800 Cardley Ave, Medford, OR 97504
Office building fully leased to the State of Oregon.
- Added:
- Feb 16, 2022
- Days on Market:
- 1601
- Last Refresh:
- Jul 4 at 7:30 am
Property Features for 800 Cardley Ave
General Information
- Standard status
- Active
- Size
- 13,257 SF
- Property subtype
- Office
Building Details
- Year Built
- 1973
Listing office Pulver & Leever Real Estate Company (541) 773-5391
Listing date Feb 16, 2022
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
- Fully leased to State of Oregon, providing stable income.
- Net income of $191,763/year (2021).
- Located near the financial center of town.
- Opportunity to purchase adjoining parking lot, also leased to State of Oregon.
- Reliable tenant: State of Oregon.
- Established building (Year Built: 1973).
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $254.5k | $19.20 |
| − Vacancy | −$38.2k | −$2.88 |
| EGI | $216.4k | $16.32 |
| − OpEx | −$54.1k | −$4.08 |
| NOI | $162.3k | $12.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.8677566
- Latitude
- 42.3378416
