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    221 W Stewart Ave Unit, Unit 102 Medford, OR 97501

    View on Map
    Sponsored
    For Lease
    $2.00 SF/Yr ($1,435 /Mo)

    COMMERCIAL - Medford, OR

    Property size:
    8,612 SF
    Lot size:
    1.52 Acres
    Days on Market:
    62
    Last Refresh:
    Mar 7 at 2:06 am

    Property Features for 221 W Stewart Ave Unit

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Security features
    Security System
    Window features
    Double Pane Windows
    APN
    10912121
    Parking features
    Parking Lot
    Interior features
    Built-in Features, Laminate Counters, Wired for Data
    Size
    8,612 SF
    Lot size
    1.52 Acres

    Utilities

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

    Building Details

    Year built
    1997
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl, Tile, Simulated wood, Carpet
    Building materials
    Steel Frame, Concrete
    Roof type
    Membrane

    We can help!

    Listing Contact
    Rowe Real Estate Team

    John L Scott (541) 779-3611

    Listing agent Rowe Real Estate Team (541) 708-3975

    Listing date Jan 5, 2026

    MLS# 220208837

    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

    Medford Medical Offices For Rent

    Ground-level medical offices are available for rent in the Lausmann Business Center, situated near the growing commercial and residential areas of Southwest Medford. The available space, Suite 102, features a waiting room, reception desk, built-in retail displays, 14 exam rooms each equipped with sinks and built-ins, an optical workroom with a separate private office, a records room, a billing office, consulting and scheduling rooms, a tech station, a research office, two screening rooms, a field room, a testing office, a breakroom, a sub-waiting room, a procedure room, six private restrooms, one of which includes a shower, and two corridor exits. The business center has an established mix of professional services, legal, medical, and government offices. Flexible build-to-suit tenant improvements are available with lease terms. The property is located in a high-traffic corridor of West Stewart Avenue and South Pacific Highway 99, and it is within a quarter-mile of Providence Stewart Meadows Medical Plaza, Fichtner-Mainwaring Park, and Stewart Meadows Village. The lot size is 1.52 acres and the property size is 8,612 square feet. The intended use of the property is for commercial real estate, medical offices, and office properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Map

    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.865289
    Latitude
    42.312305

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    FAQs

    What type of property is this?
    Medical Office Space - Ground-level medical offices in Lausmann Business Center, Medford.
    Where is this medical office space located?
    The property is located at 221 W Stewart Ave Unit, Unit 102 Medford, OR.
    What is the lease rate?
    The lease rate is $2.00 SF/Yr.
    What are key features of this property?
    This property features: - Ground-level medical offices in a high-traffic location near Providence Stewart Meadows Medical Plaza.; - **Versatile layout with 14 exam rooms, multiple offices, and specialized rooms (optical, records, billing, etc.).**; - Flexible build-to-suit tenant improvements available.
    (541) 708-3975
    Request Owner's contact information
    221 W Stewart Ave Unit, Unit 102 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
    221 W Stewart Ave Unit, Unit 102 Medford, OR 97501
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    We can help!
    Listing Contact
    Rowe Real Estate Team
    Real Estate License ID: 201218617
    (541) 708-3975 (541) 488-1311
    Learn more
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