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    Downtown Medford Office Condo Title is generated by Realmo AI

    1 W Main Street Unit 201, Medford, OR 97501

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    For Sale
    $7,700,000

    Turn-key office space in premier downtown Medford location.

    Type:General Commercial
    Property size:
    30,964 SF
    Price / SF:
    $248/SF
    Added:
    Oct 23, 2024
    Days on Market:
    577
    Last Refresh:
    Apr 1 at 8:34 pm

    Property Features for 1 W Main Street Unit 201

    General Information

    Standard status
    Active
    Size
    30,964 SF
    Property subtype
    General Commercial

    Building Details

    Year Built
    2014

    We can help!

    Listing Contact
    William Leever

    Listing agent William Leever

    Listing office Pulver and Leever Real Estate

    Listing date Oct 23, 2024

    Source Xome

    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 Pulver and Leever Real Estate

    HighLights

    • Turn‑key, modern, and immaculate finished/furnished office space (19,016 SF).
    • Located in a premier professional office building in downtown Medford.
    • Attached to a private parking garage with ample covered parking.
    • Includes additional cold shell space (9,972 SF) for expansion or customization.
    • Part of the One West Main Building, home to prominent companies.
    • Built in 2014.

    Overview

    Located in downtown Medford, this modern, immaculate office space is situated in a premier professional office setting. The offering includes the entire 2nd floor of the One West Main Building, previously serving as the corporate headquarters for ProCare Software and becoming available in December 2024. The 2nd-floor condo unit encompasses approximately 30,964 total square feet, divided into 19,016 square feet of finished and furnished office space, 9,972 square feet of cold shell space, and 1,976 square feet of common areas and bathrooms. The building was designed as a headquarters for multiple prominent companies and currently houses Pacific Retirement Services on the 3rd floor and Rogue Disposal on the 4th floor. The property includes access to a private parking garage with ample covered parking for employees and staff. The space is also available for lease.
    Location Intelligence

    Current Use by Public Records

    Rogue Valley Manor ... Charitable Organization Move2Oregon Real Estate ... Advertising Agency prs procare Business Service Center Jackson County Recycling ... Recycling Center Rogue Disposal & Recycling Waste Management Facility

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.8735254
    Latitude
    42.3262869

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    FAQs

    What type of property is this?
    Office building - Turn-key office space in premier downtown Medford location.
    Where is this office building located?
    The property is located at 1 W Main Street Unit 201 Medford, OR.
    What is the asking price?
    The asking price for this property is $7,700,000.
    What are key features of this property?
    This property features: Turn‑key, modern, and immaculate finished/furnished office space (19,016 SF).; Located in a premier professional office building in downtown Medford.; Attached to a private parking garage with ample covered parking.
    (541) 773-5391
    We can help!
    Listing Contact
    William Leever
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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