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Property profile & analytics
FOR LEASE
Strip malls
1600 Delta Waters Rd 101 Medford, OR 97504
Entity Owned
27-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0671920
For Lease
$21 SF/Yr
1600 Delta Waters Rd,Unit 101, Medford, OR 97504
View Listing →
Property summary
AI-generated overview
This exceptional retail space, located at 1600 Delta Waters Road #101 in Jackson County, offers 2,340 square feet of immediately available space within a high-visibility strip center. Situated on a 1.44-acre lot, the property boasts convenient access and high traffic counts due to its proximity to major retailers such as Safeway and Olive Garden. The building, constructed in 1999, is zoned C-R and features a current build-out as office space, adaptable to various retail uses. The asking rent is $1.75 per square foot per month, based on the existing condition, with a Net 3 lease structure. The landlord reserves the right to approve tenants and intended use. The property's APN is 37-1W-7D, TL #200. While the existing build-out is suitable for immediate occupancy, the owner is open to negotiating additional construction or improvements to meet specific tenant needs. This prime location presents a unique opportunity for businesses seeking high visibility and convenient access in a thriving commercial area. Serious inquiries only.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Total area
11,700 SF
Lot
1.18 ac (51,401 SF)
Zoning code
C-R
APN
1-0312121
UPID
US71-0671920
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
-
T-Mobile Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Subway® (Delta Waters Rd) Take-out & Catering Catering Service
-
Mccullough Leslie L MD Pediatrician Physician
-
Jeffrey Williams, MD Physician
-
Henderson Justin E Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.01M
Owner & transaction history
Delta Center LLC · 27 yrs held
Delta Center LLC
since 1998
5 recorded transactions
Zoning & alternative use
C-R · Medford, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+30.0%
Medical building
$3.0M
+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%
$2,880,000
6.5%
$2,660,000
7%
$2,470,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,430,000
Current use
RESTAURANT
$3,160,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$2,955,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,990,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.01M
Range $1.81M – $2.21M · ±10%
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
$172 / 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
Tax billed
$34,018
Tax year 2023
Assessed value
$2,280,930
Assessed 2023
Previous assessed
$2,214,500
+3.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$835,420
Assessed improvement
$1,445,510
Land market value
$967,750
Improvement market value
$1,674,670
Total market value
$2,642,420
Applied tax rate
4,901.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Heating
NONE
Total area
11,700 SF
Lot
1.18 ac (51,401 SF)
Zoning code
C-R
APN
1-0312121
UPID
US71-0671920
Jurisdiction
JACKSON
Zoning & alternative use
C-R · Medford, OR
Zoning C-R · permitted uses
C-R · 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
$2.4M
RESTAURANT
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.0M
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
Lot
1.18 ac
Current owner
From public records · entity-resolved
Delta Center LLC
Entity
Free & Clear · 27 yrs held
Mailing address
718 BLACK OAK DRA, MEDFORD, OR 97504-8548
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 1998
—
Delta Center LLC
Foster Purdy Allan Peterson
Grant Deed
related
—
Dec 31, 1997
$311,250
Pulver Estate
Eugene F Burrill Lumber Co
Grant Deed
—
Aug 17, 1989
$200,000
Burrill Eugene F Lumber Co
Watson,sharalee Allyne
Grant Deed
related
—
Nov 1, 1982
$76,710
Watson,sharalee Allyne Etal
—
Grant Deed
related
—
—
—
Delta Center LLC
—
Loan Modification
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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