Single Tenant Net Leased
For Sale
Contact for pricing
2000 Biddle Rd, Medford, OR 97504
Single tenant property with long-term lease and rent escalations.
Property Size5,913 SF
Price / SF$514.31
Days on Market2798
Property Features for 2000 Biddle Rd
General Information
Standard status
Active
Size
5,913 SF
Property subtype
Retail
Zoning
C-R
Occupancy
100%
Lease Type
Net
Investment Type
Net Lease
Net Operating Income
$143,447
Building Details
Stories
1
Tenancy
Single
Listing Agency:
Pulver & Leever Real Estate Company
(541) 773-5391
Listed By:
Jared Pulver · License #OR 200508084
Source:
Crexi
Added: Jan 3, 2019
Changed: Aug 26
Last Checked: Aug 28 at 7:34PM
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 Pulver & Leever Real Estate Company
Investment Insights
Based on property information with market context.
This is a single tenant net leased property. The tenant is an Elmer’s franchisee, operating one of their six locations in Oregon. The base rent is subject to upward adjustments of 6% every 2 years. The lease agreement also includes a percentage rent clause. The current base rent is $143,447.76. The property size is 5,913 square feet and is located at 2000 Biddle Rd, Medford, OR 97504.
Key Highlights
- Single tenant net leased property provides simplified management.
- Elmer's franchisee tenant with six locations in Oregon indicates a stable and established business.
- Base rent is currently $143,447.76, providing immediate income.
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
$87,376
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
2.87%
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%
$1,747,520
$1.7M
Cap Rate 7%
$1,248,229
$1.2M
Cap Rate 9%
$970,844
$970.8K
Market Conditions
NOI Build-Up for 5,913 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
$129.8K $21.96/SF
− Vacancy
−$13.3K −$2.26/SF
EGI
$116.5K $19.70/SF
− OpEx
−$29.1K −$4.93/SF
NOI
$87.4K $14.78/SF
Area
Jackson County, OR
Vacancy
10.28%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,747,520
Cap Rate 7%
$1,248,229
Cap Rate 9%
$970,844
Alternative Uses
Best Use
Specialty Retail
$1.25M
$1.09M – $1.46M
NOI $87,376 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $99,906 @ 7.0% cap · market cap 3.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
639k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 23%
Superstores 18%
Apparel 17%
Shops & Services 17%
Target
Superstores
116,381 visits/mo
0.2 miles
Fred Meyer
Groceries
78,277 visits/mo
0.3 miles
In-N-Out Burger
Dining
64,507 visits/mo
0.4 miles
Kohl's
Apparel
43,012 visits/mo
0.4 miles
Best Buy
Electronics
42,951 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
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Similar Off Market Nearby
- Ahuva Bagel Co. — 1130 Biddle Rd, Medford, OR 97504
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Single tenant property with long-term lease and rent escalations.
Where is this breakfast & diner located?
The property is located at 2000 Biddle Rd Medford, OR.
What is the asking price?
The asking price for this property is $3,041,090.
What are key features of this property?
This property features: Single tenant net leased property provides simplified management.; Elmer's franchisee tenant with six locations in Oregon indicates a stable and established business.; Base rent is currently $143,447.76, providing immediate income.
