Automotive Property with Road
For Sale
$285,000
420 S Central Avenue, Medford, OR 97501
Commercial property with ample parking, accessible road frontage, and CC zoning for automotive-oriented operations.
Property Size694 SF
Days on Market435
Property Features for 420 S Central Avenue
General Information
Standard status
Active
Size
694 SF
Property subtype
Commercial
Zoning
CC
Taxes and HOA fees
Annual Taxes
$1,684
Amenities
ample parking
Building Details
Building Size
694 SF
Year Built
1939
Stories
1
Units
1
Listing Agency:
John L. Scott Medford
(541) 944-0677
Listed By:
Collin Quaid · License #201258667
(541) 944-0677
Source:
Allprofessionalsre
Added: Jun 12, 2025
Changed: Aug 20
Last Checked: Aug 20 at 2:34AM
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 John L. Scott Medford
Investment Insights
Based on property information with market context.
Built in 1939, this automotive property is located at 420 S Central Avenue in Medford, Oregon. The site includes ample parking and direct road visibility, with access characteristics suited to customer-oriented commercial activity.
CC zoning and the property’s stated compatibility with car-lot, retail, and service-based business uses provide a flexible framework for evaluating future operations. Its high-traffic setting adds practical exposure for businesses that depend on convenient customer access.
CC zoning and the property’s stated compatibility with car-lot, retail, and service-based business uses provide a flexible framework for evaluating future operations. Its high-traffic setting adds practical exposure for businesses that depend on convenient customer access.
Key Highlights
- CC zoning supports commercial use evaluation
- Built in 1939
- Ample parking on site
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
$9,601
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
3.37%
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%
$192,020
$192.0K
Cap Rate 7%
$137,157
$137.2K
Cap Rate 9%
$106,678
$106.7K
Market Conditions
NOI Build-Up for 694 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
$15.0K $21.60/SF
− Vacancy
−$1.3K −$1.84/SF
EGI
$13.7K $19.76/SF
− OpEx
−$4.1K −$5.93/SF
NOI
$9.6K $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%
$192,020
Cap Rate 7%
$137,157
Cap Rate 9%
$106,678
Alternative Uses
Best Use
Retail
$137.2K
$120.0K – $160.0K
NOI $9,601 @ 7.0% cap · market cap 3.37%
Second Best
Industrial
$63.2K
$55.3K – $73.8K
NOI $4,426 @ 7.0% cap · market cap 1.55%
Theoretical Best
Office A
$167.5K
$146.6K – $195.4K
NOI $11,726 @ 7.0% cap · market cap 4.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,704
Businesses Nearby
31k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 32%
Apparel 6%
Hotels & Casinos 1%
Dutch Bros. Coffee
Dining
10,144 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
8,752 visits/mo
0.3 miles
Umpqua Bank
Shops & Services
5,813 visits/mo
0.1 miles
U.S. Bank
Shops & Services
1,926 visits/mo
0.4 miles
VIM
Apparel
1,892 visits/mo
0.2 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Automotive property - Commercial property with ample parking, accessible road frontage, and CC zoning for automotive-oriented operations.
Where is this automotive property located?
The property is located at 420 S Central Avenue Medford, OR.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: CC zoning supports commercial use evaluation; Built in 1939; Ample parking on site
