Divisible Flex
729 Welch Street, Medford, OR 97501
For Sale
$700,000
Light Industrial-zoned building with separate warehouse areas, gated yard access, and a layout suited to owner-users or multiple occupants.
Property Size5,000 SF
Lot Size0.23 Acres
Price / SF$140
Days on Market99
Property Features for 729 Welch Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Site & Location
Highway Access
Road Access
Fenced Yard
Additional Details
Drive-In Doors
Building Details
Buildings
Building Size
Construction
Listing Agency:
Merit Commercial RE, LLC
(541) 608-6704
Listed By:
Caspian C Hoehne · License OR #201234073
(541) 200-3060
Source:
Evimerorealty
Added: Aug 8
Changed: Nov 5
Last Checked: Nov 12 at 6:31AM
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 RE, LLC
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Investment Insights
Based on property information with market context.
Built in 2007, this 5,000 SF flex building occupies a 0.23-acre parcel and is zoned Light Industrial. The interior is arranged around two warehouse areas of approximately ±2,500 SF each, with open work space, a front office, restroom, and storage serving each side. An interior connection currently joins the former standalone units, while the layout can support separate operations. Two 12'x14' overhead doors provide access for warehouse and industrial activity. Construction includes exterior CMU walls, interior steel framing, metal roofing, and a concrete slab foundation.
The property is enclosed by perimeter fencing and includes ±17 paved parking spaces within a gated yard. A full-movement driveway connects the site to Welch Street. Central Medford access places the building minutes from downtown and approximately a 6-minute drive from Interstate-5. The adjacent 727 Welch Street property is also available with ±2,016 SF of additional warehouse and office space.
The property is enclosed by perimeter fencing and includes ±17 paved parking spaces within a gated yard. A full-movement driveway connects the site to Welch Street. Central Medford access places the building minutes from downtown and approximately a 6-minute drive from Interstate-5. The adjacent 727 Welch Street property is also available with ±2,016 SF of additional warehouse and office space.
Key Highlights
- 5,000 SF flex building on a 0.23‑acre parcel
- Two warehouse areas of approximately ±2,500 SF each
- Two 12'x14' overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,581
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,620
$911.6K
Cap Rate 7%
$651,157
$651.2K
Cap Rate 9%
$506,456
$506.5K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$75.0K $15.00/SF
− Vacancy
−$4.9K −$0.98/SF
EGI
$70.1K $14.03/SF
− OpEx
−$24.5K −$4.91/SF
NOI
$45.6K $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 Rate 5%
$911,620
Cap Rate 7%
$651,157
Cap Rate 9%
$506,456
Alternative Uses
Best Use
Flex RnD
$651.2K
$569.8K – $759.7K
NOI $45,581 @ 7.0% cap · market cap 6.51%
Second Best
Warehouse
$553.2K
$484.0K – $645.4K
NOI $38,723 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,480 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,213
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
$325,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Jackson County, OR
Properties on Market for Flex space in Jackson County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Carne Muerta — 602 S Central Ave, Medford, OR 97501
- D's Cooking Tonight — 1725 W Main St, Medford, OR 97501
- Ashland Gourmet Catering — Medford, OR 97504
- Cuisine Dejour Inc — Medford, OR 97501
- Anatomy Coffee Co — Medford, OR 97501
Frequently Asked Questions
What type of property is this?
Flex space - Light Industrial-zoned building with separate warehouse areas, gated yard access, and a layout suited to owner-users or multiple occupants.
Where is this flex space located?
The property is located at 729 Welch Street Medford, OR.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 5,000 SF flex building on a 0.23‑acre parcel; Two warehouse areas of approximately ±2,500 SF each; Two 12'x14' overhead doors
