Flex Building with Shop
For Sale
$800,000
6026 Crater Lake Avenue, Medford, OR 97502
Two separately accessed areas, shop improvements, and a mezzanine support a range of business configurations.
Property Size6,553 SF
Price / SF$122.08
Days on Market22
Property Features for 6026 Crater Lake Avenue
General Information
Standard status
Active
Size
6,553 SF
Total Parking Spaces
13
Property subtype
Commercial
Zoning
GC
Additional Details
Automotive Uses
auto repair
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$3,489
Amenities
kitchenette
wet bar
Building Details
Building Size
6,553 SF
Year Built
2001
Stories
2
Units
1
Construction
steel frame
Listing Agency:
Home Quest Realty
Listed By:
Ellie George · License #200502069
(541) 774-5503
Source:
Desertskyrealestate
Added: Oct 5
Changed: Oct 26
Last Checked: Oct 26 at 3:47AM
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 Home Quest Realty
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 6,553-square-foot steel-frame flex building, constructed in 2001, is divided into two areas with separate entrances and an interior roll-up door. One side includes a mechanical shop with a hydraulic lift, roll-up door access, and a reception area. The other has a large open room, bathrooms, storage, and a separate 18-by-18-foot room. An upstairs office and additional storage space complement the mezzanine, which includes a viewing area, kitchenette, and wet bar.
The property is located between Medford and White City. Its paved parking lot has 13 spaces. Water is supplied by a well, and the site has public sewer. An outdoor storage unit is included. Zoning is GC.
The property is located between Medford and White City. Its paved parking lot has 13 spaces. Water is supplied by a well, and the site has public sewer. An outdoor storage unit is included. Zoning is GC.
Key Highlights
- 6,553‑square‑foot steel‑frame building, built in 2001
- Two areas with separate entrances and an interior roll‑up door
- Mechanical shop side has a hydraulic lift, roll‑up access, and reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,739
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,194,780
$1.2M
Cap Rate 7%
$853,414
$853.4K
Cap Rate 9%
$663,767
$663.8K
Market Conditions
NOI Build-Up for 6,553 SF
Gross rent
$98.3K $15.00/SF
− Vacancy
−$6.4K −$0.98/SF
EGI
$91.9K $14.03/SF
− OpEx
−$32.2K −$4.91/SF
NOI
$59.7K $9.12/SF
Area
Jackson County, OR
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,194,780
Cap Rate 7%
$853,414
Cap Rate 9%
$663,767
Alternative Uses
Best Use
Retail
$1.30M
$1.13M – $1.51M
NOI $90,659 @ 7.0% cap · market cap 11.33%
Second Best
Flex RnD
$853.4K
$746.7K – $995.7K
NOI $59,739 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$1.58M
$1.38M – $1.85M
NOI $110,719 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97502, OR
29,558
Population
11,717
Households
2.5
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
82.1 sq mi
ZIP Area
360
Density / Sq Mi
$79,146
Median Household Income
$42,667
Median Earnings
$1,245
Median Rent
$374,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Two separately accessed areas, shop improvements, and a mezzanine support a range of business configurations.
Where is this flex space located?
The property is located at 6026 Crater Lake Avenue Medford, OR.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 6,553‑square‑foot steel‑frame building, built in 2001; Two areas with separate entrances and an interior roll‑up door; Mechanical shop side has a hydraulic lift, roll‑up access, and reception area
