Second-Floor Professional Office
For Sale
Contact for pricing
1501 E McAndrews Road, Medford, OR 97504
Flexible professional workspace with a kitchenette, elevator access, shared parking, and monument signage along East McAndrews.
Property Size670 SF
Days on Market72
Property Features for 1501 E McAndrews Road
General Information
Standard status
Active
Size
670 SF
Elevators
Yes
Additional Details
Floor
2
Amenities
kitchenette
common area restrooms
monument signage
Building Details
Tenancy
Multi
Listing Agency:
Merit Commercial RE, LLC
(541) 608-6704
Listed By:
Caspian C Hoehne · License #OR 201234073
(541) 200-3060
Source:
Evimerorealty
Added: Aug 20
Changed: Oct 26
Last Checked: Oct 28 at 8:03AM
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.
The second-floor office suite at 1501 E McAndrews Road provides approximately 670 SF within the Ticor Title building. Its configuration includes a bright office area, kitchenette, access to common-area restrooms, and convenient elevator service. The suite shares the floor with two existing tenants and features a Class-A buildout suited to a compact professional office setting.
Exterior features include shared parking and monument signage positioned along East McAndrews Road. The full-service structure includes utilities, with janitorial fees excluded.
Exterior features include shared parking and monument signage positioned along East McAndrews Road. The full-service structure includes utilities, with janitorial fees excluded.
Key Highlights
- Approximately 670 SF of second‑floor office space
- Located in the Ticor Title building at 1501 E McAndrews Road
- Class‑A buildout with a bright office area and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,201
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,020
$164.0K
Cap Rate 7%
$117,157
$117.2K
Cap Rate 9%
$91,122
$91.1K
Market Conditions
NOI Build-Up for 670 SF
Gross rent
$12.9K $19.20/SF
− Vacancy
−$1.9K −$2.88/SF
EGI
$10.9K $16.32/SF
− OpEx
−$2.7K −$4.08/SF
NOI
$8.2K $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%
$164,020
Cap Rate 7%
$117,157
Cap Rate 9%
$91,122
Alternative Uses
Best Use
Office B
$117.2K
$102.5K – $136.7K
NOI $8,201 @ 7.0% cap · market cap 410,050.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$161.7K
$141.5K – $188.7K
NOI $11,320 @ 7.0% cap · market cap 566,000.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,559
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible professional workspace with a kitchenette, elevator access, shared parking, and monument signage along East McAndrews.
Where is this office unit located?
The property is located at 1501 E McAndrews Road Medford, OR.
What are key features of this property?
This property features: Approximately 670 SF of second‑floor office space; Located in the Ticor Title building at 1501 E McAndrews Road; Class‑A buildout with a bright office area and kitchenette
