Restaurant Space with Large
For Sale
Contact for pricing
1445 Center Dr, Medford, OR 97501
Existing restaurant improvements include commercial kitchen infrastructure, extensive parking, and integrated building systems.
Property Size9,170 SF
Price / SF$1.36
Days on Market54
Property Features for 1445 Center Dr
General Information
Standard status
Active
Size
9,170 SF
Property subtype
Commercial
Additional Details
Sprinkler System
Yes
Commercial Hood
Yes
Amenities
Rivian charging station
managers office
breakroom
security system
Building Details
Year Built
2019
Listing Agency:
John L Scott Real Estate Grants Pass
(541) 476-1299
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Aug 26
Changed: Oct 16
Last Checked: Oct 16 at 9:16AM
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 Real Estate Grants Pass
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Investment Insights
Based on property information with market context.
This 9,170-square-foot restaurant space is offered in its current state with a large kitchen and preparation areas, walk-in cooler, walk-in freezer, floor drains, and two large hoods equipped with full fire suppression systems. The interior also includes a manager’s office, breakroom, security system, full fire sprinkler system, POS wiring, and centralized sound and lighting controls.
The property includes 120+ parking spaces and a large parking lot. Adjacent businesses include MOD Pizza, Chipotle, Jersey Mike’s, Five Guys, and a Shell gas station. A Rivian charging station is also on site, and seven hotels are located within 1 mile. The property was built in 2019, and no CAMS are stated.
The property includes 120+ parking spaces and a large parking lot. Adjacent businesses include MOD Pizza, Chipotle, Jersey Mike’s, Five Guys, and a Shell gas station. A Rivian charging station is also on site, and seven hotels are located within 1 mile. The property was built in 2019, and no CAMS are stated.
Key Highlights
- 9,170‑square‑foot restaurant space offered in its current state
- 120+ parking spaces within a large parking lot
- Two massive hoods with full fire suppression systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,485
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,169,700
$1.2M
Cap Rate 7%
$835,500
$835.5K
Cap Rate 9%
$649,833
$649.8K
Market Conditions
NOI Build-Up for 9,170 SF
Gross rent
$86.9K $9.48/SF
− Vacancy
−$3.4K −$0.37/SF
EGI
$83.5K $9.11/SF
− OpEx
−$25.1K −$2.73/SF
NOI
$58.5K $6.38/SF
Area
Jackson County, OR
Vacancy
3.89%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,169,700
Cap Rate 7%
$835,500
Cap Rate 9%
$649,833
Alternative Uses
Best Use
Specialty Retail
$1.94M
$1.69M – $2.26M
NOI $135,504 @ 7.0% cap · market cap 1,084.03%
Second Best
Industrial
$835.5K
$731.1K – $974.8K
NOI $58,485 @ 7.0% cap · market cap 467.88%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,936 @ 7.0% cap · market cap 1,239.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
392k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Superstores 28%
Shops & Services 15%
Hotels & Casinos 5%
Walmart
Superstores
110,816 visits/mo
0.3 miles
Fred Meyer Gas Station
Shops & Services
32,392 visits/mo
0.4 miles
Panda Express
Dining
20,545 visits/mo
0.2 miles
Taco Bell
Dining
18,969 visits/mo
0.4 miles
KFC
Dining
14,862 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant improvements include commercial kitchen infrastructure, extensive parking, and integrated building systems.
Where is this conventional restaurant located?
The property is located at 1445 Center Dr Medford, OR.
What are key features of this property?
This property features: 9,170‑square‑foot restaurant space offered in its current state; 120+ parking spaces within a large parking lot; Two massive hoods with full fire suppression systems
