Commercial Land with Existing
For Sale
$285,000
420 S Central Avenue, Medford, OR 97501
Commercial Sale, Medford, OR
Property Size694 SF
Lot Size0.17 Acres
Price / SF$410.66
Days on Market444
Property Features for 420 S Central Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
CC
Parking features
Carport, Alley
Security features
Security System
Lot features
Fenced, Level
Standard status
Active
APN
10371803
Size
694 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1684
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1939
Floors in Building
1
Number of units
1
Flooring type
Carpet
Roof type
Composition
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
Collin Quaid · License #201258667
(541) 944-0677
Added: Jun 12, 2025
Changed: Aug 28
Last Checked: Aug 29 at 8:06AM
MLS# 220203809
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.
This 0.17-acre commercial land offering includes a 694-square-foot improvement constructed in 1939. The structure has carpeted interiors, forced-air heating, central air conditioning, a composition roof, and a carport. Parking access also includes an alley, providing an additional point of entry.
Public water and public sewer serve the property. Located at 420 S Central Avenue in Medford, Oregon, the parcel carries a commercial classification in the listing data and includes existing site improvements that may support a range of commercial applications, subject to applicable approvals.
Public water and public sewer serve the property. Located at 420 S Central Avenue in Medford, Oregon, the parcel carries a commercial classification in the listing data and includes existing site improvements that may support a range of commercial applications, subject to applicable approvals.
Key Highlights
- 0.17‑acre commercial land parcel in Medford, OR
- 694‑square‑foot improvement built in 1939
- Public water and public sewer available
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
$9,601
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
3.37%
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%
$192,020
$192.0K
Cap Rate 7%
$137,157
$137.2K
Cap Rate 9%
$106,678
$106.7K
Market Conditions
NOI Build-Up for 694 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
$15.0K $21.60/SF
− Vacancy
−$1.3K −$1.84/SF
EGI
$13.7K $19.76/SF
− OpEx
−$4.1K −$5.93/SF
NOI
$9.6K $13.83/SF
Area
Jackson County, OR
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$192,020
Cap Rate 7%
$137,157
Cap Rate 9%
$106,678
Alternative Uses
Best Use
Retail
$137.2K
$120.0K – $160.0K
NOI $9,601 @ 7.0% cap · market cap 3.37%
Second Best
Industrial
$63.2K
$55.3K – $73.8K
NOI $4,426 @ 7.0% cap · market cap 1.55%
Theoretical Best
Office A
$167.5K
$146.6K – $195.4K
NOI $11,726 @ 7.0% cap · market cap 4.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,704
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 32%
Apparel 6%
Hotels & Casinos 1%
Dutch Bros. Coffee
Dining
10,144 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
8,752 visits/mo
0.3 miles
Umpqua Bank
Shops & Services
5,813 visits/mo
0.1 miles
U.S. Bank
Shops & Services
1,926 visits/mo
0.4 miles
VIM
Apparel
1,892 visits/mo
0.2 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial parcel with public utilities, alley access, covered parking, and an existing climate-controlled improvement.
Where is this commercial land located?
The property is located at 420 S Central Avenue Medford, OR.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 0.17‑acre commercial land parcel in Medford, OR; 694‑square‑foot improvement built in 1939; Public water and public sewer available
