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545 A St

4,950 SF 100% Leased Office Building Ashland, OR 97520 $1,500,000 ($303/SF) 3.74% Cap Rate

Investment Highlights

  • Mixed-use commercial and residential building in Ashland's historic Railroad District
  • Financials, proforma, improvements, maintenance records, and floor plans available
  • Thoroughly maintained and upgraded with low-e windows, fresh exterior paint, new furnaces and AC units, and a new roof

Executive Summary

First time on market for this charming mixed-use commercial and residential building in the heart of Ashland's historic
Railroad District, located within a flat half-mile radius of parks, restaurants, shopping, and downtown entertainment! Main level
with two long-term commercial tenants; upper level with two residential tenants approaching first year of occupancy. Property
has been thoroughly maintained and upgraded with low-e windows, fresh exterior paint, new furnaces and AC units, and a new
roof within the last nine years. Each commercial unit with half-bath; residential units with spacious living rooms, full kitchens,
and one to two bedrooms and full bathrooms. Alley access to Ashland’s central bike path, five private parking spaces, and one
shared ADA space. Courtyard with mature ornamental trees and plantings. Inquire with agents to access full due diligence
package – including financials, proforma, improvements, maintenance records, floor plans, and more!

Financial Summary (Pro forma - 2025)

Annual Annual Per SF
Gross Rental Income $89,681 $18.12
Other Income - -
Vacancy Loss - -
Effective Gross Income $89,681 $18.12
Taxes $13,079 $2.64
Operating Expenses $20,558 $4.15
Total Expenses $33,637 $6.80
Net Operating Income $56,044 $11.32

Financial Summary (Pro forma - 2025)

Gross Rental Income
Annual $89,681
Annual Per SF $18.12
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $89,681
Annual Per SF $18.12
Taxes
Annual $13,079
Annual Per SF $2.64
Operating Expenses
Annual $20,558
Annual Per SF $4.15
Total Expenses
Annual $33,637
Annual Per SF $6.80
Net Operating Income
Annual $56,044
Annual Per SF $11.32

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,950 SF
Building Class
A
Year Built
1997
Price
$1,500,000
Price Per SF
$303
Cap Rate
3.74%
NOI
$56,100
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,475 SF
Building FAR
0.85
Land Acres
0.13 AC
Zoning
E-1 - "The district is designed to provide for a variety of uses such as office, retail, or manufacturing in an aesthetic environment..." (i.e., mixed use)
Parking
5 Spaces (1.01 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Conferencing Facility
  • Courtyard
  • Signage
  • Skylights
  • Wheelchair Accessible
  • Kitchen
  • Accent Lighting
  • Reception
  • Storage Space
  • Central Heating
  • DDA Compliant
  • High Ceilings
  • Natural Light
  • Partitioned Offices
  • Plug & Play
  • Recessed Lighting
  • Secure Storage
  • Shower Facilities
  • Monument Signage
  • Outdoor Seating
  • Air Conditioning
  • Fiber Optic Internet
  • Smoke Detector

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • 937 SF
  • $1.62
  • Modified Gross
  • Jun 2029

When Bob James founded Raymond James, he did so based on a belief that clients deserved more than help with investment decisions, they needed advice that considered their entire financial picture. Today, that client-focused approach has extended to serve client accounts through thousands of financial advisors in the United States, Canada and overseas. Further, the company has expanded through the years to serve corporations, institutions and municipalities through significant capital markets, banking and asset management services.

  • Millen Property Group
  • Real Estate
  • 1,168 SF
  • $1.81
  • Modified Gross
  • Jan 2027
  • Unit 4 (Residential)
  • -
  • 868 SF
  • $1.67
  • Modified Gross
  • Sep 2024
  • Unit 5 (Residential)
  • -
  • 1,338 SF
  • $1.41
  • Modified Gross
  • Dec 2024
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Finance and Insurance 937 SF $1.62 Modified Gross Jun 2029
Millen Property Group Real Estate 1,168 SF $1.81 Modified Gross Jan 2027
Unit 4 (Residential) - 868 SF $1.67 Modified Gross Sep 2024
Unit 5 (Residential) - 1,338 SF $1.41 Modified Gross Dec 2024
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10828855
Land Assessment
$42,720 (2024)
Improvements Assessment
$775,850 (2024)
Total Assessment
$818,570 (2024)
Annual Taxes
$13,079 ($2.64/SF)
Tax Year
2025
  • Listing ID: 32976555

  • Date on Market: 8/27/2024

  • Last Updated:

  • Address: 545 A St, Ashland, OR 97520

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