Divisible Flex
For Sale
Contact for pricing
729 Welch Street, Medford, OR 97501
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 Market8
Property Features for 729 Welch Street
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
7
Lot size
0.23 Acres
Property subtype
Industrial
Zoning
Light Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
2
Building Details
Year Built
2007
Buildings
1
Building Size
5,000 SF
Construction
CMU
Listing Agency:
Merit Commercial Real Estate
(541) 608-6704
Listed By:
Scott King · License #Oregon 200602153
Source:
Crexi
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 11 at 4:03PM
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.
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 = 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
$61,200
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
8.74%
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%
$1,224,000
$1.2M
Cap Rate 7%
$874,286
$874.3K
Cap Rate 9%
$680,000
$680.0K
Market Conditions
NOI Build-Up for 5,000 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
$96.0K $19.20/SF
− Vacancy
−$14.4K −$2.88/SF
EGI
$81.6K $16.32/SF
− OpEx
−$20.4K −$4.08/SF
NOI
$61.2K $12.24/SF
Area
Jackson County, OR
Vacancy
15.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,224,000
Cap Rate 7%
$874,286
Cap Rate 9%
$680,000
Alternative Uses
Best Use
Office B
$874.3K
$765.0K – $1.02M
NOI $61,200 @ 7.0% cap · market cap 8.74%
Second Best
Flex RnD
$651.2K
$569.8K – $759.7K
NOI $45,581 @ 7.0% cap · market cap 6.51%
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.
Property Analytics
Property Profile
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
2,004
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 Office 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 - 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
