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    1233 Court St Medford, OR 97501
    Property profile & analytics

    1233 Court St Medford, OR 97501

    View on Map
    • Strip malls
    • 30,350 SF
    • 1.86 lot acres
    For Lease
    $2,675,000
    View Listing →
    Retail Space in Medford Center For Lease
    $2,675,000
    1,322 SF

    Retail Space in Medford Center

    Retail space with recent renovations and high visibility.

    1233 Ct St, Medford, OR
    View Listing
    Property ID
    US71-0940268
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Vintage Rehab / (Bike/Boat/Book/etc) Store
    • Collectors Market / Home Decor Store / (Bike/Boat/Book/etc) Store

    Property Details for 1233 Court St

    Lot size
    1.86 lot acres
    Property size
    30,350 SF
    Zone code
    C-C
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1-0385525
    APU
    10385525

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,620,000
      Market price range: $2.62M - $13.4M

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.881
    Latitude
    42.3424
    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
    $13,213
    $139,140
    $746,830
    $885,970
    -
    $1,751,000
    $1,514,490
    $3,265,490

    Comparable in this City

    • Value Estimation by Request
      1,308 SF

      815 Central Ave

      SHOPPING CENTER, STRIP CENTER • 1,308 SF
      815 Central Ave, Medford, OR 97501-5873
      View Details
    • Value Estimation
      $2,465,000
      22,592 SF

      707 Stewart Ave

      SHOPPING CENTER, STRIP CENTER • 22,592 SF
      707 Stewart Ave, Medford, OR 97501-4001
      View Details
    • Value Estimation
      $960,000
      5,000 SF

      2386 Main St

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      2386 Main St, Medford, OR 97501-2392
      View Details
    • Value Estimation
      $3,140,000
      24,515 SF

      259 Barnett Rd

      SHOPPING CENTER, STRIP CENTER • 24,515 SF
      259 Barnett Rd, Medford, OR 97501-7953
      View Details
    • Value Estimation
      $820,000
      7,629 SF

      1024 Ct St

      SHOPPING CENTER, STRIP CENTER • 7,629 SF
      1024 Ct St, Medford, OR 97501-5700
      View Details
    • Value Estimation by Request
      1,438 SF

      815 Central Ave

      SHOPPING CENTER, STRIP CENTER • 1,438 SF
      815 Central Ave, Medford, OR 97501-5873
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      644,570 SF

      Regional Mall in Medford, Oregon

      Two-level regional mall with high visibility and accessibility.
      1500-1900 N Riverside Ave, Medford, OR 97501
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    • $399,000
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      COMMERCIAL - Medford, OR

      Standalone commercial building near downtown Medford, turnkey with equipment.
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    • $399,000
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      Medford Commercial Building For Sale

      Standalone commercial building near downtown Medford, turnkey with equipment.
      147 N Holly St, Medford, OR 97501
      View Details
    • Contact for pricing
      10,000 SF

      Downtown Medford Retail Opportunity

      5,000 SF retail space in Medford's Central Business District.
      117 N Central Ave, Medford, OR 97501
      View Details
    • $439,000
      1,152 SF

      Riverside Avenue Automotive Garage

      Secured lot with automotive garage near downtown Medford.
      712 N Riverside Ave, Medford, OR 97501
      View Details
    • $800,000
      0.12 Acres

      Medford Commercial Opportunity For Sale

      High-visibility commercial property in Medford, ready for build-out.
      1258 S Riverside Ave, Medford, OR 97501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,290 SF

      Retail Space in Medford Center

      Retail space with recent renovations and high visibility.
      1233 Court St, Medford, OR 97501
      View Details
    • Contact for pricing
      2,985 SF

      Retail Space Near Rogue Valley

      Premier retail destination near Rogue Valley Mall.
      55 Rossanley Dr, Medford, OR 97501
      View Details
    • Contact for pricing
      3,503 SF

      Retail Space Near Rogue Valley

      Premier retail destination near Rogue Valley Mall.
      165 Rossanley Dr, Medford, OR 97501
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      1229 Court St, Medford, OR 97501
      View Details
    • $2.00 SF/Yr
      1,450 SF

      Medford Commercial Space For Rent

      Versatile 1,450 SqFt commercial space in high-traffic area.
      1310 Center Dr, Medford, OR 97501
      View Details
    • Contact for pricing
      6,500 SF

      Retail Space Near Bi-Mart

      Retail space available in future development near Bi-Mart.
      2699 W Main St, Medford, OR 97501
      View Details
    View Listing
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    Medford, OR 97501
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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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