Multi-Tenant Medical Office
For Sale
$3,595,000
229 Stewart Avenue, Medford, OR 97501
A centralized reception, shared waiting areas and flexible suite layout serve multiple medical users.
Property Size12,839 SF
Lot Size1.54 Acres
Price / SF$280.01
Days on Market72
Property Features for 229 Stewart Avenue
General Information
Standard status
Active
Size
12,839 SF
Lot size
1.54 Acres
Property subtype
Commercial
Zoning
C-C
Additional Details
Tenant in Place
Yes
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$37,266
Amenities
centralized reception area
waiting rooms
common area
Building Details
Building Size
12,839 SF
Year Built
2000
Buildings
1
Stories
1
Units
4
Tenancy
Multi
Abandoned
No
Listing Agency:
Merit Commercial RE, LLC
(541) 608-6704
Listed By:
Caspian C Hoehne · License #201234073
(541) 200-3060
Source:
Desertskyrealestate
Added: Aug 15
Changed: Oct 25
Last Checked: Oct 23 at 3:40PM
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.
At 229 Stewart Avenue, this 12,839-square-foot medical office building was constructed in 2000 and occupies a 1.54-acre parcel. The layout includes a central reception point, two shared waiting rooms and four corner suites. Three medical users occupy the property: Family Practice Group, Mercy Flights and Pacific Crest Integrative Medicine.
Additional space includes most of Suite 103 and an approximately 1,000-square-foot vacant area with flex rooms and a restroom. The property is located in Medford, Oregon, and is zoned C-C.
Additional space includes most of Suite 103 and an approximately 1,000-square-foot vacant area with flex rooms and a restroom. The property is located in Medford, Oregon, and is zoned C-C.
Key Highlights
- 12,839‑square‑foot medical office building on a 1.54‑acre parcel
- Built in 2000; zoned C‑C
- Occupied by Family Practice Group, Mercy Flights and Pacific Crest Integrative Medicine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$186,153
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,723,060
$3.7M
Cap Rate 7%
$2,659,329
$2.7M
Cap Rate 9%
$2,068,367
$2.1M
Market Conditions
NOI Build-Up for 12,839 SF
Gross rent
$346.7K $27.00/SF
− Vacancy
−$36.4K −$2.84/SF
EGI
$310.3K $24.17/SF
− OpEx
−$124.1K −$9.67/SF
NOI
$186.2K $14.50/SF
Area
Jackson County, OR
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,723,060
Cap Rate 7%
$2,659,329
Cap Rate 9%
$2,068,367
Alternative Uses
Best Use
Healthcare Medical
$2.66M
$2.33M – $3.10M
NOI $186,153 @ 7.0% cap · market cap 5.18%
Second Best
Office B
$2.24M
$1.96M – $2.62M
NOI $157,149 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$3.10M
$2.71M – $3.62M
NOI $216,928 @ 7.0% cap · market cap 6.03%
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
792
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Jason Alpert - Siskiyou Veterinary Hospital — 100 W Stewart Ave, Medford, OR 97501
- Ferrell, Katie DVM — 100 W Stewart Ave, Medford, OR 97501
- Sinner Dwight DVM — 100 W Stewart Ave, Medford, OR 97501
- Casaundra Ho - Siskiyou Veterinary Hospital — 100 W Stewart Ave, Medford, OR 97501
- Siskiyou Veterinary Hospital — 100 W Stewart Ave, Medford, OR 97501
Frequently Asked Questions
What type of property is this?
Medical Office Space - A centralized reception, shared waiting areas and flexible suite layout serve multiple medical users.
Where is this medical office space located?
The property is located at 229 Stewart Avenue Medford, OR.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: 12,839‑square‑foot medical office building on a 1.54‑acre parcel; Built in 2000; zoned C‑C; Occupied by Family Practice Group, Mercy Flights and Pacific Crest Integrative Medicine
