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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Retail space
2517 Biddle Rd Medford, OR 97504-4108
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0013571
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
10,010 SF
Lot
2.08 ac (90,605 SF)
Zoning code
I-G
APN
1-0428170
UPID
US71-0013571
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
-
Crater Lake Mazda Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.13M
Owner & transaction history
Billings Properties LLC · 8 yrs held
Billings Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
I-G · Medford, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I-G district provides land for industrial uses in which production and processing activities involve a degree of noise, vibration, air pollution, radiation, glare phenomena, and fire and explosive hazards
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
641.04 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.7M
+7.1%
Auto repair, garage
$1.6M
+1.7%
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
Alternative Use
Use
Estimation
RETAIL STORES
$1,590,000
Current use
COMMERCIAL (GENERAL)
$1,705,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,620,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±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
$112 / 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
$14,170
Tax year 2023
Assessed value
$950,120
Assessed 2023
Previous assessed
$922,450
+3.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$548,800
Assessed improvement
$401,320
Land market value
$876,100
Improvement market value
$615,120
Total market value
$1,491,220
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Total area
10,010 SF
Lot
2.08 ac (90,605 SF)
Zoning code
I-G
APN
1-0428170
UPID
US71-0013571
Jurisdiction
JACKSON
Zoning & alternative use
I-G · Medford, ORZoning I-G · permitted uses
I-G · Medford, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I-G district provides land for industrial uses in which production and processing activities involve a degree of noise, vibration, air pollution, radiation, glare phenomena, and fire and explosive hazards
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
641.04 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2.08 ac
Current owner
From public records · entity-resolved
Billings Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
150 N BARTLETT ST, MEDFORD, OR 97501-6032
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2024
—
Lithia Real Estate INC
—
Deed
related
$11,624,000 · First Interstate Bank
Jul 15, 2020
—
Lithia Real Estate INC
—
Deed
related
$254,700,000 · Wells Fargo Bank NA
Nov 16, 2017
—
Billings Properties LLC
Crater Lake Ford LLC
Quit Claim Deed
related
—
Nov 15, 2017
$11,500,000
Lithia Real Estate INC
Billings Properties LLC
Warranty Deed
—
Aug 27, 2014
$1,800,000
Billings Properties LLC
Exit 30 LLC
Grant Deed
$1,650,000 · Exit 30 LLC
Jan 11, 2008
—
Exit 30 LLC
Biddle Road LLC
Grant Deed
—
Aug 29, 2002
—
Briddle Road LLC
Kiker,tr
Grant Deed
related
—
Jun 24, 2002
$105,600
Oregon State
Caledonia Trust
Grant Deed
—
Dec 22, 1993
$475,000
Kevin Kiker
Collins,kathleen B
Grant Deed
related
—
Dec 29, 1992
—
Kathleen B Collins
Collins,john
Grant Deed
related
—
Dec 27, 1990
—
John Collins
Collins,john
Grant Deed
related
—
—
—
Kevin Kiker
—
Deed Of Trust
related
$502,500 · Us 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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