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Property profile & analytics
OFF-MARKET
Turn key restaurants
2200 Crater Lk Hwy, Medford, OR 97504-4136
Individually Owned
35-yr Hold
Free & Clear
Property ID
US71-0523796
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Lot
0.57 ac (24,829 SF)
Zoning code
C-R
APN
1-0384764
UPID
US71-0523796
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
-
Red Lobster Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mills Restaurants · 35 yrs held
Mills Restaurants
since 1991
7 recorded transactions
Zoning & alternative use
C-R · Medford, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,374
Tax year 2023
Assessed value
$494,450
Assessed 2023
Previous assessed
$480,050
+3.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$463,990
Assessed improvement
$30,460
Land market value
$837,490
Improvement market value
$29,100
Total market value
$866,590
Applied tax rate
4,901.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Heating
NONE
Lot
0.57 ac (24,829 SF)
Zoning code
C-R
APN
1-0384764
UPID
US71-0523796
Jurisdiction
JACKSON
Zoning & alternative use
C-R · Medford, OR
Zoning C-R · permitted uses
C-R · Medford, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Medford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.57 ac
Current owner
From public records · entity-resolved
Mills Restaurants
Individual
Free & Clear · 35 yrs held
Mailing address
PO BOX 6467, ORLANDO, FL 32802-6467
Ownership since
1991
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 1991
$725,000
Mills Restaurants
First Western Dev & Ore II
Grant Deed
related
—
May 22, 1990
—
—
Dayton Hudson Corporation
Grant Deed
related
—
May 22, 1990
$536,900
Western Dev First
Dayton Hudson Corporation
Grant Deed
related
—
Feb 9, 1988
—
Dayton Hudson Corporation
Griffin James S Co
Grant Deed
related
—
Jan 21, 1988
$2,000,000
Griffin James S Co
Cal & Ore Broadcasting Inv
Grant Deed
related
—
Dec 30, 1986
$501,874
Cal & Ore Broadcasting Inv
Cal & Ore Broadcasting INC
Grant Deed
related
—
Feb 18, 1986
$500,000
Cal & Ore Broadcasting INC
So Ore Fed Credit Union
Grant Deed
related
—
Mar 26, 1985
$500,000
So Ore Fed Credit Union
Dixon,james B
Grant Deed
related
—
Sep 28, 1982
—
Dixon,james B
—
Deed Of Trust
related
—
Jul 29, 1982
—
Dixon,barbara J
—
Deed Of Trust
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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