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    New Construction Flex Space Available Title is generated by Realmo AI

    163 Bateman Drive, Medford, OR 97502

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    Claim this Listing
    For Lease
    $1.00 SF/Yr $2,000/Mo (calc)

    COMMERCIAL - Medford, OR

    Property size:
    24,000 SF
    Lot size:
    2.99 Acres
    Added:
    Nov 7, 2023
    Days on Market:
    926
    Last Refresh:
    May 21 at 4:06 pm

    Property Features for 163 Bateman Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Property condition
    Under Construction
    Parking features
    Assigned
    Window features
    Double Pane Windows, ENERGY STAR Qualified WIndows, Low Emissivity Windows
    Standard status
    Active
    APN
    10194202
    Size
    24,000 SF
    Lot size
    2.99 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2731

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Creek
    Water front
    1

    Building Details

    Year built
    2024
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Concrete
    Building materials
    Steel Frame, Block, Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Rutledge Property Group

    Listing agent Rutledge Property Group License #201007081

    Listing office eXp Realty, LLC 710 Cardley Ave, Salem, OR

    Listing date Nov 7, 2023

    MLS# 220173681

    Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • New construction completed Fall 2025, offering a brand new, low‑maintenance facility.
    • Flexible space: Each 12,000 SQFT building can be demised to 3,000 SQ FT or larger, or leased entirely.
    • Light industrial zoning suitable for warehouse, office, distribution, storage, or light manufacturing.
    • Includes 5 roll‑up doors (12'x14') per building and 10 quick‑access loading bays.
    • NNN lease includes grey shell condition with shop heater and R36 insulation; tenant improvements negotiable.
    • 36 parking spots available for visitors, employees, and fleet vehicles.

    Overview

    New construction flex space, completed in the Fall of 2025, offers units suitable for warehouse, office, and low-intensity industrial uses such as distribution, storage, or light manufacturing. The property features two buildings, each spanning 12,000 square feet (75'X160') with clear spans. Each building can be divided into spaces of 3,000 square feet or larger, with the option to lease an entire building. Each building has five 12'x14' roll-up doors. The property includes 36 parking spots for visitors, employees, and fleet vehicles, along with 10 quick-access loading bays. The property is zoned light industrial. The landlord will build to a grey shell condition with a shop heater and R36 insulation. The lease rate is negotiable based on square footage needed. CAMs are estimated to be $0.24/FT/MO. The property is situated on a 2.99-acre lot in Medford, Oregon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Pharmacy Gym & Fitness Center Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.884418
    Latitude
    42.395277

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    FAQs

    What type of property is this?
    Flex space - New flex space in Medford, completed Fall 2025.
    Where is this flex space located?
    The property is located at 163 Bateman Drive Medford, OR.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: New construction completed Fall 2025, offering a brand new, low‑maintenance facility.; Flexible space: Each 12,000 SQFT building can be demised to 3,000 SQ FT or larger, or leased entirely.; Light industrial zoning suitable for warehouse, office, distribution, storage, or light manufacturing.
    (541) 778-9677
    We can help!
    Listing Contact
    Rutledge Property Group
    Real Estate License ID: 201007081
    Learn More
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    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.

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