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    FOR LEASE
    Strip malls

    1112 Progress Dr, Medford, OR 97504

    10,328 SF 1.19 ac lot Built 2006
    Entity Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US71-0616670
    1112 Progress Dr, Medford, OR 97504 For Lease
    $18 SF/Yr
    1112 Progress Dr, Medford, OR 97504
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    Property summary
    AI-generated overview

    This 959-square-foot traditional office space is located in a desirable strip center on Progress Drive in Jackson County. The property, built in 2006, is a single-tenant space currently vacant and available for immediate occupancy. The building enjoys a prominent west end-cap location, offering excellent signage opportunities for increased visibility and brand awareness. The property sits on 1.18 acres of land and is zoned C-R (Commercial - Regional), allowing for a variety of commercial uses. The current tenancy is month-to-month, providing flexibility for potential buyers or lessees. The property's location adjacent to People's Bank provides added convenience and potential for synergistic business relationships. The Assessor's Parcel Number (APN) is 10925147. This presents a unique opportunity for businesses seeking high-visibility retail or office space in a well-established commercial area. The property's size and location make it ideal for a variety of businesses seeking a convenient and accessible location. The flexible month-to-month tenancy allows for immediate occupancy and adaptable lease terms. This is an excellent opportunity to establish a strong presence in a thriving commercial district.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2006
    Total area 10,328 SF
    Lot 1.19 ac (51,836 SF)
    Zoning code C-R
    APN 1-0925147
    UPID US71-0616670
    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
    • CROWN MARKET 900 Grocery & Convenience Store
    • Hair Design by Jen Hair Salon
    • Bonato MD Aesthetics Spa & Massage Center Alternative Medicine Practice
    • SalonCentric (Bike/Boat/Book/etc) Store Cosmetic Store
    • Tanning / Nails Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.60M
    Owner & transaction history
    Progress Retail Center LLC · 21 yrs held
    Progress Retail Center LLC
    since 2004
    2 recorded transactions
    2025
    2004
    Zoning & alternative use
    C-R · Medford, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $2.6M +21.6%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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