Automotive Shop with Fenced
For Sale
Contact for pricing
6062-6068 Crater Lake Avenue, Medford, OR 97502
High-bay shop includes dual overhead doors and a dedicated front office and reception area.
Property Size5,684 SF
Lot Size0.71 Acres
Price / SF$167.14
Days on Market19
Property Features for 6062-6068 Crater Lake Avenue
General Information
Standard status
Active
Size
5,684 SF
Lot size
0.71 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
dual 14-foot overhead doors
high-bay shop space
front office/reception
paved yard
Building Details
Buildings
1
Building Size
5,684 SF
Listing Agency:
Rutledge Property Group
Listed By:
Adam Rutledge · License #OR
(541) 778-9677
Source:
Crexi
Added: Aug 27
Changed: Sep 9
Last Checked: Sep 13 at 5:43AM
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 Rutledge Property Group
Investment Insights
Based on property information with market context.
This 5,684-square-foot automotive property occupies approximately 0.71 acres and combines a high-bay service area with a dedicated front office and reception space. Two 14-foot overhead doors support vehicle access, while the fully fenced yard has been freshly paved for vehicle staging. The configuration is suited to automotive repair, fleet management, light manufacturing, or tire and alignment operations.
Located near the intersection of Highway 62 and Crater Lake Avenue, the property serves the Central Point and Medford trade area. Its combination of shop capacity, office space, overhead access, and secured yard provides a practical layout for automotive and industrial operations.
Located near the intersection of Highway 62 and Crater Lake Avenue, the property serves the Central Point and Medford trade area. Its combination of shop capacity, office space, overhead access, and secured yard provides a practical layout for automotive and industrial operations.
Key Highlights
- 5,684 sq ft industrial building on ~0.71 acres
- Two 14‑foot overhead doors
- High‑bay shop space for automotive and industrial operations
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
$78,637
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
8.28%
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%
$1,572,740
$1.6M
Cap Rate 7%
$1,123,386
$1.1M
Cap Rate 9%
$873,744
$873.7K
Market Conditions
NOI Build-Up for 5,684 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
$122.8K $21.60/SF
− Vacancy
−$10.4K −$1.84/SF
EGI
$112.3K $19.76/SF
− OpEx
−$33.7K −$5.93/SF
NOI
$78.6K $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 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%
$1,572,740
Cap Rate 7%
$1,123,386
Cap Rate 9%
$873,744
Alternative Uses
Best Use
Retail
$1.12M
$983.0K – $1.31M
NOI $78,637 @ 7.0% cap · market cap 8.28%
Second Best
Industrial
$517.9K
$453.2K – $604.2K
NOI $36,252 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,037 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- C & C Tires Inc. — 5600 Crater Lake Ave, Central Point, OR 97502
- Car Tech Auto Body Inc. — 5630 Crater Lake Ave Unit A, Medford, OR 97502
- Bullet Machine Inc — 5620 crater lake ave # 100, central point, or 97502
- Case Customs LLC — 5742 Crater Lake Ave, Central Point, OR 97502
- Brothers RV Repair — 5744 Crater Lake Ave, Central Point, OR 97502
Frequently Asked Questions
What type of property is this?
Auto shop - High-bay shop includes dual overhead doors and a dedicated front office and reception area.
Where is this auto shop located?
The property is located at 6062-6068 Crater Lake Avenue Medford, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 5,684 sq ft industrial building on ~0.71 acres; Two 14‑foot overhead doors; High‑bay shop space for automotive and industrial operations
