602 Crater Lake Avenue, Medford, OR 97504
Well-maintained neighborhood retail center with three single-level buildings and 12 established tenants.
- Added:
- Mar 11, 2026
- Days on Market:
- 97
- Last Refresh:
- Jun 13 at 3:06 am
Property Features for 602 Crater Lake Avenue
General Information
- Standard status
- Active
- Size
- 13,700 SF
- Lot size
- 1.19 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing agent James E North (541) 548-2131
Listing office John L. Scott Medford
Listing date Mar 11, 2026
Source Century21northhomes
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
HighLights
- Shamrock Square is a neighborhood retail center with 3 single‑level buildings totaling 13,700 SF on 1.19 acres (3 tax lots).
- 12 tenants in place, with Gross Tenants’ Leases currently running through 2027 and buyer able to renegotiate rents.
- Located at the corner of Stevens Street and Crater Lake Avenue near The Medford Center and The Village at the Medford Center.
- Year‑end 2025 Gross Income was $193,700 and Net Operating Income was $122,809.
- Most tenants are long term and established in the center.
Overview
The property is located at the corner of Stevens Street and Crater Lake Avenue, near The Medford Center and The Village at the Medford Center, two of Medford’s major shopping destinations. The center’s tenant spaces are expected to be toured only after an acceptable offer is in place, in accordance with instructions not to disturb tenants.
For buyers, the existing lease structure provides near-term continuity through 2027, with the option for a buyer to renegotiate rents. Based on the provided figures, gross income for year-end 2025 was $193,700 and net operating income was $122,809. Offered for sale as a neighborhood retail investment with multiple buildings and established tenants, Shamrock Square is positioned to serve everyday retail needs for the surrounding area.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $295.9k | $21.60 |
| − Vacancy | −$25.2k | −$1.84 |
| EGI | $270.8k | $19.76 |
| − OpEx | −$81.2k | −$5.93 |
| NOI | $189.5k | $13.83 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Coinstar Kiosk | Bitcoin ATM — Safeway, 3169 Crater Lake Hwy, Medford, OR 97501
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.8617658
- Latitude
- 42.3348732
