Two-Suite Office
For Sale
$1,050,000
Pending
810 Ohare Pkwy, Medford, OR 97504
One suite is leased through September 30, 2026, while the other includes private offices and shared business amenities.
Property Size3,800 SF
Days on Market230
Property Features for 810 Ohare Pkwy
General Information
Standard status
Pending
Size
3,800 SF
Class
Class A
Total Parking Spaces
18
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$10,498
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
James E North · License #200310092
(541) 734-5280
Source:
Exprealty
Added: Jan 13
Changed: Aug 30
Last Checked: Aug 30 at 3:49PM
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 John L. Scott Medford
Investment Insights
Based on property information with market context.
This office building at 810 Ohare Pkwy is configured as two separate suites. The occupied suite contains approximately 2, 200 SQ. FT. and has a lease scheduled to end September 30, 2026. The second suite offers approximately 1, 600 SQ. FT. with multiple private offices, a conference room, break room, and unisex restroom.
The property is situated in East Medford near Rogue Valley International Airport. On-site parking includes 18 spaces, with additional off-street parking available as needed. The combination of a leased suite and a separately configured vacant suite provides a clearly divided office layout for continued occupancy and use.
The property is situated in East Medford near Rogue Valley International Airport. On-site parking includes 18 spaces, with additional off-street parking available as needed. The combination of a leased suite and a separately configured vacant suite provides a clearly divided office layout for continued occupancy and use.
Key Highlights
- Two office suites within one building
- Occupied suite measures approximately 2, 200 SQ. FT.; lease scheduled to expire September 30, 2026
- Vacant suite includes approximately 1, 600 SQ. FT.
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
$46,512
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
4.43%
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%
$930,240
$930.2K
Cap Rate 7%
$664,457
$664.5K
Cap Rate 9%
$516,800
$516.8K
Market Conditions
NOI Build-Up for 3,800 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
$73.0K $19.20/SF
− Vacancy
−$10.9K −$2.88/SF
EGI
$62.0K $16.32/SF
− OpEx
−$15.5K −$4.08/SF
NOI
$46.5K $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%
$930,240
Cap Rate 7%
$664,457
Cap Rate 9%
$516,800
Alternative Uses
Best Use
Office B
$664.5K
$581.4K – $775.2K
NOI $46,512 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$917.2K
$802.6K – $1.07M
NOI $64,205 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Multi-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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - One suite is leased through September 30, 2026, while the other includes private offices and shared business amenities.
Where is this office building located?
The property is located at 810 Ohare Pkwy Medford, OR.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two office suites within one building; Occupied suite measures approximately 2, 200 SQ. FT.; lease scheduled to expire September 30, 2026; Vacant suite includes approximately 1, 600 SQ. FT.
