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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Retail space
2961 Pacific Hwy Medford, OR 97501-1362
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0699973
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
8,700 SF
Lot
0.54 ac (23,522 SF)
Zoning code
C-G
APN
1-0590104
UPID
US71-0699973
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
-
Bettencourt Furniture and Custom Cabinets General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$925k
Blend (final)
Blend
$1.20M
Owner & transaction history
Hls Properties LLC · 2 yrs held
Hls Properties LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
C-G · Medford, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.8M
+30.6%
Commercial (general)
$1.6M
+13.3%
Auto repair, garage
$1.4M
+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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,385,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,805,000
Change: +31% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,570,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,405,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Apr 30 2024)
Last sale anchor
$1.20M
Apr 30 2024
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
$138 / 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
$7,379
Tax year 2023
Assessed value
$494,760
Assessed 2023
Previous assessed
$494,760
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$186,530
Assessed improvement
$308,230
Land market value
$380,080
Improvement market value
$297,380
Total market value
$677,460
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
8,700 SF
Lot
0.54 ac (23,522 SF)
Zoning code
C-G
APN
1-0590104
UPID
US71-0699973
Jurisdiction
JACKSON
Zoning & alternative use
C-G · Medford, OR
Zoning C-G · permitted uses
C-G · 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
RETAIL STORES Current
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
0.54 ac
Current owner
From public records · entity-resolved
Hls Properties LLC
Entity
Mailing address
2882 KERRISDALE RDG DR, MEDFORD, OR 97504-5746
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2024
$1,200,000
Hls Properties LLC
Manuel J Bettencourt JR
Warranty Deed
$1,100,000 · Manuel J Bettencourt JR And Karla J
Feb 27, 1986
$37,500
Bettencourt,manuel JR & Karla
Pape' H Dean Trustee Fbo
Grant Deed
related
—
Dec 19, 1984
—
Pape' H Dean Trustee Fbo
Adkins,roy E Trustee
Grant Deed
related
—
May 12, 1983
$45,000
Adkins,roy E Trustee
—
Grant Deed
related
—
—
—
Manuel J Bettencourt JR.
—
Deed Of Trust
related
$324,171 · Peoples Bank Of Commerce
—
—
Manuel J Bettencourt
—
Deed Of Trust
related
—
—
—
Manuel J Bettencourt
—
Deed Of Trust
related
—
—
—
Manuel J Bettencourt
—
Deed Of Trust
related
$215,000 · Us National Bank Oregon
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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