Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space on Progress Drive Title is generated by Realmo AI

    1112 Progress Dr, Medford, OR 97504

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    West end cap space in Medford strip center for rent.

    Type:Retail, Office
    Added:
    Apr 3, 2023
    Days on Market:
    1160
    Last Refresh:
    May 13 at 8:19 pm

    Property Features for 1112 Progress Dr

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Building Details

    Year Built
    2006

    Spaces For Lease

    at 1112 Progress Dr Contact us

    $1.50/Mo

    Size
    959 SF
    Type
    Retail, Office
    Contact us

    We can help!

    Listing Contact
    Jared Pulver

    Listing agent Jared Pulver License #OR 200508084

    Listing office Pulver & Leever Real Estate Company

    Listing date Apr 3, 2023

    Source Crexi

    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 Pulver & Leever Real Estate Company

    HighLights

    • High visibility with west end cap location.
    • Located in a nice strip center.
    • Adjacent to People's Bank, providing established customer traffic.
    • Great opportunity for signage.
    • Property was built in 2006.
    • Tenant is month to month.

    Overview

    This commercial real estate opportunity features a west end cap space located in a strip center on Progress Drive, adjacent to People's Bank. The property offers signage opportunities. The current tenant operates on a month-to-month lease. This space is suitable for retail or office use.
    Property Profile Location Intelligence

    Current Use by Public Records

    CROWN MARKET 900 Grocery & Convenience Store Hair Design by ... Hair Salon Bonato MD Aesthetics Spa & Massage Center SalonCentric (Bike/Boat/Book/etc) Store Tanning / Nails Nail Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.8727923
    Latitude
    42.3448833

    Nearby Similar for Lease

    • $1,500/Mo
      950 SF

      Medford Office Suite For Lease

      Professionally designed office suite in central Medford location.
      714 Cardley Avenue, Medford, OR 97504
      View Details
    • $2.00 SF/Yr
      3,180 SF

      Medical/Professional Office Space Available

      Versatile ADA-compliant building near Asante, ideal for medical or professional use.
      3144 State Street, Medford, OR 97504
      View Details
    • $2.00 SF/Yr
      10,218 SF

      Class A Office Space

      Modern office space in desirable Navigator's Landing, Medford, Oregon.
      3521 Avion Drive, Medford, OR 97504
      View Details
    • $12,500/Mo
      9,170 SF

      Class A Restaurant Space Available

      9170 SQFT restaurant space in South Medford Center.
      1445 Center Drive, Medford, OR 97501
      View Details
    • $2.00 SF/Yr
      10,256 SF

      High-Visibility Medford Commercial Building

      Strategically located commercial building with premier frontage and flexible layout.
      680 Biddle Road, Medford, OR 97504
      View Details
    • $1.00 SF/Yr
      4,000 SF

      Downtown Medford Office Space Available

      4000 sq ft office space in downtown Medford.
      145 N Bartlett Street, Medford, OR 97501
      View Details
    • $1.00 SF/Yr
      8,338 SF

      Downtown Medford Office Building

      Large dividable office space near downtown revitalization plan.
      145 N Bartlett Street, Medford, OR 97501
      View Details
    • $2.00 SF/Yr
      8,612 SF

      Medford Medical Offices For Rent

      Ground-level medical offices in Lausmann Business Center, Medford.
      221 W Stewart Avenue, Medford, OR 97501
      View Details
    • $1.00 SF/Yr
      2,000 SF

      Downtown Medford Office Space Available

      2000 sq ft office space near downtown revitalization plan.
      145 N Bartlett Street, Medford, OR 97501
      View Details
    • $1.00 SF/Yr
      2,000 SF

      Downtown Medford Office Space

      2000 sq ft office space near downtown revitalization plan.
      145 N Bartlett Street, Medford, OR 97501
      View Details
    • $2.00 SF/Yr
      5,016 SF

      Medford Office Space For Rent

      Versatile third-floor offices in Lausmann Business Center, Medford, Oregon.
      221 W Stewart Avenue, Medford, OR 97501
      View Details
    • $2.00 SF/Yr
      1,450 SF

      Medford Commercial Space For Rent

      Versatile 1,450 SqFt commercial space in high-traffic area.
      1310 Center Drive, Medford, OR 97501
      View Details

    FAQs

    What type of property is this?
    Strip mall - West end cap space in Medford strip center for rent.
    Where is this strip mall located?
    The property is located at 1112 Progress Dr Medford, OR.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: High visibility with west end cap location.; Located in a nice strip center.; Adjacent to People's Bank, providing established customer traffic.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jared Pulver
    Real Estate License ID: OR 200508084
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1112 Progress Dr, Medford, OR 97504
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!