Storefront Retail Building with
For Sale
$979,000
2714 N Pacific Highway, Medford, OR 97501
Three separately addressed retail suites accompany a dedicated warehouse and two fenced development parcels.
Property Size3,200 SF
Price / SF$305.94
Days on Market11
Property Features for 2714 N Pacific Highway
General Information
Standard status
Active
Size
3,200 SF
Zoning
C-H
Occupancy
100%
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
3,200 SF
Conditioned Warehouse
Yes
Amenities
mezzanine for storage
parking lot freshly striped
free high-visibility advertising signage
Building Details
Buildings
2
Building Size
3,200 SF
Listing Agency:
Evimero Realty Southern Oregon LLC
(541) 521-3647
Listed By:
Tina Jackson-Berger · License #201209310
(541) 521-3647
Source:
Evimerorealty
Added: Aug 21
Changed: Aug 30
Last Checked: Aug 30 at 5:17PM
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 Evimero Realty Southern Oregon LLC
Investment Insights
Based on property information with market context.
This commercial property combines a 5,400-square-foot, single-level retail building with three separately addressed storefront units and a 3,200-square-foot warehouse. Each retail suite includes a private bathroom, multiple exterior doors, and independent gas and electric metering. The warehouse offers concrete floors, separate electrical panels, a bathroom, and a mezzanine for storage.
Two vacant lots are included and are currently fenced for parking and storage. The property is located at 2714 N Pacific Highway in Medford, with signage exposure to Hwy 99 commuter traffic between Medford and Central Point. All lots carry C-H zoning supporting commercial, industrial, and residential uses. Recent improvements include retail air-conditioning units installed from 2019 through 2021, warehouse heating and air-conditioning units installed from 2023 through 2024, and electrical panels added in 2025.
Two vacant lots are included and are currently fenced for parking and storage. The property is located at 2714 N Pacific Highway in Medford, with signage exposure to Hwy 99 commuter traffic between Medford and Central Point. All lots carry C-H zoning supporting commercial, industrial, and residential uses. Recent improvements include retail air-conditioning units installed from 2019 through 2021, warehouse heating and air-conditioning units installed from 2023 through 2024, and electrical panels added in 2025.
Key Highlights
- 5,400‑square‑foot single‑level retail building with three separately addressed storefront units
- 3,200‑square‑foot warehouse with concrete floors, bathroom, mezzanine, and separate electrical panels
- Two vacant lots included; currently fenced for parking and storage
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
$44,271
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
4.52%
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%
$885,420
$885.4K
Cap Rate 7%
$632,443
$632.4K
Cap Rate 9%
$491,900
$491.9K
Market Conditions
NOI Build-Up for 3,200 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
$69.1K $21.60/SF
− Vacancy
−$5.9K −$1.84/SF
EGI
$63.2K $19.76/SF
− OpEx
−$19.0K −$5.93/SF
NOI
$44.3K $13.83/SF
Area
Jackson County, OR
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$885,420
Cap Rate 7%
$632,443
Cap Rate 9%
$491,900
Alternative Uses
Best Use
Retail
$632.4K
$553.4K – $737.9K
NOI $44,271 @ 7.0% cap · market cap 4.52%
Second Best
Warehouse
$354.0K
$309.8K – $413.1K
NOI $24,783 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$772.4K
$675.8K – $901.1K
NOI $54,067 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - Three separately addressed retail suites accompany a dedicated warehouse and two fenced development parcels.
Where is this storefront property located?
The property is located at 2714 N Pacific Highway Medford, OR.
What is the asking price?
The asking price for this property is $979,000.
What are key features of this property?
This property features: 5,400‑square‑foot single‑level retail building with three separately addressed storefront units; 3,200‑square‑foot warehouse with concrete floors, bathroom, mezzanine, and separate electrical panels; Two vacant lots included; currently fenced for parking and storage
