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    1112 Progress Dr Medford, OR 97504

    For Lease
    $18 SF/Yr

    West end cap, 959 sq ft office space

    Lot size:
    959 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This 959-square-foot traditional office space is located in a desirable strip center on Progress Drive in Jackson County. The property, built in 2006, is a single-tenant space currently vacant and available for immediate occupancy. The building enjoys a prominent west end-cap location, offering excellent signage opportunities for increased visibility and brand awareness. The property sits on 1.18 acres of land and is zoned C-R (Commercial - Regional), allowing for a variety of commercial uses. The current tenancy is month-to-month, providing flexibility for potential buyers or lessees. The property's location adjacent to People's Bank provides added convenience and potential for synergistic business relationships. The Assessor's Parcel Number (APN) is 10925147. This presents a unique opportunity for businesses seeking high-visibility retail or office space in a well-established commercial area. The property's size and location make it ideal for a variety of businesses seeking a convenient and accessible location. The flexible month-to-month tenancy allows for immediate occupancy and adaptable lease terms. This is an excellent opportunity to establish a strong presence in a thriving commercial district.

    Property Features for 1112 Progress Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    959 SF

    Building Details

    Year Built
    2006

    Unit(s) available at that property

    Space
    Size
    959 SF
    Rate per SF
    $18

    HighLights

    • 959 square feet of vacant retail/office space.
    • Single‑tenant occupancy.
    • Located in a strip center on Progress Drive, Jackson County.
    • Adjacent to People's Bank with excellent signage opportunities.
    • Built in 2006.
    • 1.18 acres of land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CROWN MARKET 900 Convenience Store Hair Design by ... Hairdresser Bonato MD Aesthetics Medical Spa SalonCentric Beauty Supply Store Tanning / Nails Nail Salon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -122.87277953225
    Latitude
    42.345106626884

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    FAQs

    What type of property is this?
    Office Property / Space - West end cap, 959 sq ft office space
    Where is this office property / space 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: 959 square feet of vacant retail/office space.; Single-tenant occupancy.; Located in a strip center on Progress Drive, Jackson County.
    Request Owner's contact information
    1112 Progress Dr Medford, OR 97504
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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
    1112 Progress Dr Medford, OR 97504
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