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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Medical Office Space
2850 State St, Medford, OR 97504-8474
Entity Owned
~
Est. High Equity
Property ID
US71-0210188
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Total area
3,669 SF
Lot
0.38 ac (16,553 SF)
Zoning code
C-S/P
APN
1-0640300
UPID
US71-0210188
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. Carl E. Osborn, DO Physician
-
Center for Regenerative Orthopedic Medicine, PC Physician
-
David E. Harris, DO Physician Medical Clinic
-
Dr. Daniel Laury Physician
-
Nathaniel Crider Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$804k
Blend (final)
Blend
$900k
Owner & transaction history
2850 State Street LLC
2850 State Street LLC
since 2025
Last sale
$990,000
7 recorded transactions
Zoning & alternative use
C-S/P · 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%
$885,000
6.5%
$820,000
7%
$760,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$925,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$760,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $990k (Dec 19 2025)
Last sale anchor
$990k
Dec 19 2025
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
$245 / 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
$9,660
Tax year 2023
Assessed value
$647,000
Assessed 2023
Previous assessed
$628,160
+3.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$223,420
Assessed improvement
$423,580
Land market value
$401,190
Improvement market value
$838,300
Total market value
$1,239,490
Applied tax rate
407.0000
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
1983
Heating
NONE
Total area
3,669 SF
Lot
0.38 ac (16,553 SF)
Zoning code
C-S/P
APN
1-0640300
UPID
US71-0210188
Jurisdiction
JACKSON
Zoning & alternative use
C-S/P · Medford, OR
Zoning C-S/P · permitted uses
C-S/P · 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
MEDICAL BUILDING Current
Est. value
$925,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$760,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1983
Heating
NONE
Lot
0.38 ac
Current owner
From public records · entity-resolved
2850 State Street LLC
Entity
Mailing address
2850 STATE ST, MEDFORD, OR 97504-8474
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2025
$990,000
2850 State Street LLC
Arbolon Associates LLC
Warranty Deed
$742,500 · Evergreen Fsla
Apr 11, 2017
—
Arbolon Associates LLC
—
Deed
related
$372,000 · Evergreen Busn Cap
Sep 29, 2016
$757,000
Arbolon Associates LLC
Boutargue Charitable R Trust
Warranty Deed
$812,300 · Peoples Bk/commerce
Dec 21, 2012
—
Boutargue Charitable Remain Trust
Laury,daniel H
Warranty Deed
related
—
Dec 17, 2012
—
Daniel H Laury
Boutargue Mob LLC
Warranty Deed
—
Jan 5, 2010
—
Boutargue Mob LLC
Laury,daniel H
Warranty Deed
—
Feb 26, 1999
—
Daniel H Laury
Parrish,earl H & Rosemary
Grant Deed
related
—
Jan 10, 1995
—
Parrish,earl H & Rosemary
Parrish,earl H
Grant Deed
related
—
Dec 30, 1994
$162,000
Earl H Parrish
Rogue Valley Medical Center
Grant Deed
related
—
Jun 8, 1993
$162,000
Rogue Valley Medical Center
Sacks,yale
Grant Deed
related
—
Mar 7, 1983
$83,170
Sacks,yale
—
Grant Deed
related
—
Jan 6, 1983
$83,170
Rogue Valley Land Co
—
Grant Deed
related
—
—
—
Earl H Parrish
—
Deed Of Trust
related
$320,000 · Bank Of Southern Oregon
—
—
Daniel H Laury
—
Deed Of Trust
related
$425,000 · Liberty Bank
—
—
Daniel H Laury
—
Deed Of Trust
related
$540,000 · Rogue FCU
—
—
Arbolon Associates LLC
—
Deed Of Trust
related
$372,000 · Evergreen Busn Cap
—
—
Daniel H Laury
—
Deed Of Trust
related
$550,000 · Us Bank NA
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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