Office Building Near Medical
For Sale
$735,000
753 Spring Street, Medford, OR 97504
Approximately 3,967 SF office building with 17 on-site parking spaces on a 0.35-acre lot near Providence Medford Medical Center.
Property Size3,967 SF
Lot Size0.35 Acres
Price / SF$185.28
Days on Market276
Property Features for 753 Spring Street
General Information
Standard status
Active
Size
3,967 SF
Total Parking Spaces
17
Lot size
0.35 Acres
Property subtype
Commercial
Zoning
C-S/P
Building Details
Building Size
3,967 SF
Year Built
1988
Stories
1
Units
1
Listing Agency:
Pulver and Leever Real Estate
(541) 773-5391
Listed By:
William J Leever · License #780301889
(541) 773-5391
Source:
Allprofessionalsre
Added: Nov 20, 2025
Changed: Aug 23
Last Checked: Aug 23 at 4:06AM
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 and Leever Real Estate
Investment Insights
Based on property information with market context.
Nice approximately 3,967 SF office building on a 0.35-acre lot, per Jackson County Assessor’s information. The property includes 17 on-site parking spaces and is suited for professional office use, with the option for conversion to a medical use.
The building is well located adjacent to the Providence Medford Medical Center campus. An adjacent property at 769 Spring Street is also available and could provide additional parking and/or an additional commercial building site.
This listing presents a straightforward office configuration with on-site parking, positioned for tenants or buyers looking to serve users associated with a nearby medical campus.
The building is well located adjacent to the Providence Medford Medical Center campus. An adjacent property at 769 Spring Street is also available and could provide additional parking and/or an additional commercial building site.
This listing presents a straightforward office configuration with on-site parking, positioned for tenants or buyers looking to serve users associated with a nearby medical campus.
Key Highlights
- Approximately 3,967 SF office building on a 0.35‑acre lot, per Jackson County Assessor's info
- Adjacent to the Providence Medford Medical Center campus
- 17 on‑site parking spaces
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
$57,518
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
7.83%
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%
$1,150,360
$1.2M
Cap Rate 7%
$821,686
$821.7K
Cap Rate 9%
$639,089
$639.1K
Market Conditions
NOI Build-Up for 3,967 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
$107.1K $27.00/SF
− Vacancy
−$11.2K −$2.84/SF
EGI
$95.9K $24.17/SF
− OpEx
−$38.3K −$9.67/SF
NOI
$57.5K $14.50/SF
Area
Jackson County, OR
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,150,360
Cap Rate 7%
$821,686
Cap Rate 9%
$639,089
Alternative Uses
Best Use
Healthcare Medical
$821.7K
$719.0K – $958.6K
NOI $57,518 @ 7.0% cap · market cap 7.83%
Second Best
Office B
$693.7K
$607.0K – $809.3K
NOI $48,556 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$957.5K
$837.8K – $1.12M
NOI $67,026 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,956
Businesses Nearby
Explore this area
Business Placement
Demographics for 97504, OR
49,942
Population
21,290
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
93%
High-School Grad
43.3 sq mi
ZIP Area
1,153
Density / Sq Mi
$81,233
Median Household Income
$43,744
Median Earnings
$1,387
Median Rent
$447,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Approximately 3,967 SF office building with 17 on-site parking spaces on a 0.35-acre lot near Providence Medford Medical Center.
Where is this office building located?
The property is located at 753 Spring Street Medford, OR.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Approximately 3,967 SF office building on a 0.35‑acre lot, per Jackson County Assessor's info; Adjacent to the Providence Medford Medical Center campus; 17 on‑site parking spaces
