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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Grocery and convenience stores
117 Central Ave, Medford, OR 97501-5925
Individually Owned
39-yr Hold
Free & Clear
Property ID
US71-0613666
Property summary
AI-generated overview
This 39,435-square-foot creative office building in Medford, Oregon, presents a compelling redevelopment opportunity within a federal Opportunity Zone. The three-story, Class B building, constructed in 1928 and renovated in 2002, sits on a 0.28-acre lot (APN 1-037016-7) and features poured-in-place concrete construction with stucco and a wood beam roof. Currently vacant, the property offers significant potential for adaptive reuse. The building boasts a full basement and mezzanine, adding to its versatile floor plan. Previously configured as an instructional facility, it's zoned for community commercial use and has undergone a full seismic upgrade. With a listed asking price of $3,490,000 ($88.50/SF), a pro-forma NOI of $360,000, and a pro-forma cap rate of 10.32%, this property offers strong investment potential. The building's location at 117 S Central Ave, Medford, OR 97501, provides excellent access to local amenities and transportation. This is a NNN lease type property.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Total area
5,000 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C-C
APN
1-0368912
UPID
US71-0613666
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
-
RCC Riverside Campus - G Building Community College
-
TRiO Rogue Opportunity Center Charitable Organization Social Service Agency
-
Tree Service Experts Medford Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
Assoc & Retarded Citizens Of · 39 yrs held
Assoc & Retarded Citizens Of
since 1987
Last sale
$1.0M
2 recorded transactions
Zoning & alternative use
C-C · Medford, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+30.0%
Medical building
$1.3M
+21.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Medford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,040,000
Current use
RESTAURANT
$1,350,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$1,265,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$900,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Oct 17 2025)
Last sale anchor
$1.00M
Oct 17 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$200 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Land market value
$109,940
Improvement market value
$347,520
Total market value
$457,460
Applied tax rate
4,950.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Heating
NONE
Units
1
Total area
5,000 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C-C
APN
1-0368912
UPID
US71-0613666
Jurisdiction
JACKSON
Zoning & alternative use
C-C · Medford, OR
Zoning C-C · permitted uses
C-C · Medford, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Medford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$900,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Assoc & Retarded Citizens Of
Individual
Free & Clear · 39 yrs held
Mailing address
PO BOX 4455, MEDFORD, OR 97501-0174
Ownership since
1987
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 1987
—
Assoc & Retarded Citizens Of
Assoc & Retarded Citizens Of
Grant Deed
related
—
Oct 29, 1984
$135,000
Assoc & Retarded Citizens Of
Crater Investments INC
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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