Three-Story Apartment
316 South Front Street, Medford, OR 97501
For Sale
Contact for pricing
Shell-condition property with seismic retrofitting, public utilities, and C-H zoning supporting multifamily development.
Property Size3,484 SF
Price / SF$111.94
Days on Market99
Property Features for 316 South Front Street
General Information
Standard status
Size
Class
Property subtype
Zoning
Site & Location
Road Access
Public Transit
Utilities to Site
Additional Details
Opportunity Zone
Building Details
Buildings
Stories
Units
Listing Agency:
Merit Commercial Real Estate
Listed By:
Scott King · License #Oregon 200602153
(541) 890-6708
Source:
Crexi
Added: Jul 31
Changed: Oct 25
Last Checked: Nov 6 at 5:53AM
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
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Investment Insights
Based on property information with market context.
Located at 316 South Front Street, this three-level building contains 3,484 SF and is currently in shell condition after substantial cleanout and seismic retrofitting. Earlier development concepts considered an interior-stair walk-up multifamily project with 8 to 16 units across two or three floors, while the existing commercial zoning provides additional flexibility. Multifamily development is identified as a by-right use within Medford’s commercial zoning, subject to buyer verification and project feasibility review.
The property is positioned near Medford’s downtown core, with a bus and Greyhound depot directly across the street. Rogue Community College, the Craterian Theater, Jackson County Circuit Courts, and the Medford Police Department are among the nearby destinations. Public water, sewer, and power are available at the street, with existing service connections within the building. An active CORP railroad line borders the property on its western side.
The property is positioned near Medford’s downtown core, with a bus and Greyhound depot directly across the street. Rogue Community College, the Craterian Theater, Jackson County Circuit Courts, and the Medford Police Department are among the nearby destinations. Public water, sewer, and power are available at the street, with existing service connections within the building. An active CORP railroad line borders the property on its western side.
Key Highlights
- 3,484 SF building spanning three floors
- Shell condition following cleanout and seismic retrofitting
- C‑H Heavy Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,767
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,340
$655.3K
Cap Rate 7%
$468,100
$468.1K
Cap Rate 9%
$364,078
$364.1K
Market Conditions
NOI Build-Up for 3,484 SF
Gross rent
$62.7K $18.00/SF
− Vacancy
−$3.1K −$0.90/SF
EGI
$59.6K $17.10/SF
− OpEx
−$26.8K −$7.69/SF
NOI
$32.8K $9.41/SF
Area
Jackson County, OR
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,340
Cap Rate 7%
$468,100
Cap Rate 9%
$364,078
Alternative Uses
Best Use
Apartment 5plus
$468.1K
$409.6K – $546.1K
NOI $32,767 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$840.9K
$735.8K – $981.1K
NOI $58,866 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,097
Businesses Nearby
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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
$325,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Jackson County, OR
Properties on Market for Apartment buildings in Jackson County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Shell-condition property with seismic retrofitting, public utilities, and C-H zoning supporting multifamily development.
Where is this apartment building located?
The property is located at 316 South Front Street Medford, OR.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 3,484 SF building spanning three floors; Shell condition following cleanout and seismic retrofitting; C‑H Heavy Commercial zoning
