Auto Repair Facility with Multiple
For Sale
$2,250,000
3311 Biddle Road, Medford, OR 97504
Multi-building automotive property combines customer-facing offices, service areas, and additional space for detailing or future buildout.
Property Size11,620 SF
Price / SF$193.63
Days on Market842
Property Features for 3311 Biddle Road
General Information
Standard status
Active
Size
11,620 SF
Property subtype
General Commercial
Additional Details
Service Bays
13
Taxes and HOA fees
Annual Taxes
$16,371
Amenities
customer lobby
waiting room
private offices
Central Air
3
Concrete, Carpet
Metal, Composition
Parking. Corner Lot.
Other Parking, Gravel, On Street, Asphalt, Gated Parking.
1.8899999856948853
Workshop, Other Building. Ground Level Unit, Corner, Paved Road.
Building Details
Buildings
5
Stories
2
Listing Agency:
Merit Commercial RE, LLC
(541) 944-9967
Listed By:
Caspian Hoehne · License #201234073
(541) 944-9967
Source:
Xome
Added: May 12, 2024
Changed: Aug 30
Last Checked: Aug 31 at 12:55PM
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 property at 3311 Biddle Road includes 11,620 SF of improvements across multiple buildings. The primary two-level structure combines a customer lobby and waiting area with private offices, workshop space, multiple lifts, and roll-up doors. A separate shop provides more than 4,500 SF, including eight lift bays, while another building offers a naturally lit area suited to detailing work and has a large roll-up door.
The nearly 2-acre site also includes a metal-framed shell that could be completed as an additional shop, along with an approximately 1,300 SF single-family house. Parking includes asphalt, gravel, on-street, and gated areas. Central air, concrete and carpet finishes, a paved road, and corner positioning are also noted.
The nearly 2-acre site also includes a metal-framed shell that could be completed as an additional shop, along with an approximately 1,300 SF single-family house. Parking includes asphalt, gravel, on-street, and gated areas. Central air, concrete and carpet finishes, a paved road, and corner positioning are also noted.
Key Highlights
- 11,620 SF property with multiple automotive service buildings
- Main building spans approximately 4,500 SF across 2 levels
- 13 lifts across the facility, including 8 lift bays in the dedicated shop
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
$160,760
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
7.14%
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%
$3,215,200
$3.2M
Cap Rate 7%
$2,296,571
$2.3M
Cap Rate 9%
$1,786,222
$1.8M
Market Conditions
NOI Build-Up for 11,620 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
$251.0K $21.60/SF
− Vacancy
−$21.3K −$1.84/SF
EGI
$229.7K $19.76/SF
− OpEx
−$68.9K −$5.93/SF
NOI
$160.8K $13.83/SF
Area
Jackson County, OR
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$3,215,200
Cap Rate 7%
$2,296,571
Cap Rate 9%
$1,786,222
Alternative Uses
Best Use
Retail
$2.30M
$2.01M – $2.68M
NOI $160,760 @ 7.0% cap · market cap 7.14%
Second Best
Office B
$2.03M
$1.78M – $2.37M
NOI $142,229 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,332 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13
Service bays
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97504, OR
49,942
Population
21,290
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
93%
High-School Grad
43.3 sq mi
ZIP Area
1,153
Density / Sq Mi
$81,233
Median Household Income
$43,744
Median Earnings
$1,387
Median Rent
$447,800
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.
Similar Off Market Nearby
- Crater Lake Ford Service Center — 2611 Biddle Rd suite #100, Medford, OR 97504
- Crater Lake Ford Parts — 2611 Biddle Rd suite #200, Medford, OR 97504
- Peterson Power Systems — 2600 Biddle Rd, Medford, OR 97504
- Apland's Auto Body | Medford Oregon — 2584 Bullock Rd, Medford, OR 97504
- Lithia Body & Paint of Medford — 2665 Bullock Rd, Medford, OR 97504
Frequently Asked Questions
What type of property is this?
Auto shop - Multi-building automotive property combines customer-facing offices, service areas, and additional space for detailing or future buildout.
Where is this auto shop located?
The property is located at 3311 Biddle Road Medford, OR.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 11,620 SF property with multiple automotive service buildings; Main building spans approximately 4,500 SF across 2 levels; 13 lifts across the facility, including 8 lift bays in the dedicated shop
