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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Commercial real estate
2021 Commerce Dr Medford, OR 97504-9478
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US71-0821096
Property summary
AI-generated overview
This exceptional 5,430-square-foot commercial property in Medford, Oregon, presents a unique investment opportunity. Located at 2021 Commerce Dr, 97504, this vacant, two-story Class B building boasts a desirable blend of office and warehouse space, perfect for an owner-user. Built in 2008, the structure features tilt-up panel concrete construction, ensuring durability and longevity. The property includes approximately 1,750 square feet of warehouse space and approximately 3,680 square feet of modern office space, complemented by two shared bathrooms. Its prime location offers easy access to Highway 62 and the Medford Airport, enhancing its appeal and accessibility. The property is zoned for light industrial use and sits on a single lot (APN: 1-098781-9). The asking price is $978,000, translating to $180.11 per square foot. This represents a compelling opportunity to acquire a well-maintained, strategically located commercial property in a thriving Oregon market.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
2008
Total area
4,333 SF
Lot
0.1 ac (4,356 SF)
Zoning code
I-L
APN
1-0987819
UPID
US71-0821096
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
D & S AUTOMOTIVE REPAIR Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$535k
Blend (final)
Blend
$675k
Owner & transaction history
2021 Commerce LLC
2021 Commerce LLC
since 2026
Last sale
$735,000
5 recorded transactions
Zoning & alternative use
I-L · Medford, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+48.3%
Neighborhood: shopping center
$900,000
+21.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Medford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$745,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$740,000
Current use
MEDICAL BUILDING
$1,095,000
Change: +48% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$900,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$700,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$690,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $735k (Jan 15 2026)
Last sale anchor
$735k
Jan 15 2026
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$156 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,943
Tax year 2023
Assessed value
$331,460
Assessed 2023
Previous assessed
$321,810
+3.0% YoY
Effective rate
1.49%
On assessed value
Assessed improvement
$331,460
Improvement market value
$391,020
Total market value
$391,020
Applied tax rate
4,901.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
2008
Heating
NONE
Total area
4,333 SF
Lot
0.1 ac (4,356 SF)
Zoning code
I-L
APN
1-0987819
UPID
US71-0821096
Jurisdiction
JACKSON
Zoning & alternative use
I-L · Medford, OR
Zoning I-L · permitted uses
I-L · Medford, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Medford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$740,000
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$900,000
AUTO REPAIR, GARAGE
Est. value
$700,000
RETAIL STORES
Est. value
$690,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Lot
0.1 ac
Current owner
From public records · entity-resolved
2021 Commerce LLC
Entity
Mailing address
2736 LK SHR DR, CENTRAL POINT, OR 97502-9441
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2026
$735,000
2021 Commerce LLC
M & D Holdings LLC
Warranty Deed
—
Apr 23, 2018
—
M & D Holdings LLC
—
Deed
related
$487,000 · Peoples Bk/commerce
Apr 11, 2008
$476,700
M & D Holdings LLC
Burrill Resources INC
Warranty Deed
related
$601,289 · Premierwest Bank
—
—
M & D Holdings LLC
—
Deed Of Trust
related
$239,000 · Peoples Bank Of Commerce
—
—
M & D Holdings LLC
—
Deed Of Trust
related
$487,000 · Peoples Bk/commerce
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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