Two-Suite Office
For Sale
$1,050,000
Pending
810 O'Hare Parkway, Medford, OR 97504
Commercial Sale, Medford, OR
Property Size3,808 SF
Lot Size0.44 Acres
Days on Market228
Property Features for 810 O'Hare Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
M-I-L
Parking features
Driveway
Subdivision
Navigators Landing
Standard status
Pending
APN
10972372
Size
3,808 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10499
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
private offices
conference room
break room
unisex restroom
Building Details
Year built
2007
Floors in Building
1
Number of units
1
Flooring type
Carpet, Vinyl
Building materials
Frame
Roof type
Tile
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
James E North · License #200310092
(541) 734-5280
Added: Jan 13
Changed: Aug 28
Last Checked: Aug 29 at 10:06AM
MLS# 220213677
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 2007, this 3,808-square-foot office building is arranged as two suites within a 0.44-acre property. The occupied portion measures approximately 2,200 square feet, with its lease scheduled to end September 30, 2026. The remaining approximately 1,600-square-foot suite is vacant and includes multiple private offices, a conference room, break room, and unisex restroom.
The property is located at 810 O'Hare Parkway in Medford, near Rogue Valley International Airport. On-site parking includes 18 spaces, with additional off-street parking available if needed. Construction is frame, with vinyl and carpet flooring, a tile roof, public water, and public sewer.
The property is located at 810 O'Hare Parkway in Medford, near Rogue Valley International Airport. On-site parking includes 18 spaces, with additional off-street parking available if needed. Construction is frame, with vinyl and carpet flooring, a tile roof, public water, and public sewer.
Key Highlights
- 3,808‑square‑foot office building on 0.44 acres
- Two‑suite configuration with approximately 2,200 SF occupied and approximately 1,600 SF vacant
- Occupied suite lease scheduled to expire September 30, 2026
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
$46,610
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
4.44%
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%
$932,200
$932.2K
Cap Rate 7%
$665,857
$665.9K
Cap Rate 9%
$517,889
$517.9K
Market Conditions
NOI Build-Up for 3,808 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
$73.1K $19.20/SF
− Vacancy
−$11.0K −$2.88/SF
EGI
$62.1K $16.32/SF
− OpEx
−$15.5K −$4.08/SF
NOI
$46.6K $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%
$932,200
Cap Rate 7%
$665,857
Cap Rate 9%
$517,889
Alternative Uses
Best Use
Office B
$665.9K
$582.6K – $776.8K
NOI $46,610 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$919.1K
$804.3K – $1.07M
NOI $64,340 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Explore this area
Business Placement
Demographics for 97504, OR
49,942
Population
21,290
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
93%
High-School Grad
43.3 sq mi
ZIP Area
1,153
Density / Sq Mi
$81,233
Median Household Income
$43,744
Median Earnings
$1,387
Median Rent
$447,800
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?
Office building - Office property with one leased suite and a separately configured vacant workspace near Rogue Valley International Airport.
Where is this office building located?
The property is located at 810 O'Hare Parkway Medford, OR.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 3,808‑square‑foot office building on 0.44 acres; Two‑suite configuration with approximately 2,200 SF occupied and approximately 1,600 SF vacant; Occupied suite lease scheduled to expire September 30, 2026
