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4609 S 6th St 7,320 SF 100% Leased Retail Building Klamath Falls, OR 97603 $799,425 CAD ($109.21 CAD/SF) 7.37% Cap Rate
Investment Highlights
- Very high traffic count on what is also State Hwy 39/140
- Fully leased
- Popular area for both retail and service outlets including grocery, store, restaurants, fast food, offices, medical services, etc.
- Plentiful off-street parking and extra lot area
- Zoned general commercial allowing for many different uses
Executive Summary
4609 and 4615 S 6th St commercial building with very high traffic count of 19,970 vehicles per day. Corner lot. 7320 SF divided into two units. Off street parking lot. Both units are currently leased. Building features 3 exterior overhead doors. Owner pays water, sewer and shell maintenance. One unit has 800 sf mezzanine for storage. New exterior paint. Extra area behind the building has chain link fencing and is included in the leases. Contact listing agent for financial information. Please do not disturb tenants. Interior pictures are from prior to tenant move in.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$72,961
|
$9.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,961
|
$9.97
|
| Taxes |
$4,973
|
$0.68
|
| Operating Expenses |
$9,813
|
$1.34
|
| Total Expenses |
$14,787
|
$2.02
|
| Net Operating Income |
$58,174
|
$7.95
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $72,961 |
| Annual Per SF | $9.97 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $72,961 |
| Annual Per SF | $9.97 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,973 |
| Annual Per SF | $0.68 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $9,813 |
| Annual Per SF | $1.34 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $14,787 |
| Annual Per SF | $2.02 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $58,174 |
| Annual Per SF | $7.95 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
7,320 SF
Building Class
C
Year Built
1960
Price
$799,425 CAD
Price Per SF
$109.21 CAD
Cap Rate
7.37%
NOI
$58,932 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.59 AC
Zoning
C, Klamath Falls - general commercial
Parking
15 Spaces (2.05 Spaces per 1,000 SF Leased)
Frontage
135’ on S 6th St
Amenities
- Bus Line
- Corner Lot
Walk Score®
Very Walkable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | R517854 | Total Assessment | $258,741 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $4,973 CAD ($0.68 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
R517854
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$258,741 CAD (2025)
Annual Taxes
$4,973 CAD ($0.68 CAD/SF)
Tax Year
2024
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4609 S 6th St
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