Restaurant Property with Professional
For Sale
$450,000
603 S Riverside Avenue, Medford, OR 97501
Two dining areas, natural light, and C-G zoning support restaurant and broader commercial use potential.
Property Size1,922 SF
Price / SF$234.13
Days on Market447
Property Features for 603 S Riverside Avenue
General Information
Standard status
Active
Size
1,922 SF
Property subtype
General Commercial
Zoning
C-G
Additional Details
Road Access
Yes
Commercial Hood
Yes
Taxes and HOA fees
Annual Taxes
$4,957
Amenities
Central Air
3
Other
Metal
Parking.
Lot.
0.15000000596046448
Paved Road.
Building Details
Stories
1
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Rockwell Group · License #201207277
Source:
Xome
Added: Jun 10, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:34PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This 1,922-square-foot restaurant property is configured for ongoing operations, with two dining areas and abundant natural light. The professional kitchen includes a walk-in cooler, stainless steel sinks, and an overhead hood with a fire suppression system. Central air is also in place.
Located at 603 S Riverside Avenue in Medford, the property sits between Earhart and Twelfth Streets. C-G (General Commercial) zoning supports restaurant, retail, office, and mixed-use development uses. The site includes frontage and signage, along with paved-road access and parking.
Located at 603 S Riverside Avenue in Medford, the property sits between Earhart and Twelfth Streets. C-G (General Commercial) zoning supports restaurant, retail, office, and mixed-use development uses. The site includes frontage and signage, along with paved-road access and parking.
Key Highlights
- 1,922‑square‑foot restaurant property at 603 S Riverside Avenue
- Two dining areas with abundant natural light
- Professional kitchen with walk‑in cooler and stainless steel sinks
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,401
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$568,020
$568.0K
Cap Rate 7%
$405,729
$405.7K
Cap Rate 9%
$315,567
$315.6K
Market Conditions
NOI Build-Up for 1,922 SF
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.
Gross rent
$42.2K $21.96/SF
− Vacancy
−$4.3K −$2.26/SF
EGI
$37.9K $19.70/SF
− OpEx
−$9.5K −$4.93/SF
NOI
$28.4K $14.78/SF
Area
Jackson County, OR
Vacancy
10.28%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$568,020
Cap Rate 7%
$405,729
Cap Rate 9%
$315,567
Alternative Uses
Best Use
Specialty Retail
$405.7K
$355.0K – $473.4K
NOI $28,401 @ 7.0% cap · market cap 6.31%
Second Best
Industrial
$175.1K
$153.2K – $204.3K
NOI $12,258 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$463.9K
$405.9K – $541.2K
NOI $32,474 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
2,586
Businesses Nearby
123k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 50%
Dining 25%
Shops & Services 23%
Apparel 2%
WinCo Foods
Groceries
61,742 visits/mo
0.4 miles
Dollar Tree
Shops & Services
10,403 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
10,144 visits/mo
0.4 miles
Shell
Shops & Services
9,776 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
8,752 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two dining areas, natural light, and C-G zoning support restaurant and broader commercial use potential.
Where is this conventional restaurant located?
The property is located at 603 S Riverside Avenue Medford, OR.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,922‑square‑foot restaurant property at 603 S Riverside Avenue; Two dining areas with abundant natural light; Professional kitchen with walk‑in cooler and stainless steel sinks
