Building Details

Year Built 2005

Buildings 1

Building Size 3,968 SF

Tenancy Single

Owner Occupied No

Listing Agency: Merit Commercial RE, LLC

Listed By: Caspian C Hoehne · License #201234073 Show Phone

Source: Portlandoregonhomelistings

Added: Oct 25 Changed: Oct 28 Last Checked: Oct 28 at 2:36PM

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Investment Insights

Based on property information with market context.

Built in 2005, this 3,968-square-foot office property occupies a 0.59-acre parcel in Navigator's Landing in Medford. The main level combines an open office area with an approximately 1,000-square-foot workshop served by an 8' x 7.5' grade-level overhead door. An unfinished second floor currently offers storage space, and the paved lot provides 18 striped parking stalls.

Tekmanagement occupies the building under a lease scheduled to end in mid-2027. The property is located at 800 O'Hare Pkwy, Medford, Oregon.

Key Highlights

• 3,968 SF office building on a 0.59‑acre lot
• Approximately 1,000 SF workshop with an 8' x 7.5' overhead grade door
• Open professional office area and unfinished second‑floor storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,568

Cap Rate

4.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$971,360 $971.4K

Cap Rate 7%

$693,829 $693.8K

Cap Rate 9%

$539,644 $539.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,968 SF

Gross rent

$76.2K $19.20/SF

− Vacancy

−$11.4K −$2.88/SF

EGI

$64.8K $16.32/SF

− OpEx

−$16.2K −$4.08/SF

NOI

$48.6K $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 Rate 5%

$971,360

Cap Rate 7%

$693,829

Cap Rate 9%

$539,644

Alternative Uses

Best Use

Office B

$693.8K

$607.1K – $809.5K (±1% cap)

NOI $48,568 @ 7.0% cap · market cap 4.88%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$957.8K

$838.0K – $1.12M (±1% cap)

NOI $67,043 @ 7.0% cap · market cap 6.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Restaurant Dental Office Law Firm Spa & Massage Center Building Supply Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

489

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Open office space is paired with a dedicated workshop and additional upper-level storage.

Where is this office building located?

The property is located at 800 Ohare Pkwy Medford, OR.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 3,968 SF office building on a 0.59‑acre lot; Approximately 1,000 SF workshop with an 8' x 7.5' overhead grade door; Open professional office area and unfinished second‑floor storage