Spa & Wellness
For Sale
$350,000
27 Crater Lake Avenue, Medford, OR 97504
Commercial building with central air, driveway parking, and an existing tenancy.
Property Size1,117 SF
Lot Size0.12 Acres
Price / SF$313.34
Days on Market203
Property Features for 27 Crater Lake Avenue
General Information
Standard status
Active
Size
1,117 SF
Lot size
0.12 Acres
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$1,715
Amenities
Central Air, Ceiling Fan(s)
3
Hardwood, Laminate, Carpet
Carbon Monoxide Detector
Composition
Driveway.
0.11999999731779099
Paved Road.
Building Details
Year Built
1927
Buildings
1
Stories
1
Building Size
1,117 SF
Owner Occupied
Yes
Listing Agency:
Murphy Real Estate Group LLC
(541) 531-5698
Listed By:
Mary Murphy · License #201233537
(541) 531-5698
Source:
Xome
Added: Feb 8
Changed: Aug 29
Last Checked: Aug 29 at 3:33PM
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 Murphy Real Estate Group LLC
Investment Insights
Based on property information with market context.
This 1,117-square-foot commercial building occupies a 0.12-acre lot at 27 Crater Lake Avenue in Medford, Oregon. Built in 1927, the property includes central air, ceiling fans, hardwood, laminate, carpet, and a carbon monoxide detector. A driveway and paved road provide site access, with on-site parking serving the building.
The sellers also operate the business currently occupying the property and may remain for up to 1 year at the current rent, with timing open to negotiation. The building was previously used as a single-family residence and may be convertible back to residential use, subject to the buyer’s independent due diligence.
The sellers also operate the business currently occupying the property and may remain for up to 1 year at the current rent, with timing open to negotiation. The building was previously used as a single-family residence and may be convertible back to residential use, subject to the buyer’s independent due diligence.
Key Highlights
- 1,117‑square‑foot commercial building on a 0.12‑acre lot
- Central air, ceiling fans, and mixed hardwood, laminate, and carpet flooring
- Driveway and on‑site parking with paved‑road access
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
$16,195
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
4.63%
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%
$323,900
$323.9K
Cap Rate 7%
$231,357
$231.4K
Cap Rate 9%
$179,944
$179.9K
Market Conditions
NOI Build-Up for 1,117 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
$30.2K $27.00/SF
− Vacancy
−$3.2K −$2.84/SF
EGI
$27.0K $24.17/SF
− OpEx
−$10.8K −$9.67/SF
NOI
$16.2K $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 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%
$323,900
Cap Rate 7%
$231,357
Cap Rate 9%
$179,944
Alternative Uses
Best Use
Healthcare Medical
$231.4K
$202.4K – $269.9K
NOI $16,195 @ 7.0% cap · market cap 4.63%
Second Best
Office B
$195.3K
$170.9K – $227.9K
NOI $13,672 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$269.6K
$235.9K – $314.6K
NOI $18,873 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,444
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sara's Sound Healing — 328 s central ave, medford, or 97501
- Janine C. Lamb, Lac — 10 N Central Ave, Medford, OR 97501
- Soul Fire Esthetics and Wellness Studio — 310 E 6th St #102, Medford, OR 97501
- Magpie Medicine — 700 E Main St #112, Medford, OR 97504
- Oregon Thermography — 832 E Main St Suite 3B, Medford, OR 97504
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Commercial building with central air, driveway parking, and an existing tenancy.
Where is this spa & wellness property located?
The property is located at 27 Crater Lake Avenue Medford, OR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,117‑square‑foot commercial building on a 0.12‑acre lot; Central air, ceiling fans, and mixed hardwood, laminate, and carpet flooring; Driveway and on‑site parking with paved‑road access
