Office Building with Covered
For Sale
$230,000
1016 Court Street, Medford, OR 97501
Four private offices, a reception area, kitchen, and bathroom provide a defined workspace layout.
Property Size1,088 SF
Price / SF$211.40
Days on Market231
Property Features for 1016 Court Street
General Information
Standard status
Active
Size
1,088 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
C-H
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,154
Amenities
covered front porch
reception area
covered back patio
Building Details
Building Size
1,088 SF
Year Built
1940
Stories
1
Units
1
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
James E North · License #200310092
(541) 734-5280
Source:
Desertskyrealestate
Added: Mar 10
Changed: Oct 25
Last Checked: Oct 26 at 3:49AM
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
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Investment Insights
Based on property information with market context.
This 1,088-square-foot office property at 1016 Court Street in Medford has a reception area, four private offices, a kitchen, and a bathroom. A covered porch fronts the building, while a covered patio at the rear connects to two additional private entrances. The roof is new, and the property was built in 1940.
Ten paved parking spaces are located along the side and rear of the property. The building is currently rented.
Ten paved parking spaces are located along the side and rear of the property. The building is currently rented.
Key Highlights
- 1,088‑square‑foot office building with reception area and four private offices
- Two additional private entrances at the rear
- New roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,317
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,340
$266.3K
Cap Rate 7%
$190,243
$190.2K
Cap Rate 9%
$147,967
$148.0K
Market Conditions
NOI Build-Up for 1,088 SF
Gross rent
$20.9K $19.20/SF
− Vacancy
−$3.1K −$2.88/SF
EGI
$17.8K $16.32/SF
− OpEx
−$4.4K −$4.08/SF
NOI
$13.3K $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 Rate 5%
$266,340
Cap Rate 7%
$190,243
Cap Rate 9%
$147,967
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,427
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Four private offices, a reception area, kitchen, and bathroom provide a defined workspace layout.
Where is this office building 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: 1,088‑square‑foot office building with reception area and four private offices; Two additional private entrances at the rear; New roof
