Fully Leased Medical Office
3156 State Street, Medford, OR 97504
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Two-level medical office with exam rooms, modern patient areas, and long-term single-tenant occupancy through 2030.
Type:Office
Property size:
7,497 SFPrice / SF:
$273/SF- Added:
- Jun 4, 2026
- Days on Market:
- 24
- Last Refresh:
- Jun 20 at 6:28 am
Property Features for 3156 State Street
General Information
- Standard status
- Active
- Size
- 7,497 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing office Merit Commercial Real Estate (541) 608-6704
Listing date Jun 4, 2026
Source Crexi
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 Real Estate
HighLights
- Medical office building built in 2006 with approx. 7,497 SF across two levels plus approx. 691 SF attic storage
- First floor approx. 3,517 SF with patient entry and waiting, reception, 6 offices, 10 exam rooms, lab room, private restroom, and mechanical room
- Second floor approx. 3,289 SF with elevator/stair entry, reception and waiting, product display, 8 exam rooms, 6 offices, two private restrooms, break room with balcony
- Third‑floor approx. 691 SF low‑ceiling attic space for storage
- Utilities include 3‑phase 400A electricity, natural gas (Avista), Hunter fiber optic internet, and public water and sewer service
- Leased to single tenant (Complete Care) through 2030 under a net lease
Overview
3156 State Street is a fully leased, income-producing medical office building with two primary levels plus a smaller third-floor attic storage area. The building totals approximately 17,497 SF and is laid out to support clinical operations, including prominent patient entry and waiting areas, expansive reception, multiple offices, and a substantial number of exam rooms. The first floor includes a lab room, a private restroom, a mechanical room, and various work stations. The second floor offers a similar configuration with access via elevator or stairs, a second reception desk and waiting area, a product display area, additional exam rooms and offices, two private restrooms, and a well-appointed break room with an outdoor balcony, along with room for storage. The third floor contains approximately 691 SF of low-ceiling attic space used for storage.
The property is positioned in Alderwood Office Park in east Medford, Oregon, and is described as a high-profile, well-maintained facility with modern infrastructure. Utilities include 3-phase 400A electricity, natural gas service via Avista, Hunter fiber optic internet service, and public water and sewer.
Complete Care leases the building as a single tenant through 2030 under a long-term net lease. The interior buildout and finishes are suited for higher-end medical clinic use, and the property is described as being set up for similar healthcare uses beyond the current tenant. Buyer due diligence is required, and square footage is not verified and must be independently confirmed.
The property is positioned in Alderwood Office Park in east Medford, Oregon, and is described as a high-profile, well-maintained facility with modern infrastructure. Utilities include 3-phase 400A electricity, natural gas service via Avista, Hunter fiber optic internet service, and public water and sewer.
Complete Care leases the building as a single tenant through 2030 under a long-term net lease. The interior buildout and finishes are suited for higher-end medical clinic use, and the property is described as being set up for similar healthcare uses beyond the current tenant. Buyer due diligence is required, and square footage is not verified and must be independently confirmed.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $202.4k | $27.00 |
| − Vacancy | −$21.3k | −$2.84 |
| EGI | $181.2k | $24.17 |
| − OpEx | −$72.5k | −$9.67 |
| NOI | $108.7k | $14.50 |
7,497 SF · lease $27.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.55M
$1.36M – $1.81M
NOI $108,699 @ 7.0% cap · market cap 5.30%
Second Best
Office B
$1.31M
$1.15M – $1.53M
NOI $91,763 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,669 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Ventana Wellness: Roden ...
Physician
Wall Brooke MD
Physician
Robbins Debra G
Physician
Suzanne Sanderson
Physician
Arielle Leider
Counselor
Similar Places Nearby
- Best Friends Animal Hospital Of East Medford — 980 N Phoenix Rd #103, Medford, OR 97504
- Alder Creek Veterinary Hospital — 880 Golf View Dr #101, Medford, OR 97504
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.8246109
- Latitude
- 42.3137499
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Two-level medical office with exam rooms, modern patient areas, and long-term single-tenant occupancy through 2030.
Where is this medical office space located?
The property is located at 3156 State Street Medford, OR.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Medical office building built in 2006 with approx. 7,497 SF across two levels plus approx. 691 SF attic storage; First floor approx. 3,517 SF with patient entry and waiting, reception, 6 offices, 10 exam rooms, lab room, private restroom, and mechanical room; Second floor approx. 3,289 SF with elevator/stair entry, reception and waiting, product display, 8 exam rooms, 6 offices, two private restrooms, break room with balcony
