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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Warehouses
217 Bateman Dr Medford, OR 97502-3277
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0812249
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Total area
6,000 SF
Lot
2.09 ac (91,040 SF)
Zoning code
AD-MU
APN
1-0709233
UPID
US71-0812249
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
-
F.D. Thomas, Inc. (FDT) Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$780k
Comparable Approach
Comparable
$850k
Blend (final)
Blend
$735k
Owner & transaction history
Bateman LLC · 22 yrs held
Bateman LLC
since 2004
7 recorded transactions
Zoning & alternative use
AD-MU · Medford, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
PLANNING DEPARTMENT
Top alternative use upside
Auto repair, garage
$970,000
+72.9%
Retail stores
$955,000
+69.9%
Commercial (general)
$870,000
+55.2%
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%
$845,000
6.5%
$780,000
7%
$725,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$560,000
Current use
AUTO REPAIR, GARAGE
$970,000
Change: +73% · Conversion: Easy
RETAIL STORES
$955,000
Change: +70% · Conversion: Moderate
COMMERCIAL (GENERAL)
$870,000
Change: +55% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$585,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$123 / 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
$9,572
Tax year 2023
Assessed value
$647,780
Assessed 2023
Previous assessed
$628,920
+3.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$121,540
Assessed improvement
$526,240
Land market value
$293,770
Improvement market value
$2,138,960
Total market value
$2,432,730
Applied tax rate
635.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Total area
6,000 SF
Lot
2.09 ac (91,040 SF)
Zoning code
AD-MU
APN
1-0709233
UPID
US71-0812249
Jurisdiction
JACKSON
Zoning & alternative use
AD-MU · Medford, ORZoning AD-MU · permitted uses
AD-MU · Medford, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
PLANNING DEPARTMENT
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$970,000
RETAIL STORES
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$870,000
INDUSTRIAL (GENERAL)
Est. value
$585,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (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
2.09 ac
Current owner
From public records · entity-resolved
Bateman LLC
Entity
Mailing address
4167 INDEPENDENCE SCHOOL RD, MEDFORD, OR 97501-9638
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2009
—
Bateman LLC
—
Deed Of Trust
related
$1,168,000 · Umpqua Bank
Jun 7, 2005
—
Bateman LLC
—
Trustees Deed
related
$1,000,000 · Umpqua Bank
Feb 12, 2004
—
Bateman LLC
Thomas,f D
Grant Deed
related
—
Jun 3, 2003
—
Bateman LLC
Thomas,f D
Grant Deed
related
—
Jan 23, 1990
$19,200
F Dan Thomas
Hughes,cecil H Et Al
Grant Deed
related
—
Dec 23, 1988
—
Cecil H Et Al Hughes
Hughes,cecil H Et Al
Grant Deed
related
—
Jun 21, 1988
—
Cecil H Et Al Hughes
Hughes,cecil H
Grant Deed
related
—
Feb 18, 1988
$2,500
Cecil H Hughes
Bateman,peter M & Naomi
Grant Deed
related
—
Feb 18, 1988
$19,200
Cecil H Hughes
Hughes,cecil H
Grant Deed
related
—
Dec 31, 1987
$2,500
—
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
—
—
—
Bateman LLC
—
Deed Of Trust
related
—
—
—
F D Thomas
—
Deed Of Trust
related
$50,000 · Us National Bank Oregon
—
—
Bateman LLC
—
Loan Modification
related
$5,000,000 · Umpqua Bk
—
—
Bateman LLC
—
Loan Modification
related
—
—
—
Bateman LLC
—
Deed Of Trust
related
—
—
—
Bateman LLC
—
Loan Modification
related
$7,000,000 · Umpqua Bk
—
—
Bateman 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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