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    717 Murphy Rd Medford, OR 97504

    Sponsored
    For Sale
    $2,900,000

    15,514 SF Office, Vacant, $2.9M

    Property size:
    15,514 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 15,514-square-foot Class B office building presents a unique investment opportunity in Medford, Oregon. Located at 717 Murphy Rd, this two-story building, constructed in 1999, boasts a desirable location near Asante Rogue Regional Medical Center. The property features a convenient elevator and ample parking on a 0.57-acre lot. Currently vacant, this versatile space offers significant potential for various uses, including executive, medical, or traditional office configurations. The building's design, originally built as a law office, includes numerous large private offices and a spacious conference room strategically positioned around the perimeter. The property is zoned C-S/P and offers a single unit with 15,514 square feet of net rentable space, priced at $186.93 per square foot. The asking price is $2,900,000. While the current property tax assessment shows $0 due to the previous tenant's non-profit status and tax exemption, potential buyers should conduct their own due diligence regarding property taxes. Occupancy is available immediately. The seller will consider leasing all or part of the building, subject to acceptable tenant, use, and lease terms. This is an excellent opportunity to acquire a high-quality office building in a thriving Oregon market. APN: 10021930.

    Property Features for 717 Murphy Rd

    General Information

    Property type
    Medical offices
    Square Feet
    15,514 SF
    Class
    B
    Lot Size
    24,829 SF

    Building Details

    Year Built
    1999
    Stories
    2
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Bloom Benjamin M Attorney Cowling Robert L Lawyer Ingalls P David Attorney Stamper Adam T Attorney Visser Jesse A Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.8282799
    Latitude
    42.3154612

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    FAQs

    What type of property is this?
    Medical office - 15,514 SF Office, Vacant, $2.9M
    Where is this medical office located?
    The property is located at 717 Murphy Rd Medford, OR.
    What is the asking price?
    The asking price for this property is $2,900,000.
    Request Owner's contact information
    717 Murphy Rd Medford, OR 97504
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    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
    717 Murphy Rd Medford, OR 97504
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