High-Quality Office Building Near
717 Murphy Rd, Medford, OR 97504
Two-story office building with elevator, suitable for various uses.
Type:Office
Property size:
15,514 SFPrice / SF:
$186/SF- Added:
- Oct 7, 2022
- Days on Market:
- 1335
- Last Refresh:
- May 12 at 9:26 pm
Property Features for 717 Murphy Rd
General Information
- Standard status
- Active
- Size
- 15,514 SF
- Property subtype
- Office
Building Details
- Year Built
- 1999
Listing agent Jared Pulver License #OR 200508084
Listing office Pulver & Leever Real Estate Company
Listing date Oct 7, 2022
Source Crexi
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
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
- Includes a large conference room
- Originally built and designed as a law office
- Owner open to leasing all or part of the building based on tenant, use, and terms
Overview
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.
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 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.74M
$3.28M – $4.37M
NOI $262,125 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with local authorities.
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
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.8282559
- Latitude
- 42.3154463
Nearby Similar for Sale
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 $2,900,000.
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
