Flex Property with Warehouse
For Sale
$850,000
3839 S Pacific Highway, Medford, OR 97501
Commercial Sale, Medford, OR
Property Size5,028 SF
Lot Size0.84 Acres
Price / SF$169.05
Days on Market520
Property Features for 3839 S Pacific Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-H
Parking features
Garage, Carport, Parking Lot, RV
Window features
Vinyl Frames
Interior features
Wired for Data, Wired for Sound
Lot features
Fenced, Level
Directions
Hwy 99 south, across from the Harley Davidson building.
Standard status
Active
APN
10020470
Size
5,028 SF
Lot size
0.84 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7721
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Ductless (Heating)
Cooling system
Heat Pump, Ductless, Central Air
Water source
Public
Building Details
Year built
2021
Floors in Building
1
Number of units
2
Flooring type
Concrete
Building materials
Block, Frame
Roof type
Metal
Additional Structures
RV/Boat Storage
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
Lucas Scott · License #201105057
(541) 324-9960
Added: Mar 28, 2025
Changed: Aug 28
Last Checked: Aug 29 at 10:06AM
MLS# 220198332
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.
Investment Insights
Based on property information with market context.
Built in 2021, the property comprises two commercial buildings totaling 5,028 square feet. The building at 3847 S Pacific Hwy contains 2,792 square feet with office space, a kitchen, meeting areas, two bathrooms, and finished garage or warehouse space. The 2,236-square-foot building at 3839 S Pacific Hwy follows a similar layout, includes one bathroom, and currently operates as a salon.
The 0.84-acre site is fully fenced and includes an eight-bay, 1,920-square-foot carport, a shared asphalt parking lot with 10 spaces, garage parking, and RV parking. The property is zoned Commercial Highway (C-H), with public water and public sewer service. Traffic counts along this section of Hwy 99 exceed 15,000 vehicles per day.
The 0.84-acre site is fully fenced and includes an eight-bay, 1,920-square-foot carport, a shared asphalt parking lot with 10 spaces, garage parking, and RV parking. The property is zoned Commercial Highway (C-H), with public water and public sewer service. Traffic counts along this section of Hwy 99 exceed 15,000 vehicles per day.
Key Highlights
- 5,028 SF across two commercial buildings, constructed in 2021
- 3847 S Pacific Hwy includes 2,792 SF of offices, kitchen, meeting areas, two bathrooms, and finished garage or warehouse space
- 3839 S Pacific Hwy contains 2,236 SF, one bathroom, and an operating salon
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,543
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,230,860
$1.2M
Cap Rate 7%
$879,186
$879.2K
Cap Rate 9%
$683,811
$683.8K
Market Conditions
NOI Build-Up for 5,028 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$96.5K $19.20/SF
− Vacancy
−$14.5K −$2.88/SF
EGI
$82.1K $16.32/SF
− OpEx
−$20.5K −$4.08/SF
NOI
$61.5K $12.24/SF
Area
Jackson County, OR
Vacancy
15.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,230,860
Cap Rate 7%
$879,186
Cap Rate 9%
$683,811
Alternative Uses
Best Use
Office B
$879.2K
$769.3K – $1.03M
NOI $61,543 @ 7.0% cap · market cap 7.24%
Second Best
Flex RnD
$654.8K
$573.0K – $764.0K
NOI $45,837 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $84,953 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97501, OR
47,519
Population
19,370
Households
2.5
Avg Household Size
37
Median Age
20%
College-Educated
90%
High-School Grad
45.3 sq mi
ZIP Area
1,049
Density / Sq Mi
$61,971
Median Household Income
$36,471
Median Earnings
$1,238
Median Rent
$325,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two commercial buildings combine offices, meeting areas, salon space, and finished garage or warehouse areas on a fenced site.
Where is this flex space located?
The property is located at 3839 S Pacific Highway Medford, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 5,028 SF across two commercial buildings, constructed in 2021; 3847 S Pacific Hwy includes 2,792 SF of offices, kitchen, meeting areas, two bathrooms, and finished garage or warehouse space; 3839 S Pacific Hwy contains 2,236 SF, one bathroom, and an operating salon
