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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Klamath Falls, OR 97601

    • Commercial real estate
    • 15,493 SF
    • 21.42 lot acres
    OFF-MARKET
    Last Sale
    Jun 04, 2020
    $1,700,000
    Value Estimations
    $1,940,000
    Show details
    Cap Rate Potential
    6.5%
    Commercial real estate
    Location Intelligence
    Property ID
    US71-1369126
    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

    • Commercial real estate

    Property Details

    Lot size
    21.42 lot acres
    Property size
    15,493 SF
    Zone code
    PUD
    Property type
    Commercial real estate
    APN
    R-3909-00700-01500-000
    APU
    R39090070001500000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,150,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,340,000
      6.5%
      $2,160,000
      7%
      $2,005,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,964,000
      Market price range: $841k - $1.96M
      AI Estimate
      $1,964,000
      Market price range: $841k - $1.96M

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

    Location Insight

    • Map
    • Local Demand
    City
    Klamath Falls
    County
    Klamath
    State
    Oregon
    Longitude
    -121.799
    Latitude
    42.1858
    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
    $25,547
    $0.00
    $0.00
    $1,724,850
    -
    $149,340
    $2,056,290
    $2,205,630

    Comparable in this City

    • Value Estimation by Request
      2.37 Acres

      Timbermill Dr

      Land • 2.37 Acres
      0 Timbermill Dr, Klamath Falls, OR 97601
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    • Value Estimation by Request
      0.04 Acres

      1216 Pne St

      COMMERCIAL (GENERAL) • 0.04 Acres
      1216 Pne St, Klamath Falls, OR 97601
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    • Value Estimation by Request
      0.14 Acres

      2535 Shasta Way

      COMMERCIAL (GENERAL) • 0.14 Acres
      2535 Shasta Way, Klamath Falls, OR 97601
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    • Value Estimation by Request
      3.92 Acres

      3817 Hwy 97

      COMMERCIAL (GENERAL) • 3.92 Acres
      3817 Hwy 97, Klamath Falls, OR 97601-9444
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    • Value Estimation by Request
      0.10 Acres

      829 Jefferson St

      COMMERCIAL (GENERAL) • 0.10 Acres
      829 Jefferson St, Klamath Falls, OR 97601
      View Details
    • Value Estimation by Request
      0.13 Acres

      919 Klamath Ave

      COMMERCIAL (GENERAL) • 0.13 Acres
      919 Klamath Ave, Klamath Falls, OR 97601-5807
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.37 Acres

      Timbermill Shores: Lakefront Development

      Klamath Falls lakefront land, mixed-use zoning.
      0 Timbermill Dr, Klamath Falls, OR 97601
      View Details
    • $2,750,000
      10.00 Acres

      Klamath Falls Development Land

      10 Acres, Hwy 97 frontage, prime location.
      0 Biehn St, Klamath Falls, OR 97601
      View Details
    • $850,000
      9,799 SF

      Historic Klamath Falls Property

      Unique Multifamily/Church Building
      801 Jefferson St, Klamath Falls, OR 97601
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    • $1,000,000
      4,760 SF

      The Former Fireside Inn at Rocky Point

      Self storage facilities • 4,760 SF
      24617 Rocky Point Rd, Klamath Falls, OR 97601
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    • $59,000
      5.00 Acres

      Five-Acre Residential Lots with Views

      Five-acre sloping parcel with lake and mountain views.
      Algoma Rd, Klamath Falls, OR 97601
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    • $325,000

      Commercial Mixed Use Acreage Available

      Commercial mixed-use 0.83 acre lot in Timbermill Shores.
      11 Timbermill Dr, Klamath Falls, OR 97601
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    Similar Nearby for Lease

    • $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
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    • $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
    • $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
    • 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
    • $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
    • $0.50 SF/Yr
      52,272 SF

      Klamath Falls Warehouse Spaces Available

      Dry warehouse spaces available for lease in Klamath Falls.
      615 S Spring St, Klamath Falls, OR 97601
      View Details
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    Klamath Falls, OR 97601
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    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
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