Neighborhood Shopping
For Sale
$2,400,000
602 Crater Lake Avenue, Medford, OR 97504
Established occupants hold gross leases that extend through 2027.
Property Size13,683 SF
Lot Size1.19 Acres
Price / SF$175.40
Days on Market192
Property Features for 602 Crater Lake Avenue
General Information
Standard status
Active
Size
13,683 SF
Lot size
1.19 Acres
Property subtype
Commercial
Zoning
C-C
Net Operating Income
$122,809
Additional Details
Gross Income
$193,700
Corner Location
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$24,242
Building Details
Building Size
13,683 SF
Year Built
1960
Buildings
3
Stories
1
Units
12
Tenancy
Multi
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
James E North · License #200310092
(541) 734-5280
Source:
Desertskyrealestate
Added: Apr 22
Changed: Oct 25
Last Checked: Oct 29 at 8:33PM
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
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Investment Insights
Based on property information with market context.
Shamrock Square is a retail center comprising three single-level buildings with approximately 13,700 square feet across 1.19 acres and three tax lots. The property contains 12 tenant spaces and was built in 1960. Zoning is C-C.
The center occupies the corner of Stevens Street and Crater Lake Avenue in Medford, near The Medford Center and The Village at the Medford Center. Current gross leases run through 2027, and most occupants are described as long-term tenants. Tenant tours are arranged after an acceptable offer.
The center occupies the corner of Stevens Street and Crater Lake Avenue in Medford, near The Medford Center and The Village at the Medford Center. Current gross leases run through 2027, and most occupants are described as long-term tenants. Tenant tours are arranged after an acceptable offer.
Key Highlights
- Three single‑level buildings totaling approximately 13,700 square feet
- 12 tenants across 3 tax lots on 1.19 acres
- Corner location at Stevens Street and Crater Lake Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$189,302
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,786,040
$3.8M
Cap Rate 7%
$2,704,314
$2.7M
Cap Rate 9%
$2,103,356
$2.1M
Market Conditions
NOI Build-Up for 13,683 SF
Gross rent
$295.6K $21.60/SF
− Vacancy
−$25.1K −$1.84/SF
EGI
$270.4K $19.76/SF
− OpEx
−$81.1K −$5.93/SF
NOI
$189.3K $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 Rate 5%
$3,786,040
Cap Rate 7%
$2,704,314
Cap Rate 9%
$2,103,356
Alternative Uses
Best Use
Retail
$2.70M
$2.37M – $3.16M
NOI $189,302 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,188 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,930
Businesses Nearby
298k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 30%
Apparel 22%
Leisure 19%
Shops & Services 13%
Cinemark Tinseltown USA
Leisure
56,946 visits/mo
0.2 miles
Safeway
Groceries
39,088 visits/mo
0.1 miles
Burlington
Apparel
37,487 visits/mo
0.3 miles
Red Robin Gourmet Burgers
Dining
24,662 visits/mo
0.4 miles
Ross Dress for Less
Apparel
23,218 visits/mo
0.3 miles
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Established occupants hold gross leases that extend through 2027.
Where is this shopping center located?
The property is located at 602 Crater Lake Avenue Medford, OR.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Three single‑level buildings totaling approximately 13,700 square feet; 12 tenants across 3 tax lots on 1.19 acres; Corner location at Stevens Street and Crater Lake Avenue
