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

    1113 Progress Dr Medford, OR 97504-5201

    • Commercial real estate
    • 17,721 SF
    • 1.43 lot acres
    OFF-MARKET
    Value Estimations
    $2,600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0383670
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • La Clinica East Medford Dental Clinic / Dental Office
    • Anton Conklin, DMD / Dental Office
    • Marta Tolmach / Dental Office
    • Dr. Philip Getsinger / Dental Office
    • Amy B Fine / Dental Office

    Property Details for 1113 Progress Dr

    Lot size
    1.43 lot acres
    Property size
    17,721 SF
    Zone code
    C-R
    Property type
    Commercial real estate
    APN
    1-0320763
    APU
    10320763

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,017,000
      Market price range: $2.19M - $4.04M
      AI Estimate
      $2,177,000
      Market price range: $940k - $3.34M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,020,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,680,000
      Change: +22% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,865,000
      Change: -5% Conversion: Difficult
      RETAIL STORES
      $2,820,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.873
    Latitude
    42.3457
    CBSA code
    32780
    CBSA name
    MEDFORD, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $1,988,470
    $1,149,880
    $3,138,350

    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
      $1,205,000
      6,265 SF

      1777 Barnett Rd

      COMMERCIAL (GENERAL) • 6,265 SF
      1777 Barnett Rd, Medford, OR 97504-8286
      View Details
    • Value Estimation
      $570,000
      3,898 SF

      3661 Lear Way

      COMMERCIAL (GENERAL) • 3,898 SF
      3661 Lear Way, Medford, OR 97504-9745
      View Details
    • Value Estimation
      $2,400,000
      14,300 SF

      3735 Crater Lk Hwy

      COMMERCIAL (GENERAL) • 14,300 SF
      3735 Crater Lk Hwy, Medford, OR 97504-9473
      View Details
    • Value Estimation
      $755,000
      4,960 SF

      1160 Knutson Ave

      COMMERCIAL (GENERAL) • 4,960 SF
      1160 Knutson Ave, Medford, OR 97504-4143
      View Details
    • Value Estimation by Request
      6,504 SF

      601 Main St

      COMMERCIAL (GENERAL) • 6,504 SF
      601 Main St, Medford, OR 97504-7119
      View Details

    Similar Nearby for Sale

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      3,275 SF

      Downtown Medford Commercial Duo

      Two buildings, high traffic location
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    • $850,000
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      Medford Medical Office Building

      Prime Medical Office, 1758 sq ft, .25 acres
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      Medford Commercial Land - $2.7M

      High-exposure lots, Highway 62 frontage. Excellent commercial opportunity.
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    • $268,000
      2.36 Acres

      Medford Commercial Land - $268K

      Prime 2.36-acre commercial lot in Medford, OR.
      3720 Crater Lake Ave, Medford, OR 97504
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    • $2,995,000
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      Medford Commercial Land - 2.45 Acres

      Prime Airport Hotel Development Site
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    • $315,000
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      High-Exposure Medford Commercial Land

      Prime 0.46-acre commercial lot, PUD zoning.
      2200 Tower, Medford, OR 97504
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    Similar Nearby for Lease

    • Contact for pricing
      27,007 SF

      Medford Retail Space - For Lease

      Prime Medford location, 27,007 SF retail space.
      1841 Barnett Rd, Medford, OR 97504
      View Details
    • Contact for pricing
      1,015 SF

      Medford Retail and Restaurant Space

      Retail, restaurant, and office spaces available in Medford center.
      639 Medford Ctr, Medford, OR 97504
      View Details
    • $1.70 SF/Yr
      21,780 SF

      Medford Office Suite For Rent

      ADA-compliant office suite with reception, conference room, and parking.
      1301 Poplar Dr, Medford, OR 97504
      View Details
    • $65,460
      2,182 SF

      Prime Medical Office Space for Lease

      Move-in ready dental office near Providence.
      1605 Mcandrews Rd, Medford, OR 97504
      View Details
    • $15 SF/Yr
      162,647 SF

      Poplar Square Retail Opportunity

      High-traffic retail space available.
      2324 Poplar Dr, Medford, OR 97504
      View Details
    • Contact for pricing
      13,506 SF

      Retail Space Available in Medford

      Retail property with 13,506 square feet available for lease.
      930 Biddle Rd, Medford, OR 97504
      View Details
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    1113 Progress Dr
    Medford, OR 97504-5201
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    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
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