Freestanding Flex Space with
For Sale
$875,000
808 S Riverside Ave, Medford, OR 97501
C-H Heavy Commercial zoning and public water and sewer support a range of commercial configurations.
Property Size6,500 SF
Lot Size0.32 Acres
Price / SF$134.62
Days on Market11
Property Features for 808 S Riverside Ave
General Information
Standard status
Active
Size
6,500 SF
Lot size
0.32 Acres
Property subtype
Commercial
Zoning
C-H Heavy Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1965
Buildings
1
Building Size
6,500 SF
Construction
concrete brick
Listing Agency:
RE/MAX Platinum
(541) 301-7125
Listed By:
David Wright · License #200004070
Source:
Portlandoregonhomelistings
Added: Aug 20
Changed: Aug 30
Last Checked: Aug 25 at 7:33AM
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 RE/MAX Platinum
Investment Insights
Based on property information with market context.
This freestanding flex property contains 6,500 square feet on two tax lots totaling 0.32 acres. The building combines a showroom, two offices, a restroom, warehouse area, break room, and second bath. The showroom and office areas have tile flooring, while the warehouse features concrete floors, high ceilings, a roll-up door, and gas heat. Construction is concrete brick with a membrane roof, and the building is slab on grade.
The property carries C-H Heavy Commercial zoning and has 100 feet of dual frontage connecting S. Riverside Avenue and S. Central Avenue in Medford. Public water and sewer serve the site, and the property offers major highway access. Built in 1965, the layout supports retail, contractor, service, and warehouse applications.
The property carries C-H Heavy Commercial zoning and has 100 feet of dual frontage connecting S. Riverside Avenue and S. Central Avenue in Medford. Public water and sewer serve the site, and the property offers major highway access. Built in 1965, the layout supports retail, contractor, service, and warehouse applications.
Key Highlights
- 6,500 SF freestanding building on two tax lots totaling 0.32 AC
- 100 feet of dual frontage connecting S. Riverside & S. Central
- C‑H Heavy Commercial zoning
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
$59,256
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
6.77%
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%
$1,185,120
$1.2M
Cap Rate 7%
$846,514
$846.5K
Cap Rate 9%
$658,400
$658.4K
Market Conditions
NOI Build-Up for 6,500 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
$97.5K $15.00/SF
− Vacancy
−$6.3K −$0.98/SF
EGI
$91.2K $14.03/SF
− OpEx
−$31.9K −$4.91/SF
NOI
$59.3K $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%
$1,185,120
Cap Rate 7%
$846,514
Cap Rate 9%
$658,400
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.50M
NOI $89,926 @ 7.0% cap · market cap 10.28%
Second Best
Flex RnD
$846.5K
$740.7K – $987.6K
NOI $59,256 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,824 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,385
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Jens catering — E 8th St &, S Central Ave, Medford, OR 97501
- Quality Catering — 1108 E Main St, Medford, OR 97504
Frequently Asked Questions
What type of property is this?
Flex space - C-H Heavy Commercial zoning and public water and sewer support a range of commercial configurations.
Where is this flex space located?
The property is located at 808 S Riverside Ave Medford, OR.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 6,500 SF freestanding building on two tax lots totaling 0.32 AC; 100 feet of dual frontage connecting S. Riverside & S. Central; C‑H Heavy Commercial zoning
