1311 Barnett Rd Medford, OR 97504-8225
- Office Properties & Spaces
- 33,024 SF
- 1.22 lot acres
Current Use by Public Records
- People's Bank of Commerce / Bank / Atm
- Peterson Mark D MD / Orthopedic Surgeon
- People's Bank Home Lending / Mortgage Lender
- Brian Wilhite - People's Bank Mortgage / Mortgage Lender
- Therapeutic Associates South Medford Physical Therapy / Physical Therapy Clinic
Property Details for 1311 Barnett Rd
- Year built
- 1966
- Lot size
- 1.22 lot acres
- Property size
- 33,024 SF
- Zone code
- C-S/P
- Property type
- Office Properties & Spaces
- APN
- 1-0357591
- APU
- 10357591
Description
This exceptional 20,220 square foot medical office building, located at 1311 E Barnett Rd, Medford, OR 97504, presents a unique investment opportunity. Currently, 9,769 square feet are available for lease. Situated on 1.22 acres of land and zoned C-S/P, this single-tenant building offers unparalleled visibility and accessibility. The building boasts a prestigious address with convenient access to I-5 and major arterial roads. The available space comprises approximately 3,661 square feet (BOMA RA) of well-appointed clinic and office space, featuring exam/treatment rooms and hard-wired secure communication systems. Located on the second floor, this former Asante clinic space offers elevator access and a pleasant environment. Amenities include ample on-site parking and electronic signage availability. The first floor is occupied by People's Bank under a long-term lease, ensuring a stable and established presence within the building. This property is ideally suited for a variety of medical practices seeking a high-profile location with excellent visibility and convenient access for patients and staff. The cross street is Highland Road. This is a truly outstanding opportunity to establish or expand your medical practice in a thriving Medford community.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,695,000
- 6.5%
- $5,260,000
- 7%
- $4,885,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,777,000
- AI Estimate
- $4,169,000
Market price range: $4.08M - $7.54MMarket price range: $1.75M - $6.23M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $5,625,000 Current use
- MEDICAL BUILDING
- $8,340,000 Change: +48% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $6,855,000 Change: +22% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $5,340,000 Change: -5% Conversion: Difficult
- RETAIL STORES
- $5,250,000 Change: -7% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.849
- Latitude
- 42.3164
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA