180 Lithia Way Ashland, OR 97520-1891
Property profile & analytics
180 Lithia Way Ashland, OR 97520-1891
- Office Spaces
- 1,344 SF
- 0.03 lot acres
Property ID
US71-1725678
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.
Location Intelligence
Current Use by Public Records
- MustHaveMenus, Inc. / (Bike/Boat/Book/etc) Store / Corporate Office
- Ashland Brain Harmony / Physician
- Aligned Career Coaching / Employment Agency / Tutoring Service
- Natural Medicine / Physician / Alternative Medicine Practice
- FourEight Transitions / Medical Clinic
Property Details for 180 Lithia Way
- Year built
- 2006
- Lot size
- 0.03 lot acres
- Property size
- 1,344 SF
- Zone code
- E-1
- Property type
- Office Spaces
- APN
- 1-0985042
- APU
- 10985042
Description
This fully leased, 10,088 square foot Class B office and retail building in downtown Ashland, Oregon presents a compelling investment opportunity. The property, built in 2004, consists of nine commercial condos within a single two-story building, offering flexibility for future sales or lease adjustments. Currently boasting 100% occupancy with eight tenants under net leases, the property generates a strong net operating income (NOI) of $124,702, resulting in a 5.01% cap rate. The asking price is $2,490,000, translating to $246.83 per square foot. Located at 180 Lithia Way (APN 10979761), this prime location within Ashland's "Tourist Triangle" benefits from high daily traffic (9,700 vehicles) and excellent pedestrian access. Amenities include convenient access to electric vehicle charging stations and ample public parking. The building itself features desirable attributes such as conference rooms, breakrooms, multiple entrances, high ceilings, large windows, and a fire suppression system. The property is zoned C-1-D (Commercial Downtown) and includes rent bump provisions. The current lease agreements expire November 15, 2024. Ashland's vibrant cultural scene, including the renowned Oregon Shakespeare Festival, and its thriving tourism industry contribute to the property's strong tenant demand and investment potential. This is a stabilized investment in a highly desirable location.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Ashland
- County
- Jackson
- State
- Oregon
- Longitude
- -122.712
- Latitude
- 42.1967
- 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
$3,884
$0.00
$244,110
$244,110
-
$0.00
$408,530
$408,530
