High-Quality Office Building Near
717 Murphy Rd Medford, OR 97504
717 Murphy Rd, Medford, OR, 97504
Contact for pricing
For Sale
Contact for pricing
Two-story office building with elevator, suitable for various uses.
Property Size15,514 SF
Price / SF$160.82
Days on Market1380
Property Features for 717 Murphy Rd
General Information
- Standard status
- Active
- Size
- 15,514 SF
- Property subtype
- Office
Building Details
- Year Built
- 1999
Listing Agency
Pulver & Leever Real Estate Company
(541) 773-5391
Listed by
Jared Pulver · License #OR 200508084
Source
Crexi
Added: Oct 7, 2022 Checked: Jul 17 at 5:45 am
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 Pulver & Leever Real Estate Company
Investment Insights
Based on property information with market context.
This is a high-quality, two-story office building with an elevator, situated near Asante - Rogue Regional Medical Center. Originally built as a law office, the building features numerous large, private offices and a large conference room located around the building's perimeter. The total property size is 15,514 square feet. The owner is open to leasing all or part of the building based on acceptable tenant, use, and terms. Note that the previous tenant was a not-for-profit organization with a property tax exemption, resulting in the current property taxes being listed as $0.
Key Highlights
- High‑quality office building in close proximity to Asante - Rogue Regional Medical Center
- Two‑story building with elevator access
- Numerous large, private offices suitable for professional use
Local Financial Insights For Office B
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 | $297.9k | $19.20 |
| − Vacancy | −$44.7k | −$2.88 |
| EGI | $253.2k | $16.32 |
| − OpEx | −$63.3k | −$4.08 |
| NOI | $189.9k | $12.24 |
15,514 SF · lease $19.20/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.71M
$2.37M – $3.16M
NOI $189,891 @ 7.0% cap · market cap 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.74M
$3.28M – $4.37M
NOI $262,125 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bloom Benjamin M
Law Firm
Cowling Robert L
Law Firm
Ingalls P David
Law Firm
Stamper Adam T
Law Firm
Visser Jesse A
Law Firm
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FAQs
What type of property is this?
Office building - Two-story office building with elevator, suitable for various uses.
Where is this office building located?
The property is located at 717 Murphy Rd Medford, OR.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: High‑quality office building in close proximity to Asante - Rogue Regional Medical Center; Two‑story building with elevator access; Numerous large, private offices suitable for professional use
