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    Property profile & analytics

    1360 Plz Blvd Central Point, OR 97502-2669

    • Grocery and convenience stores
    • 60,239 SF
    • 7.36 lot acres
    OFF-MARKET
    Last Sale
    Oct 28, 2022
    Value Estimations
    $760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0888075
    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

    • Grocery and convenience stores

    Property Details for 1360 Plz Blvd

    Year built
    1999
    Lot size
    7.36 lot acres
    Property size
    60,239 SF
    Zone code
    C-4
    Property type
    Grocery and convenience stores
    APN
    1-0203507
    APU
    10203507

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $760,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Central Point
    County
    Jackson
    State
    Oregon
    Longitude
    -122.905
    Latitude
    42.3765
    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
    $91,339
    $1,418,810
    $3,931,950
    $5,350,760
    -
    $2,125,180
    $4,021,940
    $6,147,120

    Comparable in this City

    • Value Estimation
      $265,000
      1,760 SF

      2248 Beall Ln

      CONVENIENCE STORE • 1,760 SF
      2248 Beall Ln, Central Point, OR 97502-1557
      View Details
    • Value Estimation
      $530,000
      31,030 SF

      126 Pne St

      GROCERY, SUPERMARKET • 31,030 SF
      126 Pne St, Central Point, OR 97502-2250
      View Details
    • Value Estimation
      $255,000
      3,018 SF

      6079 Table Rock Rd

      CONVENIENCE STORE • 3,018 SF
      6079 Table Rock Rd, Central Point, OR 97502-3203
      View Details
    • Value Estimation
      $275,000
      2,400 SF

      345 Frnt St

      CONVENIENCE STORE • 2,400 SF
      345 Frnt St, Central Point, OR 97502-2245
      View Details
    • Value Estimation
      $585,000
      20,700 SF

      507 Frnt St

      GROCERY, SUPERMARKET • 20,700 SF
      507 Frnt St, Central Point, OR 97502-2778
      View Details
    • Value Estimation
      $270,000
      8,100 SF

      1775 10th St

      GROCERY, SUPERMARKET • 8,100 SF
      1775 10th St, Central Point, OR 97502-2179
      View Details

    Similar Nearby for Sale

    • $740,000
      0.18 Acres

      Central Point Corner Commercial Building

      Highly visible corner commercial building in downtown Central Point, Oregon.
      217 E Pine St, Central Point, OR 97502
      View Details
    • $10,500,000
      26,500 SF

      Crater Lake Hwy Retail Center

      Prime Retail Space, Central Point, OR
      6301 Crater Lake Hwy, Central Point, OR 97502
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    • $5,000,000
      26,500 SF

      Central Point Retail Center

      Prime Retail Space, 26,500 SF
      6301 Crater Lk Ave, Central Point, OR 97502
      View Details
    • $835,000
      1.10 Acres

      Central Point Commercial Land

      1.1-Acre Development Site, C-4 Zoning
      4105 Table Rock Rd, Central Point, OR 97502
      View Details
    • $335,000
      2,140 SF

      Mixed-Use Office and Apartment

      Office space with apartment for live/work or rental income.
      61 S 2Nd St, Central Point, OR 97502
      View Details
    • $1,575,360

      Industrial Land Near Rogue Airport

      Light industrial land near Rogue Valley International Airport.
      34 E Vilas Rd, Medford, OR 97502
      View Details

    Similar Nearby for Lease

    • $0.90 SF/Yr
      13,504 SF

      Central Point Retail/Office Space

      Versatile 4,000 sq ft retail/office space in Central Point, OR.
      1775 N 10Th St, Central Point, OR 97502
      View Details
    • $1.75 SF/Yr
      16,988 SF

      Updated Building in Central Point

      Updated building with tenant improvement allowance for office or retail.
      65 N 2Nd St, Central Point, OR 97502
      View Details
    • $10 SF/Yr
      24,000 SF

      Modern Medford Industrial Space

      New 24,000 SF Warehouse/Flex Space
      171 Bateman Dr, Medford, OR 97502
      View Details
    • $16 SF/Yr
      13,910 SF

      Central Point Office Space Available

      Modern 2,800 sq ft office, ideal location.
      4801 Biddle Rd, Central Point, OR 97502
      View Details
    • $0.90 SF/Yr
      130,244 SF

      New Construction Industrial/Warehouse Space

      New industrial/warehouse space for lease in Medford, OR. Completion: 2025.
      171 Bateman Dr, Medford, OR 97502
      View Details
    • $1.25 SF/Yr
      23,087 SF

      Central Point Office Space Available

      Office space for rent in Central Point, Oregon.
      312 Oak St, Central Point, OR 97502
      View Details

    Property Visit Statistics

    • Visits by month
      94.6k
    • Visitors by month
      39.0k
    • Avg Time on site
      20 min
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    1360 Plz Blvd
    Central Point, OR 97502-2669
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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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