201
UPID
US71-1016291
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
-
Josephine County Planning Office County Government Office
-
Josephine County Mental Health Public Health Department
-
Water Resources Department Social Service Agency
-
Josephine Building Safety County Government Office
-
Josephine County Watermaster Office - District #14 County Government Office State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.07M
Owner & transaction history
JOSEPHINE COUNTY
JOSEPHINE COUNTY
Zoning & alternative use
R-4 · Grants Pass, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grants Pass submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grants Pass submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$121 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Land market value
$190,460
Improvement market value
$475,810
Total market value
$666,270
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1986
Heating
HEAT PUMP
Stories
1
Bathrooms
6
Total area
8,848 SF
Lot
0.23 ac (10,019 SF)
Zoning code
R-4
APN
36-05-18-AB-003201
UPID
US71-1016291
Jurisdiction
JOSEPHINE
Zoning & alternative use
R-4 · Grants Pass, OR
Zoning R-4 · permitted uses
R-4 · Grants Pass, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grants Pass. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Heating
HEAT PUMP
Stories
1
Bathrooms
6
Lot
0.23 ac
Current owner
From public records · entity-resolved
JOSEPHINE COUNTY
Individual
Free & Clear · 0 yrs held
Mailing address
201 RIV HTS WAY, GRANTS PASS, OR 97527-5432
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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