Office Suite with Patio
For Sale
$230,000
1016 Court Street, Medford, OR 97501
Office suite features four private offices, a kitchen and bathroom, plus a covered patio with two private entrances.
Days on Market143
Property Features for 1016 Court Street
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Building Size
1,088 SF
Year Built
1940
Listing Agency:
John L. Scott Medford
(541) 734-5280
Listed By:
James E North · License #200310092
(541) 734-5280
Source:
Allprofessionalsre
Added: Mar 10
Changed: Jul 26
Last Checked: Jul 29 at 12:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John L. Scott Medford
Investment Insights
Based on property information with market context.
This office suite includes a covered front porch leading to a reception area. Inside, the space is configured with four private offices, along with a kitchen and bathroom. Additional features include a back covered patio and two additional private entrances that can support multiple tenant possibilities. The property also has a brand-new roof.
The property is centrally located in the heart of Medford and is zoned C-G, offering a variety of uses. Parking is available with 10 paved spaces located on the side and back of the property.
The property is currently rented for $1,400 per month.
The property is centrally located in the heart of Medford and is zoned C-G, offering a variety of uses. Parking is available with 10 paved spaces located on the side and back of the property.
The property is currently rented for $1,400 per month.
Key Highlights
- 1940‑built office suite zoned C‑G, centrally located in Medford
- Brand new roof
- 4 private offices plus kitchen and bathroom
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.9k | $19.20 |
| − Vacancy | −$3.1k | −$2.88 |
| EGI | $17.8k | $16.32 |
| − OpEx | −$4.4k | −$4.08 |
| NOI | $13.3k | $12.24 |
1,088 SF · lease $19.20/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$190.2K
$166.5K – $222.0K
NOI $13,317 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$262.6K
$229.8K – $306.4K
NOI $18,383 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,375
Businesses Nearby
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?
Office units - Office suite features four private offices, a kitchen and bathroom, plus a covered patio with two private entrances.
Where is this office units located?
The property is located at 1016 Court Street Medford, OR.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1940‑built office suite zoned C‑G, centrally located in Medford; Brand new roof; 4 private offices plus kitchen and bathroom
