Bank Branch with Development
For Sale
$910,000
1085 Royal Court, Medford, OR 97504
2,500 SF bank branch on 1.05 acres for sale.
Property Size2,500 SF
Lot Size1.05 Acres
Price / SF$364
Days on Market296
Property Features for 1085 Royal Court
General Information
Standard status
Active
Size
2,500 SF
Lot size
1.05 Acres
Property subtype
General Commercial
Amenities
Heat Pump
Vinyl, Carpet
Metal
Asphalt.
1.0
Building Details
Year Built
1989
Stories
1
Listing Agency:
Pulver and Leever Real Estate
(541) 773-5391
Listed By:
William Leever · License #780301889
(541) 773-5391
Source:
Xome
Added: Nov 2, 2025
Changed: Aug 23
Last Checked: Aug 21 at 12:41PM
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
Investment Insights
Based on property information with market context.
The property features an approximately 2,500 SF building constructed in 1989, situated on a 0.46-acre lot, along with an adjacent approximately 0.59-acre paved lot, totaling 1.05 acres. Originally built as a bank branch, the building includes a covered drive-through teller area with multiple lanes. The structure is characterized by stucco siding, a metal roof, and large windows. The oversized property offers potential for additional development, subject to buyer's due diligence. The property borders the hard corner of E. McAndrews Rd and Royal Ave.
Key Highlights
- Large 1.05 acre combined lot size
- Approximately 2,500 SF building
- Includes a covered drive‑through teller area with multiple lanes
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
$36,942
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
4.06%
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%
$738,840
$738.8K
Cap Rate 7%
$527,743
$527.7K
Cap Rate 9%
$410,467
$410.5K
Market Conditions
NOI Build-Up for 2,500 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
$54.9K $21.96/SF
− Vacancy
−$5.6K −$2.26/SF
EGI
$49.3K $19.70/SF
− OpEx
−$12.3K −$4.93/SF
NOI
$36.9K $14.78/SF
Area
Jackson County, OR
Vacancy
10.28%
Lease Rate
$21.96 /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%
$738,840
Cap Rate 7%
$527,743
Cap Rate 9%
$410,467
Alternative Uses
Best Use
Specialty Retail
$527.7K
$461.8K – $615.7K
NOI $36,942 @ 7.0% cap · market cap 4.06%
Second Best
Retail
$494.1K
$432.3K – $576.5K
NOI $34,587 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$603.4K
$528.0K – $704.0K
NOI $42,240 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,841
Businesses Nearby
314k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 30%
Superstores 9%
Beauty & Spa 4%
Barnes & Noble
Shops & Services
31,850 visits/mo
0.4 miles
Big Lots
Superstores
28,312 visits/mo
0.2 miles
Dollar Tree
Shops & Services
24,810 visits/mo
0.2 miles
7-Eleven
Shops & Services
22,043 visits/mo
0.3 miles
Bi-Mart
Shops & Services
20,196 visits/mo
0.2 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - 2,500 SF bank branch on 1.05 acres for sale.
Where is this bank located?
The property is located at 1085 Royal Court Medford, OR.
What is the asking price?
The asking price for this property is $910,000.
What are key features of this property?
This property features: Large 1.05 acre combined lot size; Approximately 2,500 SF building; Includes a covered drive‑through teller area with multiple lanes
