Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1924 Biddle Rd Medford, OR 97504-5247
    Back to Search
    Property profile & analytics

    1924 Biddle Rd, Medford, OR 97504-5247

    View on Map
    • Turn key restaurants
    • 2,576 SF
    • 0.56 lot acres
    Off-Market
    Property ID
    US71-0837593
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1924 Biddle Rd

    Lot size
    0.56 lot acres
    Zone code
    C-R
    Property type
    Turn key restaurants
    APN
    1-0636287
    APU
    10636287

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 30, 2003 — Linger Longer Properties LLC Hutchins,robert H & Marilyn I Grant Deed · related —
    Feb 16, 1994 — Duke,john A Trust Duke,john A Grant Deed · related —
    Nov 30, 1989 $200,000 John A Duke Robertson,robert C Grant Deed · related —
    — — Duke Trust — Deed Of Trust · related $275k · Bank Of Southern Oregon

    Description

    This 2,576 square foot restaurant space, formerly a Pizza Hut, is located at 1924 Biddle Road in Medford, Oregon (Jackson County, APN 10636287). The property sits on a 0.56-acre lot and includes 25 parking spaces. The interior has been completely refreshed and is immediately available for occupancy. The building benefits from a new roof and the owner is planning to install a brand new HVAC system, including ductwork, based on the current floor plan. This single-tenant space is ideally situated next to Elmer's and adjacent to Food 4 Less, offering excellent visibility and foot traffic. The owner is seeking a five-year lease with annual rent escalations and a percentage rent component. A lease option may be considered. Tenant improvements for a qualified tenant might be negotiated at an increased rental rate. The property is offered "as is," and the owner reserves the right to approve the tenant and intended use. Convenience stores are not permitted. This is a turnkey opportunity for a restaurant operator seeking a high-traffic location in Medford, Oregon.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.874
    Latitude
    42.3476
    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
    $10,595
    $458,210
    $255,840
    $714,050
    -
    $458,210
    $255,840
    $714,050

    Comparable in this City

    • Value Estimation by Request

      499 Medford Ctr

      RESTAURANT
      499 Medford Ctr, Medford, OR 97504-6000
      View Details
    • Value Estimation
      $745,000
      8,300 SF

      2200 Crater Lk Hwy

      RESTAURANT
      2200 Crater Lk Hwy, Medford, OR 97504-4136
      View Details
    • Value Estimation by Request
      5,604 SF

      1150 Barnett Rd

      RESTAURANT
      1150 Barnett Rd, Medford, OR 97504-8221
      View Details
    • Value Estimation
      $1,140,000
      5,061 SF

      700 Biddle Rd

      RESTAURANT
      700 Biddle Rd, Medford, OR 97504-6116
      View Details
    • Value Estimation by Request
      0.04 Acres

      2200 Crater Lk Hwy

      RESTAURANT
      2200 Crater Lk Hwy, Medford, OR 97504-4136
      View Details
    • Value Estimation by Request
      5,913 SF

      2000 Biddle Rd

      RESTAURANT
      2000 Biddle Rd, Medford, OR 97504-5248
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,913 SF

      Single Tenant Net Leased Property

      Single tenant property with long-term lease and rent escalations.
      2000 Biddle Rd, Medford, OR 97504
      View Details
    • Contact for pricing
      2,300 SF

      Restaurant Opportunity on Biddle Road

      Restaurant property for sale on Biddle Road in Medford.
      2233 Biddle Rd, Medford, OR 97504
      View Details
    • Contact for pricing
      2,520 SF

      Retail Building on Delta Waters

      Class A retail building with outstanding exposure in Medford, Oregon.
      1586 Delta Waters Rd, Medford, OR 97504
      View Details
    • $2,400,000
      13,683 SF

      Medford Retail Center For Sale

      Well-maintained retail center near major shopping area.
      602 Crater Lake Ave, Medford, OR 97504
      View Details
    • $85,000
      1,500 SF

      Wild Birds Unlimited Franchise Opportunity

      Turnkey retail franchise in Medford Center with trained staff.
      961 Medford Ctr, Medford, OR 97504
      View Details
    • Contact for pricing
      4,188 SF

      Freestanding VCA Animal Hospital Investment

      NNN leased VCA Animal Hospital in Medford, Oregon.
      902 E Jackson St, Medford, OR 97504
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medford Center Retail, Restaurant, Office Space

      Retail, restaurant, and office spaces available in Medford Center.
      631 Medford Ctr, Medford, OR 97504
      View Details
    • Contact for pricing
      2,380 SF

      Medford Retail and Restaurant Space

      Retail, restaurant, and office spaces available in Medford center.
      639 Medford Ctr, Medford, OR 97504
      View Details
    • Contact for pricing

      Medford Retail Pad with Drive-Thru

      New 3,000 SF retail building with drive-thru option.
      E Barnett Rd, Medford, OR 97504
      View Details
    • Contact for pricing
      1,307 SF

      Medford Retail and Restaurant Space

      Retail, restaurant, and office spaces available in Medford center.
      861 Medford Ctr, Medford, OR 97504
      View Details
    • Contact for pricing

      Retail Space in Poplar Square

      Retail space available in high-traffic Medford shopping center.
      2324 Poplar Dr, Medford, OR 97504
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1924 Biddle Rd
    Medford, OR 97504-5247
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1924 Biddle Rd, Medford, OR, 97504
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!