Property profile

2021 Commerce Dr Medford, OR 97504

OFF-MARKET
Other commercial real estate
Property ID
US71-0821096
4,333 SF 0.1 ac lot Built 2008
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a concrete industrial building offering approximately 1,750 square feet of warehouse space with two common-area bathrooms serving the facility. In the same building, there is approximately 3,680 square feet of office space. The property is located near Highway 62 and the airport, providing access to the surrounding area. The office and warehouse components are presented with an NNN lease structure.

Property profile

Verified
Property type Other 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

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

2021 Commerce Dr Medford, OR 97504-9478
Medford metro Census 1200 MEDFORD, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$690k
Comparable Approach Comparable
$535k
Blend (final) Blend
$240k

Owner & transaction history

since 2026
Last sale
$735,000
5 recorded transactions
2026
$735,000
2018
Price N/A
2008
$476,700
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I-L · Medford, OR
Zoning description

The I-L district provides land for warehouse, office, and low intensity industrial uses in areas near residential and commercial zones. It is intended for industrial uses which involve the lowest level of noise, vibratio…

General category INDUSTRIAL
Top alternative use upside
Medical building $1.1M +48.3%
Neighborhood: shopping center $900,000 +21.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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