Medford Office Building For
For Sale
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914 W Main St, Medford, OR 97501
Well-maintained office building with long-term tenant in Medford, Oregon.
Property Size4,390 SF
Price / SF$222.10
Days on Market181
Property Features for 914 W Main St
General Information
Standard status
Active
Size
4,390 SF
Class
A
Property subtype
Office
Zoning
C-C
Occupancy
100%
Lease Type
Net
Investment Type
Stabilized
Net Operating Income
$71,000
Building Details
Year Built
1969
Year Renovated
2016
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
RE/MAX Platinum Commercial
(541) 301-7125
Listed By:
David Wright · License #OR 200004070
Source:
Crexi
Added: Feb 22
Changed: Aug 21
Last Checked: Aug 21 at 7:10PM
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 RE/MAX Platinum Commercial
Investment Insights
Based on property information with market context.
This well-maintained office building presents an investment opportunity with a long-term tenant who has occupied the space for over 20 years. Located on a prominent large corner lot in Medford, Oregon, the property features 4,390 square feet of single-level, ADA-compliant space. The layout includes multiple private offices, spacious conference and meeting rooms, a break room, and multiple ADA-accessible restrooms. A secure, gated parking area with ample space and full security lighting is also included. The property is offered as an investment opportunity.
Key Highlights
- Strong, long‑term tenant with over 20 years of occupancy
- Attractive 7.25% capitalization rate
- Well‑maintained 4,390 sq ft single‑level office building
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
$53,734
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
5.51%
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%
$1,074,680
$1.1M
Cap Rate 7%
$767,629
$767.6K
Cap Rate 9%
$597,044
$597.0K
Market Conditions
NOI Build-Up for 4,390 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
$84.3K $19.20/SF
− Vacancy
−$12.6K −$2.88/SF
EGI
$71.6K $16.32/SF
− OpEx
−$17.9K −$4.08/SF
NOI
$53.7K $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 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%
$1,074,680
Cap Rate 7%
$767,629
Cap Rate 9%
$597,044
Alternative Uses
Best Use
Office B
$767.6K
$671.7K – $895.6K
NOI $53,734 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$927.2K – $1.24M
NOI $74,173 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,740
Businesses Nearby
Explore this area
Business Placement
Demographics for 97501, OR
47,519
Population
19,370
Households
2.5
Avg Household Size
37
Median Age
20%
College-Educated
90%
High-School Grad
45.3 sq mi
ZIP Area
1,049
Density / Sq Mi
$61,971
Median Household Income
$36,471
Median Earnings
$1,238
Median Rent
$325,200
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 - Well-maintained office building with long-term tenant in Medford, Oregon.
Where is this office building located?
The property is located at 914 W Main St Medford, OR.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Strong, long‑term tenant with over 20 years of occupancy; Attractive 7.25% capitalization rate; Well‑maintained 4,390 sq ft single‑level office building
