Standalone Office
For Sale
$329,000
Pending
313 S Ivy St, Medford, OR 97501
Standalone conventional office building with ADA access and two open bull-pen rooms, private offices, and restrooms.
Property Size1,512 SF
Days on Market135
Property Features for 313 S Ivy St
General Information
Standard status
Pending
Size
1,512 SF
Total Parking Spaces
2
Additional Details
Fenced Yard
Yes
Amenities
open bull-pen rooms
private offices
kitchen
private restrooms
built-in storage
ADA ramp
chainlink fencing
wood decks
shed
gazebo
turfed seating area
Listing Agency:
Merit Commercial RE, LLC
(541) 608-6704
Listed By:
Caspian C Hoehne · License #201234073
(541) 944-9967
Source:
Exprealty
Added: Apr 25
Changed: Sep 5
Last Checked: Sep 5 at 12:07PM
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
Investment Insights
Based on property information with market context.
Exclusively presented for sale, this standalone conventional office building offers a functional interior layout with two open bull-pen style rooms, private offices, a kitchen, two private restrooms, and abundant built-in storage. The building’s main access is via an ADA ramp to the main door.
The property includes a fenced rear yard highlighted by full perimeter chainlink fencing with privacy slats, two wood decks, a shed, a non-permanent gazebo, and a lower turfed seating area. Two dedicated (unmarked) alley parking spaces are included, and the building is located across the street from the Medford Police Department headquarters.
The property is currently vacant and presented as essentially turn-key, with the option for a buyer to modernize during due diligence.
The property includes a fenced rear yard highlighted by full perimeter chainlink fencing with privacy slats, two wood decks, a shed, a non-permanent gazebo, and a lower turfed seating area. Two dedicated (unmarked) alley parking spaces are included, and the building is located across the street from the Medford Police Department headquarters.
The property is currently vacant and presented as essentially turn-key, with the option for a buyer to modernize during due diligence.
Key Highlights
- Standalone 1,512 SF conventional office building on S Ivy St in Medford, Oregon
- ADA‑ramp main entrance with functional interior layout including two open bull‑pen style rooms
- Includes private offices, kitchen, abundant built‑in storage, and two private restrooms
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
$18,507
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
5.63%
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%
$370,140
$370.1K
Cap Rate 7%
$264,386
$264.4K
Cap Rate 9%
$205,633
$205.6K
Market Conditions
NOI Build-Up for 1,512 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
$29.0K $19.20/SF
− Vacancy
−$4.4K −$2.88/SF
EGI
$24.7K $16.32/SF
− OpEx
−$6.2K −$4.08/SF
NOI
$18.5K $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 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%
$370,140
Cap Rate 7%
$264,386
Cap Rate 9%
$205,633
Alternative Uses
Best Use
Office B
$264.4K
$231.3K – $308.5K
NOI $18,507 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.0K
$319.3K – $425.8K
NOI $25,547 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Standalone conventional office building with ADA access and two open bull-pen rooms, private offices, and restrooms.
Where is this office building located?
The property is located at 313 S Ivy St Medford, OR.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Standalone 1,512 SF conventional office building on S Ivy St in Medford, Oregon; ADA‑ramp main entrance with functional interior layout including two open bull‑pen style rooms; Includes private offices, kitchen, abundant built‑in storage, and two private restrooms
