Property profile

1605 Mcandrews Rd Medford, OR 97504

OFF-MARKET
Medical Office Space
Property ID
US71-0874251
2,182 SF 0.08 ac lot Built 1991
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,182 square foot medical office building, situated on a 0.08-acre lot in Jackson County, presents a unique investment opportunity. Built in 1991, this single-story structure boasts 15 parking spaces, ensuring ample convenience for patients and staff. The property is currently vacant, offering immediate occupancy for a new tenant. The zoning designation is C-S/P, allowing for a variety of medical uses. The building's location on East McAndrews Road, directly across from Providence Hospital, provides excellent visibility and accessibility. This prime location offers significant advantages for attracting patients and establishing a thriving medical practice. The property features a single-tenant occupancy, providing a stable and predictable income stream for the owner. A minimum five-year lease term is preferred. The property owner retains the right to approve the prospective tenant and intended use of the space. The Assessor's Parcel Number (APN) is 10326443. This is a turn-key opportunity for a medical professional seeking a well-located, readily available space to establish or expand their practice.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1991
Total area 2,182 SF
Lot 0.08 ac (3,485 SF)
Zoning code C-S/P
APN 1-0326443
UPID US71-0874251

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1605 Mcandrews Rd Medford, OR 97504
Medford metro Census 405 MEDFORD, OR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$775k
CAP Approach CAP
$485k
Comparable Approach Comparable
$506k
Blend (final) Blend
$730k

Owner & transaction history

since 2021
Last sale
$750,000
7 recorded transactions
2021
$750,000
2017
$650,000
1989
$60,000
1986
$80,000
1981
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-S/P · Medford, OR
Zoning description

The C-S/P district provides land for professional offices, hospitals, and limited service commercial uses. This district is intended to be customer-oriented, however, retail uses are limited

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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