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    202 Riverside Ave Medford, OR 97501

    Sponsored
    For Sale
    $1,990,000

    Prime location, value-add opportunity.

    Property size:
    16,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story office building, located at 202 S Riverside Ave in Medford, Oregon (97501), presents a compelling value-add investment opportunity within a federal Opportunity Zone. The 16,550 square foot building, constructed in 1929 and renovated in 2000, boasts a concrete slab foundation, concrete walls, stucco exterior, and a Duro-Last rubber membrane roof supported by a wood beam structure. The property sits on a 0.28-acre lot and is zoned for community commercial use. Currently vacant, this Class B building offers significant potential for redevelopment. The existing layout is adaptable for various office and retail configurations, and the property has already undergone full ADA and seismic upgrades. With a list price of $1,990,000, a pro-forma NOI of $159,200, and a pro-forma cap rate of 8.00%, this property represents a strong return on investment. The building features one unit across two stories and is offered as a NNN lease. The APN is 10371211. This is a rare chance to acquire a substantial property in a thriving downtown Medford location.

    Property Features for 202 Riverside Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    16,550 SF
    Class
    B
    Lot Size
    12,197 SF

    Building Details

    Year Built/Renovated
    1929/2000
    Buildings
    1
    Stories
    2
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.86942953538
    Latitude
    42.325250053814

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, value-add opportunity.
    Where is this office property / space located?
    The property is located at 202 Riverside Ave Medford, OR.
    What is the asking price?
    The asking price for this property is $1,990,000.
    (541) 890-6708
    Request Owner's contact information
    202 Riverside Ave Medford, OR 97501
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    202 Riverside Ave
    Medford, OR 97501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    202 Riverside Ave Medford, OR 97501
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