Two-Suite Office
3619 Aviation Way, Medford, OR 97504
For Sale
New
$1,075,000
Commercial Sale, Medford, OR
Property Size4,199 SF
Lot Size0.35 Acres
Price / SF$256.01
Days on Market4
Property Features for 3619 Aviation Way
General Information
Property type
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Zoning description
Parking features
Window features
Patio and Porch features
Interior features
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Standard status
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Size
Lot size
Additional Details
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Taxes and HOA fees
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Tax Annual Amount
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Building Details
Year built
Floors in Building
Number of units
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Buildings
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Rutledge Property Group · License OR #201007081
(541) 778-9677
Added: Nov 11
Last Checked: Nov 14 at 12:06AM
MLS# 220231009
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2002, this 4,199-square-foot office property contains two suites on a 0.35-acre parcel. Suite 101 is currently leased and includes seven private offices, a reception area, break room, mail room, and one bathroom. Suite 102 is scheduled to become vacant December 1 and offers seven private offices, a conference room, mail room, break room, front desk area, and two bathrooms. The suites have separate electric and natural gas meters.
Construction includes brick, concrete, and frame materials. Interior features include data wiring, solid-surface counters, and laminate, vinyl, and carpet flooring. The property has forced-air natural gas heat, central air conditioning, public water and sewer, and a metal roof. A neighboring vacant lot at 3580 Excel Drive is also offered for sale.
Construction includes brick, concrete, and frame materials. Interior features include data wiring, solid-surface counters, and laminate, vinyl, and carpet flooring. The property has forced-air natural gas heat, central air conditioning, public water and sewer, and a metal roof. A neighboring vacant lot at 3580 Excel Drive is also offered for sale.
Key Highlights
- 4,199‑square‑foot office building on 0.35 acres
- Two suites with separate electric and natural gas meters
- Suite 101 has seven private offices, reception, break room, mail room, and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,396
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,027,920
$1.0M
Cap Rate 7%
$734,229
$734.2K
Cap Rate 9%
$571,067
$571.1K
Market Conditions
NOI Build-Up for 4,199 SF
Gross rent
$80.6K $19.20/SF
− Vacancy
−$12.1K −$2.88/SF
EGI
$68.5K $16.32/SF
− OpEx
−$17.1K −$4.08/SF
NOI
$51.4K $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 Rate 5%
$1,027,920
Cap Rate 7%
$734,229
Cap Rate 9%
$571,067
Alternative Uses
Best Use
Office B
$734.2K
$642.5K – $856.6K
NOI $51,396 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$886.8K – $1.18M
NOI $70,946 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
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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
$447,800
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Medford, OR
Properties on Market for Office buildings in Medford
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Separate utility meters and distinct office layouts support independent occupancy within the building.
Where is this office building located?
The property is located at 3619 Aviation Way Medford, OR.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 4,199‑square‑foot office building on 0.35 acres; Two suites with separate electric and natural gas meters; Suite 101 has seven private offices, reception, break room, mail room, and one bathroom
