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    201 Bateman Dr Medford, OR 97502-3598
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    Property profile & analytics

    201 Bateman Dr, Medford, OR 97502-3598

    View on Map
    • Distribution centers
    • 36,600 SF
    • 2.06 lot acres
    Off-Market
    Last Sale Dec 19, 2023
    $1,600,000
    Property ID
    US71-1930575
    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
    $1,590,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hinkle Feather Bikes / (Bike/Boat/Book/etc) Store
    • New port distilling / Brewery & Distillery / Bar & Pub
    • The Gleaning Network / Grocery & Convenience Store / Food Market
    • Brian Dierks Photography, LLC / Photography Service / (Bike/Boat/Book/etc) Store
    • WorkForce Services Inc / Auto Repair Shop / Vehicle Inspection Center

    Property Details for 201 Bateman Dr

    Year built
    1997
    Lot size
    2.06 lot acres
    Zone code
    AD-MU
    Property type
    Distribution centers
    APN
    1-0709217
    APU
    10709217

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 20, 2023 — Fredic C Divine Fredic C Divine Re-recorded Document · related $365k · Evergreen Fsla
    Dec 19, 2023 — Robert P Divine Robert P Divine Intrafamily Transfer · related —
    Mar 19, 2004 $1,600,000 Properties LP Goh Krull,robert W & Joyce H Grant Deed $1.1M · Premierwest Bank
    Oct 27, 1999 $1,250,000 Robert W Krull Lewellyn,don A Grant Deed $938k · Valley Of The Rogue Bank
    May 6, 1994 $52,000 Don A Lewellyn Gough,eileen E Grant Deed · related —
    Apr 21, 1993 $37,080 Eileen E Gough Hughes,cecil H Et Al Grant Deed · related —
    May 11, 1992 — Cecil H Et Al Hughes Hughes,cecil H Et Al Grant Deed · related —
    Aug 30, 1991 $138,000 Cecil H Et Al Hughes Bateman,peter M & Naomi Grant Deed · related —
    Jun 21, 1988 — Peter M Bateman Bateman,peter M & Naomi Grant Deed · related —
    Dec 10, 1986 — Bateman,peter M & Naomi Bateman,josephine M Grant Deed · related —
    Aug 8, 1983 — — — Deed Of Trust · related —
    — — Don A Lewellyn — Deed Of Trust · related $435k · Colonial Banking Co
    — — Don A Lewellyn — Deed Of Trust · related $41k · Colonial Bancorp
    — — Don A Lewellyn — Deed Of Trust · related $250k · Valley Of The Rogue Bank
    — — Don A Lewellyn — Deed Of Trust · related $45k · Colonial Banking Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,430,000
      ML approach
      $1,390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,918,000
      Market price range: $968k - $3.55M

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.882
    Latitude
    42.3958
    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
    $32,089
    $108,980
    $2,062,720
    $2,171,700
    -
    $292,980
    $3,623,430
    $3,916,410

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      12,175 SF

      5610 Table Rock Rd

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      1121 Helicopter Way

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      4750 Industry Dr

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    • Value Estimation
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      6,876 SF

      4771 Industry Dr

      DISTRIBUTION WAREHOUSE
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      65-Acre Industrial Land Opportunity

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      Medford Light Industrial Zoned Lot

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      High Exposure Commercial Site

      Commercial site with high exposure, suitable for various options.
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      E. Central Point Commercial Land

      Prime commercial land near new Costco development in Central Point.
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    Similar Nearby for Lease

    • Contact for pricing

      New Construction Industrial/Warehouse Space

      New industrial/warehouse space available for lease in Medford, OR.
      163 Bateman Dr, Medford, OR 97502
      View Details
    • $1.00 SF/Yr
      24,000 SF

      New Construction Industrial Flex Space

      New industrial flex space available for lease in Medford, Oregon.
      163 Bateman Dr, Medford, OR 97502
      View Details
    • Contact for pricing

      New Office Space For Lease

      New construction office space with excellent frontage and visibility.
      4801 Biddle Rd, Central Point, OR 97502
      View Details
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    Medford, OR 97502-3598
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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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