1900 Main St
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1900 Main St
9,432 SF 92% Leased Office Building Klamath Falls, OR 97601 $1,200,000 ($127/SF) 8% Cap Rate
Investment Highlights
- Possible owner carry
- Generous parking
- Economical geothermal heat system
- High occupancy
Executive Summary
Possible owner carry. Five commercial spaces in one building. low heating cost with geothermal heating. Located just off Crater Lake Parkway near the Ella Redkey Pool and across from the USDA Center. Spacious parking lot. Owners are Oregon Licensed Realtors. The listing agent and owners own the listing real estate company. Good return on your investment. Contact listing agent for financial information. Each space has access to the geothermal heating system and its own A/C. Owner provides exterior maintenance, water, sewer and geothermal heating along with parking lot and central hallway electricity. Year built is estimated.
Data Room Click Here to Access
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$126,000
|
$13.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$126,000
|
$13.36
|
| Taxes |
$11,062
|
$1.17
|
| Operating Expenses |
$18,460
|
$1.96
|
| Total Expenses |
$29,522
|
$3.13
|
| Net Operating Income |
$96,478
|
$10.23
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $126,000 |
| Annual Per SF | $13.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $126,000 |
| Annual Per SF | $13.36 |
| Taxes | |
|---|---|
| Annual | $11,062 |
| Annual Per SF | $1.17 |
| Operating Expenses | |
|---|---|
| Annual | $18,460 |
| Annual Per SF | $1.96 |
| Total Expenses | |
|---|---|
| Annual | $29,522 |
| Annual Per SF | $3.13 |
| Net Operating Income | |
|---|---|
| Annual | $96,478 |
| Annual Per SF | $10.23 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
9,432 SF
Building Class
C
Year Built
1980
Price
$1,200,000
Price Per SF
$127
Cap Rate
8%
NOI
$96,000
Percent Leased
92%
Building Height
1 Story
Typical Floor Size
9,432 SF
Building FAR
0.33
Lot Size
0.65 AC
Zoning
NC - Neighborhood commercial
Parking
32 Spaces (3.39 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 722 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 722 SF | Office | - | Now |
1st Floor
| Size |
| 722 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
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Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | R417114 | Total Assessment | $687,430 (2023) |
| Land Assessment | $0 (2023) | Annual Taxes | $11,062 ($1.17/SF) |
| Improvements Assessment | $0 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R417114
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$687,430 (2023)
Annual Taxes
$11,062 ($1.17/SF)
Tax Year
2024
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Presented by
Rookstool Moden Realty LLC
1900 Main St
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