Divisible Office
145 N Bartlett St #B, Medford, OR 97501
For Sale
New
Contact for pricing
A one-level layout combines private offices, a kitchen and break room, and storage.
Property Size2,000 SF
Days on Market6
Property Features for 145 N Bartlett St #B
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Property Use
Amenities
kitchen
break room
multiple private offices
ample storage
Building Details
Year Built
Listing Agency:
Merit Commercial Re, LLC
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Nov 8
Changed: Nov 12
Last Checked: Nov 12 at 8:14AM
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 Merit Commercial Re, LLC
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Investment Insights
Based on property information with market context.
This 2,000-square-foot office unit occupies one level and is configured with multiple private offices, a kitchen and break room, and storage. The space is described as divisible, allowing it to be offered in a smaller configuration. Built in 1956, it carries C-C zoning; the source notes that the zoning supports a range of business types, subject to confirmation with the City.
The property is in Lithia Commons in downtown Medford, next to Lithia Motors Headquarters. Hawthorne Park, the site of a proposed minor league baseball stadium, conference center, and hotels, is two blocks away. The remarks also reference a downtown revitalization plan.
The property is in Lithia Commons in downtown Medford, next to Lithia Motors Headquarters. Hawthorne Park, the site of a proposed minor league baseball stadium, conference center, and hotels, is two blocks away. The remarks also reference a downtown revitalization plan.
Key Highlights
- 2,000‑square‑foot office unit with a divisible layout
- One‑level configuration with multiple private offices
- Kitchen, break room, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,480
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,600
$489.6K
Cap Rate 7%
$349,714
$349.7K
Cap Rate 9%
$272,000
$272.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$38.4K $19.20/SF
− Vacancy
−$5.8K −$2.88/SF
EGI
$32.6K $16.32/SF
− OpEx
−$8.2K −$4.08/SF
NOI
$24.5K $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%
$489,600
Cap Rate 7%
$349,714
Cap Rate 9%
$272,000
Alternative Uses
Best Use
Office B
$349.7K
$306.0K – $408.0K
NOI $24,480 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.7K
$422.4K – $563.2K
NOI $33,792 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,188
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
$325,200
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Medford, OR
Properties on Market for Office Units in Medford
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A one-level layout combines private offices, a kitchen and break room, and storage.
Where is this office unit located?
The property is located at 145 N Bartlett St #B Medford, OR.
What are key features of this property?
This property features: 2,000‑square‑foot office unit with a divisible layout; One‑level configuration with multiple private offices; Kitchen, break room, and storage
