Property profile

229 Stewart Ave Medford, OR 97501

OFF-MARKET
Medical Office Space
Property ID
US71-0933920
12,839 SF 1.54 ac lot Built 2000
Individually Owned 27-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 6,802-square-foot Class A medical office building is situated on a prominent 1.54-acre lot at 229 W. Stewart Ave, Medford, Oregon (97501), near the intersection of Holly Street. Built in 2000, this single-story building is currently vacant and ready for immediate occupancy. The property boasts a single-tenant configuration, ideal for a medical practice seeking a substantial and well-appointed space. The interior is designed to accommodate various medical uses, featuring multiple exam rooms, private offices, a reception area, and a waiting room. The listed square footage includes the building's common entry and shared waiting area. The property is zoned C-C/RZ. The Assessor's Parcel Number (APN) is 10426519. This is a rare opportunity to secure high-quality medical office space in a desirable location. The owner is willing to offer tenant improvement (TI) allowances based on lease terms and the tenant's financial qualifications. Tenant and use are subject to owner approval. This property presents a unique chance to establish or expand a medical practice in a thriving area of Medford. Don't miss this chance to secure this exceptional medical office building.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2000
Total area 12,839 SF
Lot 1.54 ac (67,082 SF)
Zoning code C-C
APN 1-0426519
UPID US71-0933920

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pediatrician Physician
  • Physician
  • Medical Clinic
  • Medical Clinic
  • Physician

Location

229 Stewart Ave Medford, OR 97501-3663
Medford metro Census 701 MEDFORD, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.00M
Blend (final) Blend
$1.46M

Owner & transaction history

since 1998
2 recorded transactions
1998
$350,000
1996
Price N/A

Zoning & alternative use

C-C · Medford, OR
Zoning description

hape a Vibrant and Exceptional City” Lausmann Annex • 200 South Ivy Street • Medford OR 97501 Phone (541)774-2380 • fax (541)618-1708 www.ci.medford.or.us CITY OF MEDFORD PLANNING DEPARTMENT 10.328 Community Commercial,…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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