Two-Building Office
817 Ohare Pkwy, Medford, OR 97504
For Sale
$2,100,000
Two distinct office buildings offer a mix of private offices, open work areas, kitchenettes, and on-site parking.
Property Size7,005 SF
Price / SF$299.79
Days on Market55
Property Features for 817 Ohare Pkwy
General Information
Standard status
Size
Property subtype
Additional Details
Cap Rate
Highway Access
Tenant in Place
Property Use
Amenities
landscaping
private patio
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
eXp Realty, LLC
Listed By:
Joshua Gregorio · License #201236188
(541) 241-7331
Source:
Portlandoregonhomelistings
Added: Sep 16
Changed: Nov 8
Last Checked: Oct 5 at 6:47PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This Medford office property comprises two buildings with different layouts. The 2010 building contains 3,716 square feet divided among four suites, with two on each floor. Each suite has private offices, open workspace, a kitchenette, a restroom, an IT closet, separate HVAC and internet, and individually metered water and power. The 2020 building provides 3,289 square feet, including reception, executive offices, several restrooms, flexible open workspace, a kitchenette and breakroom, and a private patio. Floor-to-ceiling glass brings natural light into the contemporary-designed space. Landscaping and on-site parking are also present.
The property is in a Medford business district, minutes from I-5 and Rogue Valley International-Medford Airport. Established tenancy is in place, and the stated cap rate at current rents is approximately 7%.
The property is in a Medford business district, minutes from I-5 and Rogue Valley International-Medford Airport. Established tenancy is in place, and the stated cap rate at current rents is approximately 7%.
Key Highlights
- Two office buildings: 3,716 square feet built in 2010 and 3,289 square feet built in 2020
- 2010 building has four suites, with two on each floor
- Each suite includes private offices, open workspace, kitchenette, restroom, IT closet, separate HVAC and internet, and individual water and power meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,741
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,714,820
$1.7M
Cap Rate 7%
$1,224,871
$1.2M
Cap Rate 9%
$952,678
$952.7K
Market Conditions
NOI Build-Up for 7,005 SF
Gross rent
$134.5K $19.20/SF
− Vacancy
−$20.2K −$2.88/SF
EGI
$114.3K $16.32/SF
− OpEx
−$28.6K −$4.08/SF
NOI
$85.7K $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%
$1,714,820
Cap Rate 7%
$1,224,871
Cap Rate 9%
$952,678
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.43M
NOI $85,741 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,356 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
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
$447,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Medford, OR
Properties on Market for Office buildings in Medford
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two distinct office buildings offer a mix of private offices, open work areas, kitchenettes, and on-site parking.
Where is this office building located?
The property is located at 817 Ohare Pkwy Medford, OR.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Two office buildings: 3,716 square feet built in 2010 and 3,289 square feet built in 2020; 2010 building has four suites, with two on each floor; Each suite includes private offices, open workspace, kitchenette, restroom, IT closet, separate HVAC and internet, and individual water and power meters
