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Property profile & analytics
OFF-MARKET
Estimated value
$1,460,000
Medical Office Space
229 Stewart Ave, Medford, OR 97501-3663
Individually Owned
27-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0933920
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Ashley S. Peterson, MD Pediatrician Physician
-
Collins Dea N Physician
-
Family Practice Group Medical Clinic
-
Rogue Valley Physicians, PC Medical Clinic
-
Family Practice Group: Margulies Tom D MD Physician
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
Asante · 27 yrs held
Asante
since 1998
2 recorded transactions
Zoning & alternative use
C-C · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.46M
Range $1.31M – $1.61M · ±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
$114 / 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
$23,175
Tax year 2023
Assessed value
$1,553,910
Assessed 2023
Previous assessed
$1,508,660
+3.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$495,420
Assessed improvement
$1,058,490
Land market value
$1,780,670
Improvement market value
$2,440,760
Total market value
$4,221,430
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2000
Heating
NONE
Total area
12,839 SF
Lot
1.54 ac (67,082 SF)
Zoning code
C-C
APN
1-0426519
UPID
US71-0933920
Jurisdiction
JACKSON
Zoning & alternative use
C-C · Medford, OR
Zoning C-C · permitted uses
C-C · 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
Year built
2000
Heating
NONE
Lot
1.54 ac
Current owner
From public records · entity-resolved
Asante
Individual
Free & Clear · 27 yrs held
Mailing address
2650 SISKIYOU BLVD, MEDFORD, OR 97504-8170
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 1998
$350,000
Asante
Lepari,joseph E & Sonia C
Grant Deed
—
Sep 18, 1996
—
Joseph E Lepari
Lepari,joseph E & Sonia C
Quit Claim Deed
related
$33,000 · Washington Mutual Fsb
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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