Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    146 E Hersey St Ashland, OR 97520

    Sponsored
    For Sale
    $1,995,000

    F - Ashland, OR

    Lot size:
    0.59 Acres
    Days on Market:
    264
    Last Refresh:
    Jan 20 at 7:06 pm

    Property Features for 146 E Hersey St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    E-1
    APN
    10965129
    Parking
    16
    Parking features
    On Street, Parking Lot
    Interior features
    High Speed Internet, Wired for Data, Wired for Sound
    Lot size
    0.59 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air, Heat Pump
    Water front features
    Pond

    Building Details

    Year built
    2003
    Floors in Building
    1
    Flooring type
    Carpet, Other
    Building materials
    Frame
    Roof type
    Membrane
    Architectural style
    Other

    We can help!

    Listing Contact
    Lucas Scott

    John L Scott (541) 779-3611 [email protected]

    Listing agent Lucas Scott (541) 779-3611 License #201105057

    Listing date May 2, 2025

    MLS# 220200891 Listing URL

    Copyright © 2026 Southern Oregon MLS. 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

    Ashland Commercial Property with Suites

    Located close to downtown Ashland, Oregon, this commercial property offers potential uses including commercial, residential, or mixed-use. Currently, the property features 2 independent medical suites with separate addresses and entrances, and separate utilities. The suites include a total of 10 exam rooms, 5 bathrooms, 2 zero airflow rooms, a surgery suite, breakroom, and an executive office with a private bathroom. The building has a parking lot with 16 spaces and a total area of 5,737 square feet. The seller has building plans to convert 146 E Hersey to a 3-bed, 2-bath residence, and separate plans to add a 2nd story for residential use, allowing for a mixed-use configuration with commercial space on the main level and residential space upstairs. Originally built in 2003, the structure and finishes have been well-maintained and updated. The property is zoned E-1, which allows for a multitude of potential commercial uses. The lot size is 0.59 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    A Street Animal Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Jackson
    State
    Oregon
    Longitude
    -122.709326
    Latitude
    42.200982

    Nearby Similar for Sale

    • $2,450,000
      0.64 Acres

      Ashland Industrial Facility For Sale

      USDA-certified industrial facility in Ashland Business Park, ideal for scaling.
      710 Jefferson Ave, Ashland, OR 97520
      View Details
    • $1,050,000
      1,483 SF

      Ashland Commercial Investment Opportunity

      Commercial investment property near SOU college with five updated units.
      993 Siskiyou Blvd, Ashland, OR 97520
      View Details
    • $800,000
      Pending

      Ashland Commercial Property For Sale

      Commercial property in Ashland, versatile zoning, and high-quality space.
      481 Applegate Way, Ashland, OR 97520
      View Details
    • $1,200,000
      Pending

      Ashland Office/Flex Building For Sale

      10,000 SF building on 1 acre, multiple uses allowed.
      385 Williamson Way, Ashland, OR 97520
      View Details
    • New
      $1,300,000
      0.13 Acres

      Ashland Mixed-Use Investment Opportunity

      Mixed-use property with commercial and residential units in Ashland's Railroad District.
      545 A St, Ashland, OR 97520
      View Details
    • $1,100,000
      215.00 Acres

      Ashland Farm/Estate Opportunity

      215-acre farm/estate near Ashland, Oregon, with home site approval.
      8555 Dead Indian Memorial Rd, Ashland, OR 97520
      View Details
    • New
      $569,000
      Pending

      Charming Ashland Duplex Near Downtown

      Historic, furnished two-unit farmhouse on a large corner lot.
      124 Morton St, Ashland, OR 97520
      View Details
    • $725,000
      0.20 Acres

      Ashland Quadplex Near Downtown

      Fully rented 4-plex in a desirable Ashland neighborhood.
      330 High St, Ashland, OR 97520
      View Details
    • $849,900
      0.07 Acres

      Ashland Multifamily Investment Opportunity

      Six-unit property with five-plex and cottage in Ashland, Oregon.
      36 Dewey St, Ashland, OR 97520
      View Details
    • $150,000
      Pending

      Turnkey Restaurant and Bar Ashland

      Established restaurant and bar in downtown Ashland with loyal customer base.
      82 N Main St, Ashland, OR 97520
      View Details
    • $2,800,000
      3,564 SF

      Ashland Vineyard with Tasting Room

      Turn-key vineyard with tasting room and hospitality suites near Ashland.
      1320 N Mountain Ave, Ashland, OR 97520
      View Details
    • $300,000

      Iconic Ashland Restaurant Opportunity

      Established restaurant with loyal following and prime downtown location.
      84 N Main St, Ashland, OR 97520
      View Details

    FAQs

    What type of property is this?
    Medical office - Commercial property in Ashland with potential for mixed-use conversion.
    Where is this medical office located?
    The property is located at 146 E Hersey St Ashland, OR.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: - Excellent location close to downtown Ashland, Oregon.; - High potential for various uses: commercial, residential, or mixed-use.; - Existing infrastructure includes **2 independent medical suites with separate entrances and utilities**.
    (541) 324-9960
    Request Owner's contact information
    146 E Hersey St Ashland, OR 97520
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    146 E Hersey St
    Ashland, OR 97520
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    146 E Hersey St Ashland, OR 97520
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lucas Scott
    Real Estate License ID: 201105057
    (541) 324-9960
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.