Automotive Property with Service
For Sale
$4,500,000
1492 Burl Crest Drive, Medford, OR 97504
Light Industrial-zoned automotive property with showroom, offices, and multiple service areas.
Property Size21,301 SF
Days on Market306
Property Features for 1492 Burl Crest Drive
General Information
Standard status
Active
Size
21,301 SF
Property subtype
Commercial
Zoning
I-L
Taxes and HOA fees
Annual Taxes
$15,649
Building Details
Building Size
21,301 SF
Year Built
1965
Stories
2
Units
1
Listing Agency:
RE/MAX Platinum
(541) 613-1683
Listed By:
Saul J Stearns · License #201213884
(541) 613-1683
Source:
Allprofessionalsre
Added: Oct 30, 2025
Changed: Aug 28
Last Checked: Aug 29 at 10:22AM
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 RE/MAX Platinum
Investment Insights
Based on property information with market context.
Built in 1965, this 21,301-square-foot automotive property occupies 2.68 acres and includes a tiled showroom, multiple offices, attached garages, and second-floor storage. The service component features an insulated clear-span garage with windowed roll-up doors, along with a separate repair bay. The building was formerly operated as a full-service auto dealership and repair facility.
The property has direct access to Hwy 62, which carries over 35,000 vehicles per day. It is surrounded by BMW, Volkswagen, Nissan, RAM, Jeep, Dodge, Chrysler, Fiat, and Honda dealerships, placing the site within an established automotive corridor. Light Industrial zoning, on-site parking, and an Opportunity Zone designation are also identified. Approximately ±0.68 acres at the rear remain undeveloped for additional site utilization.
The property has direct access to Hwy 62, which carries over 35,000 vehicles per day. It is surrounded by BMW, Volkswagen, Nissan, RAM, Jeep, Dodge, Chrysler, Fiat, and Honda dealerships, placing the site within an established automotive corridor. Light Industrial zoning, on-site parking, and an Opportunity Zone designation are also identified. Approximately ±0.68 acres at the rear remain undeveloped for additional site utilization.
Key Highlights
- 21,301 SF automotive building on 2.68 acres
- Direct access to Hwy 62 with over 35,000 vehicles per day
- Tiled showroom, multiple offices, second‑floor storage, and attached garages
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
$294,695
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
6.55%
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%
$5,893,900
$5.9M
Cap Rate 7%
$4,209,929
$4.2M
Cap Rate 9%
$3,274,389
$3.3M
Market Conditions
NOI Build-Up for 21,301 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
$460.1K $21.60/SF
− Vacancy
−$39.1K −$1.84/SF
EGI
$421.0K $19.76/SF
− OpEx
−$126.3K −$5.93/SF
NOI
$294.7K $13.83/SF
Area
Jackson County, OR
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$5,893,900
Cap Rate 7%
$4,209,929
Cap Rate 9%
$3,274,389
Alternative Uses
Best Use
Retail
$4.21M
$3.68M – $4.91M
NOI $294,695 @ 7.0% cap · market cap 6.55%
Second Best
Industrial
$1.94M
$1.70M – $2.26M
NOI $135,855 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$5.14M
$4.50M – $6.00M
NOI $359,902 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Home Improvements & Furnishings 11%
Shell
Shops & Services
7,373 visits/mo
0.5 miles
Ferguson
Home Improvements & Furnishings
958 visits/mo
0.4 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 3811 Crater Lake Hwy A, Medford, OR 97504
- Storage Near Me / LNK — 1669 Coker Butte Rd, Medford, OR 97504
- Medford Trailer Rental — 4502 Crater Lake Ave, Medford, OR 97504
Frequently Asked Questions
What type of property is this?
Automotive property - Light Industrial-zoned automotive property with showroom, offices, and multiple service areas.
Where is this automotive property located?
The property is located at 1492 Burl Crest Drive Medford, OR.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 21,301 SF automotive building on 2.68 acres; Direct access to Hwy 62 with over 35,000 vehicles per day; Tiled showroom, multiple offices, second‑floor storage, and attached garages
