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Property profile & analytics
FOR SALE
Office Spaces

1016 Court St Medford, OR 97501

1,088 SF 0.13 ac lot
Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US71-0197101
Property summary
AI-generated overview

This exceptional 1,088 square foot commercial building is situated on a 0.13-acre lot at 1016 Court Street in Medford, Oregon. Recently updated and remodeled, the property boasts a highly desirable location with excellent visibility and accessibility. The interior is currently configured as six to seven individual office spaces, along with a large restroom facility. Nine convenient parking spaces are available for tenants and clients. The building offers a formal front entrance and two additional rear entrances, providing flexibility for various business configurations or the potential for multiple tenants. The property is currently vacant, offering a clean slate for a new owner or business. The high-traffic area presents excellent opportunities for prominent signage, maximizing visibility and attracting customers. The previous lease was $1500 per month, indicating strong rental potential. Showings are readily available after 3 PM on weekdays and by appointment on weekends. This is a prime opportunity to acquire a well-maintained commercial property in a thriving Medford location. The building's versatile layout and ample parking make it an ideal investment for a variety of commercial uses. Don't miss this chance to own a piece of Medford's vibrant commercial landscape.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Total area 1,088 SF
Lot 0.13 ac (5,663 SF)
Zoning code C-G
APN 1-0388458
UPID US71-0197101
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Katherine Warner, Licensed Medical Clinic
  • Counseling Northwest Counselor
  • Relationship Counseling Family Counselor
  • David A. Raynolds, LPC Counselor
  • Barbara D. Knox, LCSW Physician
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
Martin Nickerson · 5 yrs held
Martin Nickerson
since 2021
Last sale
$188,816
7 recorded transactions
2021
$188,816
2021
Price N/A
2020
Price N/A
2011
Price N/A
2008
Price N/A
2001
$120,000
1997
$120,000
Zoning & alternative use
C-G · Medford, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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