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    1445 Center Dr Medford, OR 97501

    View on Map
    Sponsored
    For Lease
    $12,500 /Mo ($16 SF/Yr)

    COMMERCIAL - Medford, OR

    Property size:
    9,170 SF
    Lot size:
    1.70 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 14 at 6:06 pm

    Property Features for 1445 Center Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Security features
    Security System
    APN
    10983463
    Parking features
    Parking Lot
    Patio and Porch features
    Patio
    Interior features
    Ceiling Fan(s), Smart Lighting, Wired for Data, Wired for Sound
    Size
    9,170 SF
    Lot size
    1.70 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2019
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl, Tile, Concrete
    Building materials
    Brick, Concrete, Frame
    Roof type
    Membrane

    We can help!

    Listing Contact
    Rutledge Property Group

    EXP REALTY LLC (888) 814-9613

    Listing agent Rutledge Property Group (541) 778-9677

    Listing date Mar 14, 2026

    MLS# 220217128

    Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Class A Restaurant Space Available

    This is a fantastic opportunity to take over a 9170 square foot Class A restaurant space located in the South Medford Center. The property benefits from its adjacency to major franchises, including MOD Pizza, Chipotle, Jersey Mike's, 5 Guys, and a Shell gas station. The location offers high visibility and high traffic, and is close to Lithia fields. The property features a massive parking lot with over 120 parking spaces and a Rivian charging station. There are 7 hotels within a 1-mile radius. The restaurant space includes floor drains, a walk-in cooler, and a walk-in freezer. It is equipped with two massive hoods with full fire suppression systems and is wired for POS systems, sound controls, and lighting controls throughout. The layout includes large kitchen and prep areas, a manager's office, and a breakroom. A security system and a full fire sprinkler system are in place. The property is offered in its current state and has no CAMS.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.850925
    Latitude
    42.309934

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    FAQs

    What type of property is this?
    Conventional restaurant - 9170 SQFT restaurant space in South Medford Center for rent.
    Where is this conventional restaurant located?
    The property is located at 1445 Center Dr Medford, OR.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - 9170 SQFT Class A restaurant space with massive parking lot (120+ spaces) and no CAMS.; - High-visibility, high-traffic location in South Medford Center, adjacent to major franchises.; - Equipped with two massive hoods with full fire suppression systems, walk-in cooler and freezer, and floor drains.
    (541) 778-9677
    Request Owner's contact information
    1445 Center Dr Medford, OR 97501
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    Medford, OR 97501
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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
    1445 Center Dr Medford, OR 97501
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    We can help!
    Listing Contact
    Rutledge Property Group
    Real Estate License ID: 201007081
    (541) 778-9677 (888) 814-9613
    Learn more
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