Flex Space with Dock
For Sale
$3,100,000
33 N Fir Street, Medford, OR 97501
Adaptable commercial facility with clear-span workspace, offices, heavy power, HVAC, and multiple loading points.
Property Size30,492 SF
Days on Market361
Property Features for 33 N Fir Street
General Information
Standard status
Active
Size
30,492 SF
Property subtype
Commercial
Zoning
C-C
Warehouse & Industrial
Clear Span
Yes
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Furnished
No
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$37,306
Building Details
Building Size
30,492 SF
Year Built
1994
Buildings
1
Stories
3
Units
1
Listing Agency:
Merit Commercial RE, LLC
(541) 608-6704
Listed By:
Caspian C Hoehne · License #201234073
Source:
Allprofessionalsre
Added: Sep 3, 2025
Changed: Aug 28
Last Checked: Aug 29 at 10:22AM
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.
The flex space at 33 N. Fir Street includes a glass-front entry opening to a large clear-span sorting floor. The facility also contains office and administrative areas, storage, restrooms, breakrooms, and other support spaces. Multiple overhead doors provide both dock-high and grade-level access. Existing infrastructure includes central HVAC, a full fire sprinkler system, and heavy power service. Additional overhead doors may be added within the existing configuration. Most former printing equipment, including the press, has been removed.
The property is in downtown Medford and includes an off-site parking lot. Its previous use as a newspaper production and distribution facility is reflected in the building’s loading access, open production area, office component, and extensive installed systems.
The property is in downtown Medford and includes an off-site parking lot. Its previous use as a newspaper production and distribution facility is reflected in the building’s loading access, open production area, office component, and extensive installed systems.
Key Highlights
- Clear‑span sorting floor with adjoining office, administrative, storage, and support areas
- Multiple overhead doors with both dock‑high and grade‑level access
- Central HVAC, full fire sprinkler system, and heavy power service installed
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
$277,973
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
8.97%
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%
$5,559,460
$5.6M
Cap Rate 7%
$3,971,043
$4.0M
Cap Rate 9%
$3,088,589
$3.1M
Market Conditions
NOI Build-Up for 30,492 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
$457.4K $15.00/SF
− Vacancy
−$29.7K −$0.98/SF
EGI
$427.7K $14.03/SF
− OpEx
−$149.7K −$4.91/SF
NOI
$278.0K $9.12/SF
Area
Jackson County, OR
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
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%
$5,559,460
Cap Rate 7%
$3,971,043
Cap Rate 9%
$3,088,589
Alternative Uses
Best Use
Flex RnD
$3.97M
$3.47M – $4.63M
NOI $277,973 @ 7.0% cap · market cap 8.97%
Second Best
Warehouse
$3.37M
$2.95M – $3.94M
NOI $236,147 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$7.36M
$6.44M – $8.59M
NOI $515,193 @ 7.0% cap · market cap 16.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,625
Businesses Nearby
Balanced
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Carne Muerta — 602 S Central Ave, Medford, OR 97501
- Ashland Gourmet Catering — Medford, OR 97504
- Cuisine Dejour Inc — Medford, OR 97501
- Anatomy Coffee Co — Medford, OR 97501
- Jens catering — E 8th St &, S Central Ave, Medford, OR 97501
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial facility with clear-span workspace, offices, heavy power, HVAC, and multiple loading points.
Where is this flex space located?
The property is located at 33 N Fir Street Medford, OR.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Clear‑span sorting floor with adjoining office, administrative, storage, and support areas; Multiple overhead doors with both dock‑high and grade‑level access; Central HVAC, full fire sprinkler system, and heavy power service installed
