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    717 Murphy Rd Medford, OR 97504

    Sponsored
    For Lease
    $16 SF/Yr

    Prime Medford Office Space, Medical Use Possible

    Lot size:
    15,514 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15,514-square-foot office building in Medford, Oregon, presents a unique opportunity. Located at 717 Murphy Rd, 97504, this two-story building boasts a prime location near Asante Rogue Regional Medical Center, making it ideal for medical or executive office use. Originally constructed as a law office, the building features numerous large private offices and a spacious conference room strategically positioned around the perimeter. An elevator provides convenient access to both floors. The property is currently offered as a single-tenant lease, with a minimum five-year initial term required for a full building lease. However, the owner is open to considering leasing portions of the building to suitable tenants, subject to acceptable use and lease terms. It's important to note that the previous tenant was a non-profit with a property tax exemption

    Property Features for 717 Murphy Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,514 SF

    Unit(s) available at that property

    Space
    Size
    15,514 SF
    Rate per SF
    $16
    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 - Prime Medford Office Space, Medical Use Possible
    Where is this medical office located?
    The property is located at 717 Murphy Rd Medford, OR.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    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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