Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    117 N Central Ave Medford, OR 97501

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    5,000 SF retail space in Medford's Central Business District.

    Property size:
    10,000 SF
    Lot size:
    0.46 Acres

    Property Features for 117 N Central Ave

    General Information

    Size
    10,000 SF
    Lot size
    0.46 Acres

    We can help!

    Listing Contact
    Richard Bauernfeind
    Richard Bauernfeind
    Source: Moodyscre

    Listing Agent: Richard Bauernfeind

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Downtown Medford Retail Opportunity

    This property features a 5,000 sq. ft. ground floor retail space located in the heart of Medford's Central Business District. The property is a mixed-use building with residential tenants on the second floor, which can help offset overhead costs. The building previously housed the ARC JACKSON COUNTY Thrift Store, which also served residential clients in the apartments above. This 10,000 sqft property offers an opportunity to operate a business in a growing retail community. The building has recently undergone a complete roof repair.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    RCC Riverside Campus ... Community College TRiO Rogue Opportunity ... Charitable Organization Tree Service Experts ... Landscaping

    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
    -122.873494
    Latitude
    42.327633

    Nearby Similar for Sale

    • New
      $399,000
      1,482 SF

      Medford Commercial Building For Sale

      Standalone commercial building near downtown Medford, turnkey with equipment.
      147 N Holly St, Medford, OR 97501
      View Details
    • New
      $325,000
      1,088 SF

      Medford Commercial Property For Sale

      Centrally located commercial property with multiple tenant possibilities.
      1016 Court St, Medford, OR 97501
      View Details
    • $85,000
      1,500 SF

      Wild Birds Unlimited Franchise Opportunity

      Turnkey retail franchise in Medford Center with trained staff.
      961 Medford Ctr, Medford, OR 97504
      View Details
    • New
      $1,095,000
      14,338 SF

      Downtown Medford Office Building

      Large, dividable office building near downtown Medford revitalization plan.
      145 N Bartlett St, Medford, OR 97501
      View Details
    • $379,000
      1,944 SF

      Downtown Medford Commercial Corner Location

      Prime commercial building with high visibility and flexible floor plan.
      36 S Riverside Ave, Medford, OR 97501
      View Details
    • $320,000
      694 SF

      Medford Commercial Opportunity For Sale

      High-traffic commercial property suitable for retail or service businesses.
      420 S Central Ave, Medford, OR 97501
      View Details
    • $1,503,400
      51,300 SF

      Versatile Commercial Building in Medford

      51,300 SF building with office, warehouse, and retail space.
      327 S Fir St, Medford, OR 97501
      View Details
    • $395,000

      Medford Commercial Property For Sale

      Live music bar and night club in Medford, Oregon.
      31 S Grape St, Medford, OR 97501
      View Details
    • New
      $444,500
      2,460 SF

      Medford Triplex with ADU Potential

      Triplex with detached garage, ADU potential, and long-term tenants.
      112 N Columbus Ave, Medford, OR 97501
      View Details
    • $1,050,000
      3,808 SF

      Class A Office Building

      Professional office building in East Medford near the airport.
      810 O'hare Pkwy, Medford, OR 97504
      View Details
    • $950,000
      5,028 SF

      Medford Commercial Property For Sale

      Versatile commercial property with office, warehouse, and retail space.
      3839 S Pacific Hwy, Medford, OR 97501
      View Details
    • $599,000
      1,858 SF

      Medford Fourplex: Investor Opportunity

      Fourplex in downtown Medford, fully leased with renovated units.
      440 N Grape St, Medford, OR 97501
      View Details

    FAQs

    What type of property is this?
    Retail space - 5,000 SF retail space in Medford's Central Business District.
    Where is this retail space located?
    The property is located at 117 N Central Ave Medford, OR.
    What are key features of this property?
    This property features: - 5,000 sq. ft. ground floor retail space in Medford's Central Business District.; - 2nd floor residential tenants provide income to offset overhead.; - Opportunity to operate a business in a growing retail community.
    (541) 821-2169 Call to check price and availability
    Request Owner's contact information
    117 N Central Ave Medford, OR 97501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    117 N Central Ave
    Medford, OR 97501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    117 N Central Ave Medford, OR 97501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Richard Bauernfeind
    Richard Bauernfeind
    (541) 821-2169 (541) 734-5500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!