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

    1290 Morrow Rd Medford, OR 97504-4630

    • Residential income homes
    • 33,504 SF
    • 1.53 lot acres
    OFF-MARKET
    Value Estimations
    $740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0565407
    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

    • Residential income homes

    Property Details for 1290 Morrow Rd

    Year built
    1989
    Lot size
    1.53 lot acres
    Property size
    33,504 SF
    Zone code
    MFR-20
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    1-0830620
    APU
    10830620

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $585,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $894,000
      Market price range: $677k - $1.33M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $935,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.87
    Latitude
    42.3464
    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
    $40,354
    $828,100
    $1,877,660
    $2,705,760
    -
    $1,354,000
    $3,266,390
    $4,620,390

    Comparable in this City

    • Value Estimation
      $630,000
      25,224 SF

      1800 Poplar Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 25,224 SF
      1800 Poplar Dr, Medford, OR 97504-4669
      View Details
    • Value Estimation by Request
      11,162 SF

      842 Taylor St

      APARTMENT HOUSE (UNDER 5 UNITS) • 11,162 SF
      842 Taylor St, Medford, OR 97504-7302
      View Details
    • Value Estimation by Request
      17,480 SF

      1110 Woodrow Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 17,480 SF
      1110 Woodrow Ln, Medford, OR 97504-2208
      View Details
    • Value Estimation
      $1,060,000
      55,928 SF

      2115 Roberts Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 55,928 SF
      2115 Roberts Rd, Medford, OR 97504-4832
      View Details
    • Value Estimation
      $705,000
      24,744 SF

      1211 Morrow Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 24,744 SF
      1211 Morrow Rd, Medford, OR 97504-5200
      View Details
    • Value Estimation by Request
      3,696 SF

      808 9th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,696 SF
      808 9th St, Medford, OR 97504-7360
      View Details

    Similar Nearby for Sale

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      12.72 Acres

      Medford Commercial Land Opportunity Zone

      12-acre commercial land parcel in Medford, OR, for apartment development.
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    • $2,590,000
      0.22 Acres

      Updated Condominium Complex in Medford

      14-unit condominium complex in desirable East 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.
      214 Stark St, Medford, OR 97504
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    • New
      $695,000
      0.09 Acres

      Medford Quadplex Investment Opportunity

      Well-maintained Medford quadplex, generating income with upside potential.
      3040 Sheraton Ct, Medford, OR 97504
      View Details
    • $650,000
      0.05 Acres

      East Medford Quadplex Investment

      Quadplex in East Medford with washer/dryer hookups in each unit.
      889 Valley View Dr, 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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    1290 Morrow Rd
    Medford, OR 97504-4630
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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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