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Property profile & analytics
OFF-MARKET
Estimated value
$2,020,000
Strip malls
2323 Main St, Medford, OR 97501-2161
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0817177
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
10,000 SF
Lot
6.27 ac (273,121 SF)
Zoning code
GC
APN
1-0432156
UPID
US71-0817177
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
-
Taco Bell Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.02M
Owner & transaction history
Thunderbird Village LLC · 18 yrs held
Thunderbird Village LLC
since 2007
7 recorded transactions
Zoning & alternative use
GC · Medford, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+30.0%
Medical building
$2.5M
+21.6%
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%
$2,465,000
6.5%
$2,275,000
7%
$2,110,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,075,000
Current use
RESTAURANT
$2,700,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$2,525,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,800,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.02M
Range $1.82M – $2.22M · ±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
$202 / 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
$54,208
Tax year 2023
Assessed value
$3,634,720
Assessed 2023
Previous assessed
$3,528,860
+3.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$2,147,760
Assessed improvement
$1,486,960
Land market value
$3,091,280
Improvement market value
$2,140,160
Total market value
$5,231,440
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Heating
NONE
Buildings
2
Total area
10,000 SF
Lot
6.27 ac (273,121 SF)
Zoning code
GC
APN
1-0432156
UPID
US71-0817177
Jurisdiction
JACKSON
Zoning & alternative use
GC · Medford, OR
Zoning GC · permitted uses
GC · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.1M
RESTAURANT
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (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
Year built
1985
Heating
NONE
Buildings
2
Lot
6.27 ac
Current owner
From public records · entity-resolved
Thunderbird Village LLC
Entity
Free & Clear · 18 yrs held
Mailing address
461 DAWSON DR, WINSTON, OR 97496-9609
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2007
—
Thunderbird Village LLC
Leiken,sidney B
Grant Deed
—
Oct 23, 1991
—
Paul Jackson
Jackson,paul
Grant Deed
related
—
May 23, 1989
$15,000
Paul Jackson
Jackson,paul
Grant Deed
related
—
Dec 13, 1988
—
Paul Jackson
Jackson,paul
Grant Deed
related
—
Apr 22, 1988
—
Paul Jackson
Jackson,paul
Grant Deed
related
—
Oct 22, 1987
—
Jackson,paul
Jackson,paul
Grant Deed
related
—
Jan 21, 1983
—
Jackson,paul Etal
—
Deed Of Trust
related
—
—
—
Thunderbird Village
—
Deed Of Trust
related
$500,000 · Us Bank NA
—
—
Thunderbird Village LLC
—
Deed Of Trust
related
$900,000 · Umpqua Bank
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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