Medford Flex Warehouse For
For Sale
Contact for pricing
727 Welch St, Medford, OR 97501
Flex warehouse in central Medford with versatile commercial potential.
Property Size2,016 SF
Lot Size0.11 Acres
Price / SF$156.20
Days on Market156
Property Features for 727 Welch St
General Information
Standard status
Active
Size
2,016 SF
Lot size
0.11 Acres
Property subtype
Industrial
Zoning
I-L
Lease Type
NN
Building Details
Year Built
1977
Buildings
1
Stories
2
Units
1
Listing Agency:
Merit Commercial Real Estate
(541) 608-6704
Listed By:
Scott King · License #Oregon 200602153
Source:
Crexi
Added: Mar 10
Changed: Aug 9
Last Checked: Aug 11 at 1:24PM
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 Merit Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in central Medford, the property at 727 Welch Street is a 2,016 square foot flex warehouse situated on a 0.11-acre parcel. The building features steel roofing, steel and wood framing, metal siding, and a brick veneer face at the office entrance. The layout includes two sections: approximately 1,092 square feet of warehouse space with one 12'x10' overhead door, and approximately 942 square feet of office space with room for storage. The property is fully fenced with one manual rolling gate and includes 8 paved parking spaces within the gated yard. Access is provided by one left/right driveway off Welch Street. The property is located minutes from downtown and a 6-minute drive to Interstate-5. The building previously housed a high-volume prep kitchen and includes a currently non-functioning walk-in cooler. The property is suitable for a variety of commercial uses, including automotive, light manufacturing, and distribution. Some electrical and HVAC systems are currently inoperable and require repairs.
Key Highlights
- Central Medford location provides excellent access to downtown and Interstate‑5.
- Functional layout with distinct warehouse and office spaces.
- Flexible space suitable for automotive, light manufacturing, and distribution.
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
$18,378
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
5.84%
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%
$367,560
$367.6K
Cap Rate 7%
$262,543
$262.5K
Cap Rate 9%
$204,200
$204.2K
Market Conditions
NOI Build-Up for 2,016 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
$30.2K $15.00/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$28.3K $14.03/SF
− OpEx
−$9.9K −$4.91/SF
NOI
$18.4K $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 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%
$367,560
Cap Rate 7%
$262,543
Cap Rate 9%
$204,200
Alternative Uses
Best Use
Flex RnD
$262.5K
$229.7K – $306.3K
NOI $18,378 @ 7.0% cap · market cap 5.84%
Second Best
Warehouse
$223.0K
$195.2K – $260.2K
NOI $15,613 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$486.6K
$425.8K – $567.7K
NOI $34,062 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,004
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Industrial in West region
Questions? Ask Rey
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- Carne Muerta — 602 S Central Ave, Medford, OR 97501
Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse in central Medford with versatile commercial potential.
Where is this flex space located?
The property is located at 727 Welch St Medford, OR.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Central Medford location provides excellent access to downtown and Interstate‑5.; Functional layout with distinct warehouse and office spaces.; Flexible space suitable for automotive, light manufacturing, and distribution.
