Property profile

2008 Commerce Dr Medford, OR 97504

OFF-MARKET
Warehouses
8,960 SF 0.75 ac lot Built 2024
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 8,960-square-foot warehouse, completed in late October 2024, presents a unique investment opportunity in Medford, Oregon. Situated on a 0.75-acre lot at 2008 Commerce Drive, this high-end, new construction boasts excellent curb appeal and landscaping. The property features a shared loading dock, is fully fenced with automatic gates, and offers convenient access to major transportation arteries, including the Rogue Valley Expressway, I-5, Hwy 140, and Hwy 62, as well as proximity to the Medford Airport. The building's strategic location offers high visibility, situated on Commerce Drive behind The Chef Store (formerly Cash and Carry). The warehouse currently comprises a single unit, but its design allows for division into up to four separate units, providing flexibility for various business needs. The 2-story building features a 20-foot ceiling height, one loading dock, and four dock-high doors. The property is zoned I-L Light Industrial, making it suitable for a wide range of uses. This owner-user opportunity is being offered at $2,350,000 and is contingent upon a 1031 exchange. The sale is scheduled to close on or after October 31, 2024. This is an ideal property for an owner-operator seeking a modern, efficient space or an investor looking for a strong income-generating asset in a prime Medford location.

Property profile

Verified
Property type Warehouses
Year built 2024
Total area 8,960 SF
Lot 0.75 ac (32,670 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2008 Commerce Dr Medford, OR 97504
Medford metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2008 Commerce Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message