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Property profile & analytics

499 Chestnut St Ashland, OR 97520-1546

  • Medical offices
  • 1,688 SF
  • 0.32 lot acres
OFF-MARKET
Last Sale
Jan 03, 2025
$358,000
Value Estimations
$370,000
Show details
Cap Rate Potential
6.8%
Medical offices
Location Intelligence
Property ID
US71-0743548
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Hersch Steven MD / Internist
  • Meducation PC / Doctor / Medical Office
  • Mark S. Adams, DC / Chiropractor
  • Adams Chiropractic / Chiropractor

Property Details for 499 Chestnut St

Lot size
0.32 lot acres
Property size
1,688 SF
Zone code
R-2
Property type
Medical offices
Property subtype
Medical centers
APN
1-0057100
APU
10057100

Description

This 1,688 square foot office building in Ashland, Oregon, presents a compelling investment opportunity. Located at 499 Chestnut Street, this single-story structure sits on a 0.32-acre lot and boasts four parking spaces, including disability access. Extensively renovated in 2000, the property features a common reception area, multiple private offices, consultation spaces, an administrative office, ADA-compliant bathroom, kitchen area, break room, and additional potential workstations. A sizable basement provides ample storage. The building includes a new AC unit and is situated on a well-landscaped lot with potential for expansion. The property is ideally located near Ashland Community Hospital. Two tenant spaces are currently leased on a month-to-month basis. This versatile space is suitable for a variety of uses, including medical, dental, or general professional offices, and could potentially be converted for residential use. The asking price is $395,000, with a price per square foot of $234. Much of the existing furniture and equipment is available for purchase.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $360,000
    ML approach
    $350,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $410,000
    6.5%
    $375,000
    7%
    $350,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $489,000
    Market price range: $158k - $490k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Ashland
County
Jackson
State
Oregon
Longitude
-122.726
Latitude
42.2055
CBSA code
32780
CBSA name
MEDFORD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,493
$157,780
$256,820
$414,600
-
$219,950
$282,780
$502,730
More about this property
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