Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Commerce Dr Medford, OR 97504

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Commerce Dr Medford, OR 97504

    View on Map
    • Land
    • 1.32 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Commerce Dr

    Lot size
    1.32 lot acres
    Property type
    Land

    Description

    This exceptional 1.32-acre commercial lot, located on Commerce Drive in Medford, Oregon (APN 106686361), presents a unique investment opportunity. Zoned I-L by the City of Medford, this property offers a wide range of potential commercial uses. Its prime corner location provides excellent visibility and accessibility, making it an attractive site for a variety of businesses. The asking price is $575,000. The seller is open to exploring a build-to-suit arrangement or a land lease for a qualified tenant, subject to approval of the proposed use and tenant. This flexible approach allows for a customized development tailored to the specific needs of a prospective buyer or lessee. The property's 97504 zip code places it within a thriving commercial area of Medford, offering easy access to major transportation routes and a strong customer base. Serious inquiries are encouraged to explore the possibilities of this versatile and strategically located commercial land parcel. The property is situated in Jackson County, Oregon, and its precise coordinates are 42.3708607 latitude and -122.8607843 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.861
    Latitude
    42.3709

    Comparable in this City

    • Value Estimation by Request
      37.34 Acres

      Hillcrest Rd

      Land • 37.34 Acres
      0 Hillcrest Rd, Medford, OR 97504
      View Details
    • Value Estimation by Request
      2.23 Acres

      2131 Owen Dr

      Land • 2.23 Acres
      2131 Owen Dr, Medford, OR 97504
      View Details
    • Value Estimation by Request
      2.45 Acres

      2577 Bullock Rd

      Land • 2.45 Acres
      2577 Bullock Rd, Medford, OR 97504
      View Details
    • Value Estimation by Request
      2.36 Acres

      3720 Crater Lake Ave

      Land • 2.36 Acres
      3720 Crater Lake Ave, Medford, OR 97504
      View Details
    • Value Estimation by Request
      2.43 Acres

      1020 Ellendale Dr

      Land • 2.43 Acres
      1020 Ellendale Dr, Medford, OR 97504
      View Details
    • Value Estimation by Request
      6.50 Acres

      Or-62

      Land • 6.50 Acres
      0 Or-62, Medford, OR 97504
      View Details

    Similar Nearby for Sale

    • $1,958,240
      2.43 Acres

      Medford Commercial Land Opportunity

      2.43-acre development land, prime location.
      1020 Ellendale Dr, Medford, OR 97504
      View Details
    • Contact for pricing

      Medford Vacant Land with Views

      35+ acre parcel with development approvals and city utilities.
      4195 Rachel Way, Medford, OR 97504
      View Details
    • $579,000

      Land For Sale

      Land available for sale in Jackson County, Oregon.
      2549 E Barnett Rd, Medford, OR 97504
      View Details
    • Contact for pricing

      Commercial Lot on Crater Lake

      High exposure 0.46 acre commercial lot for sale.
      2200 Tower E, Medford, OR 97504
      View Details
    • $255,000
      0.27 Acres

      Residential Land in Gated Community

      Homesite in gated community near Rogue Valley Country Club.
      251 Reserve Cir, Medford, OR 97504
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in Medford, Oregon.
      1841 E Barnett Rd, Medford, OR 97504
      View Details
    • Contact for pricing

      Land in Master Planned Park

      Land for lease or build to suit in Medford.
      3595 E Barnett Rd, Medford, OR 97504
      View Details
    • Contact for pricing

      New Professional Office Building

      Newly constructed professional office building on E. Barnett Road.
      3531 E Barnett Rd, Medford, OR 97504
      View Details
    • Contact for pricing
      2,380 SF

      Medford Retail and Restaurant Space

      Retail, restaurant, and office spaces available in Medford center.
      639 Medford Ctr, Medford, OR 97504
      View Details
    • Contact for pricing

      High Exposure Strip Center Space

      2,340 SF space in high-exposure strip center available immediately.
      1600 Delta Waters Rd, Medford, OR 97504
      View Details
    • Contact for pricing

      Retail Space on Progress Drive

      West end cap space in Medford strip center for rent.
      1112 Progress Dr, Medford, OR 97504
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Commerce Dr
    Medford, OR 97504
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Commerce Dr, Medford, OR, 97504
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!