Building Details

Year Built 2002

Listing Agency: Holder Realty

Listed By: Strategic Realty, LLC Show Phone

Source: Movetobend

Added: Jul 31 Changed: Oct 15 Last Checked: Oct 14 at 11:33PM

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Investment Insights

Based on property information with market context.

This farm property at 501 Carter Ln includes a 2,680-square-foot house, an 800-square-foot barn home, a cottage, a cabin, and a tiny home. The grounds include OMMP/ODA-licensed gardens, greenhouses, irrigation ponds, and upgraded electrical systems. Farming equipment is included, supporting continued agricultural use.

Water resources include an endless well and a 1-million-gallon TID water allocation. The property also has mountain views and a 9-year, 5-star Superhost history associated with its short-term rental activity. Built in 2002, the flat, usable estate combines agricultural improvements with several residential structures.

Key Highlights

• OMMP/ODA‑licensed gardens and greenhouses
• 2,680‑square‑foot house plus an 800‑square‑foot barn home, cottage, cabin, and tiny home
• 1‑million‑gallon TID water allocation with an endless well and irrigation ponds

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,908

Cap Rate

3.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$598,160 $598.2K

Cap Rate 7%

$427,257 $427.3K

Cap Rate 9%

$332,311 $332.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,180 SF

Gross rent

$57.2K $18.00/SF

− Vacancy

−$2.9K −$0.90/SF

EGI

$54.4K $17.10/SF

− OpEx

−$24.5K −$7.69/SF

NOI

$29.9K $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%

$598,160

Cap Rate 7%

$427,257

Cap Rate 9%

$332,311

Alternative Uses

Best Use

Apartment 5plus

$427.3K

$373.9K – $498.5K (±1% cap)

NOI $29,908 @ 7.0% cap · market cap 3.15%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$767.6K

$671.6K – $895.5K (±1% cap)

NOI $53,729 @ 7.0% cap · market cap 5.66%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Cannabis Properties

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Garden Center (Bike/Boat/Book/etc) Store Hair Salon Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

16

Businesses Nearby

Explore this area Business Placement

Demographics for 97520, OR

25,970

Population

13,964

Households

1.9

Avg Household Size

47

Median Age

61%

College-Educated

96%

High-School Grad

328.8 sq mi

ZIP Area

79

Density / Sq Mi

$71,485

Median Household Income

$31,869

Median Earnings

$1,360

Median Rent

$568,700

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Farm - Flat agricultural property with greenhouses, irrigation ponds, and multiple residential structures.

Where is this farm located?

The property is located at 501 Carter Ln Ashland, OR.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: OMMP/ODA‑licensed gardens and greenhouses; 2,680‑square‑foot house plus an 800‑square‑foot barn home, cottage, cabin, and tiny home; 1‑million‑gallon TID water allocation with an endless well and irrigation ponds