Office Unit with Private
For Sale
Contact for pricing
502 W Main Street 102, Medford, OR 97501
One-story corner suite near the courthouse and municipal buildings, with finished storage and multiple enclosed offices.
Property Size3,313 SF
Days on Market62
Property Features for 502 W Main Street 102
General Information
Standard status
Active
Size
3,313 SF
Building Details
Stories
1
Listing Agency:
Windermere Van Vleet & Assoc.
(541) 779-6520
Listed By:
Robert Methvin · License #791100078
(541) 944-4002
Source:
Evimerorealty
Added: Aug 20
Changed: Oct 7
Last Checked: Oct 19 at 6:17AM
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 Windermere Van Vleet & Assoc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-story office unit at 502 W Main Street, Suite 102, includes 3,313 square feet assigned to the suite, including some common area. The layout provides 11 private offices and a finished 589-square-foot storage room, supporting a range of office operations within a dedicated suite configuration.
The property occupies a corner location in Medford near the courthouse and other municipal buildings. Its civic-area setting places the suite close to local government facilities while retaining a defined office layout for occupants seeking multiple enclosed workspaces and on-site storage.
The property occupies a corner location in Medford near the courthouse and other municipal buildings. Its civic-area setting places the suite close to local government facilities while retaining a defined office layout for occupants seeking multiple enclosed workspaces and on-site storage.
Key Highlights
- 3,313 square feet assigned to Suite 102, including some common area
- 11 private offices within the suite
- Finished 589‑square‑foot storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,551
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,020
$811.0K
Cap Rate 7%
$579,300
$579.3K
Cap Rate 9%
$450,567
$450.6K
Market Conditions
NOI Build-Up for 3,313 SF
Gross rent
$63.6K $19.20/SF
− Vacancy
−$9.5K −$2.88/SF
EGI
$54.1K $16.32/SF
− OpEx
−$13.5K −$4.08/SF
NOI
$40.6K $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%
$811,020
Cap Rate 7%
$579,300
Cap Rate 9%
$450,567
Alternative Uses
Best Use
Office B
$579.3K
$506.9K – $675.9K
NOI $40,551 @ 7.0% cap · market cap 4,055,100.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$799.7K
$699.7K – $932.9K
NOI $55,976 @ 7.0% cap · market cap 5,597,600.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,947
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - One-story corner suite near the courthouse and municipal buildings, with finished storage and multiple enclosed offices.
Where is this office unit located?
The property is located at 502 W Main Street 102 Medford, OR.
What are key features of this property?
This property features: 3,313 square feet assigned to Suite 102, including some common area; 11 private offices within the suite; Finished 589‑square‑foot storage room
