Creative Space with Hardwood
301 S Ivy Street, Medford, OR 97501
For Sale
$370,000
An adaptable interior combines an open work area, kitchen, restrooms, and fenced outdoor space.
Property Size2,340 SF
Price / SF$158.12
Days on Market21
Property Features for 301 S Ivy Street
General Information
Standard status
Size
Amenities
full kitchen
retractable dividing wall system
Building Details
Buildings
Stories
Building Size
Listing Agency:
Merit Commercial RE, LLC
(541) 608-6704
Listed By:
Caspian C Hoehne · License #OR 201234073
(541) 200-3060
Source:
Gatewayteam
Added: Oct 20
Changed: Nov 7
Last Checked: Nov 8 at 5:58AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 301 South Ivy Street, this 2,340 SF former childcare facility offers a clear-span main room with original hardwood flooring and natural light. A retractable partition provides flexibility within the central space. The building also includes a full kitchen, two restrooms, storage, and a second-floor area of approximately 720 SF for storage or audiovisual use.
The property occupies a corner site in Medford, directly across from the Medford Police Department headquarters. At the rear, fenced outdoor space features privacy slats, newer flatwork, and open or play areas. The building has previously served as a childcare facility, with other described possibilities including event, religious, and professional or creative office uses.
The property occupies a corner site in Medford, directly across from the Medford Police Department headquarters. At the rear, fenced outdoor space features privacy slats, newer flatwork, and open or play areas. The building has previously served as a childcare facility, with other described possibilities including event, religious, and professional or creative office uses.
Key Highlights
- Approximately 2,340 SF building with a clear‑span main room
- Original hardwood floors and retractable dividing wall
- Full kitchen and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,642
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,840
$572.8K
Cap Rate 7%
$409,171
$409.2K
Cap Rate 9%
$318,244
$318.2K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$44.9K $19.20/SF
− Vacancy
−$6.7K −$2.88/SF
EGI
$38.2K $16.32/SF
− OpEx
−$9.5K −$4.08/SF
NOI
$28.6K $12.24/SF
Area
Jackson County, OR
Vacancy
15.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,840
Cap Rate 7%
$409,171
Cap Rate 9%
$318,244
Alternative Uses
Best Use
Office B
$409.2K
$358.0K – $477.4K
NOI $28,642 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$564.8K
$494.2K – $659.0K
NOI $39,537 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,575
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Creative space - An adaptable interior combines an open work area, kitchen, restrooms, and fenced outdoor space.
Where is this creative space located?
The property is located at 301 S Ivy Street Medford, OR.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Approximately 2,340 SF building with a clear‑span main room; Original hardwood floors and retractable dividing wall; Full kitchen and two restrooms
