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

    1139 Morrow Rd Medford, OR 97504-5203

    • Residential income homes
    • 5,200 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0833523
    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

    • ROBERT JOHNSTON / Musician

    Property Details for 1139 Morrow Rd

    Year built
    1973
    Lot size
    0.50 lot acres
    Property size
    5,200 SF
    Zone code
    MFR-20
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    1-0320650
    APU
    10320650

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.873
    Latitude
    42.3472
    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
    $8,068
    $235,950
    $305,000
    $540,950
    -
    $436,550
    $589,470
    $1,026,020

    Comparable in this City

    • Value Estimation
      $695,000
      24,470 SF

      1377 Morrow Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 24,470 SF
      1377 Morrow Rd, Medford, OR 97504-5228
      View Details
    • Value Estimation
      $740,000
      33,504 SF

      1290 Morrow Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 33,504 SF
      1290 Morrow Rd, Medford, OR 97504-4630
      View Details
    • Value Estimation by Request
      15,480 SF

      836 Taylor St

      APARTMENT HOUSE (UNDER 5 UNITS) • 15,480 SF
      836 Taylor St, Medford, OR 97504-7909
      View Details
    • Value Estimation by Request
      7,596 SF

      2037 Campus Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 7,596 SF
      2037 Campus Dr, Medford, OR 97504-5458
      View Details
    • Value Estimation by Request
      8,424 SF

      123 Cottage St

      APARTMENT HOUSE (UNDER 5 UNITS) • 8,424 SF
      123 Cottage St, Medford, OR 97504-7383
      View Details
    • Value Estimation by Request
      7,208 SF

      125 Cottage St

      APARTMENT HOUSE (UNDER 5 UNITS) • 7,208 SF
      125 Cottage St, Medford, OR 97504-7304
      View Details

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      Updated Condominium Complex in Medford

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      $324,900
      0.21 Acres

      Medford Triplex with Development Potential

      Vintage triplex with C-S/P zoning, development potential, prime location.
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    • New
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      Medford Quadplex Investment Opportunity

      Well-maintained Medford quadplex, generating income with upside potential.
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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.
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      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
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      21,780 SF

      Medford Office Suite For Rent

      ADA-compliant office suite with reception, conference room, and parking.
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    • $65,460
      2,182 SF

      Prime Medical Office Space for Lease

      Move-in ready dental office near Providence.
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      Poplar Square Retail Opportunity

      High-traffic retail space available.
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    • 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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    1139 Morrow Rd
    Medford, OR 97504-5203
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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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