Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3162 State St Medford, OR 97504-8450

    • Medical Office Space
    • 6,800 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $775,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0310624
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Oral and Maxillofacial Surgery Center of Oregon / Dental Office
    • Matthew E. Myers, D.M.D. / Dental Office
    • Bryan Clevenger / Dental Office

    Property Details for 3162 State St

    Year built
    2005
    Lot size
    0.17 lot acres
    Property size
    6,800 SF
    Zone code
    MFR-20
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    1-0979142
    APU
    10979142

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,029,000
      Market price range: $601k - $2.16M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.824
    Latitude
    42.3142
    CBSA code
    32780
    CBSA name
    MEDFORD, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,377
    $124,300
    $704,710
    $829,010
    -
    $391,910
    $1,692,270
    $2,084,180

    Comparable in this City

    • Value Estimation
      $4,745,000
      35,876 SF

      1333 Barnett Rd

      MEDICAL BUILDING • 35,876 SF
      1333 Barnett Rd, Medford, OR 97504-8219
      View Details
    • Value Estimation
      $650,000
      3,980 SF

      2911 Siskiyou Blvd

      MEDICAL BUILDING • 3,980 SF
      2911 Siskiyou Blvd, Medford, OR 97504-8179
      View Details
    • Value Estimation
      $2,360,000
      14,481 SF

      2600 Siskiyou Blvd

      MEDICAL BUILDING • 14,481 SF
      2600 Siskiyou Blvd, Medford, OR 97504-8177
      View Details
    • Value Estimation
      $835,000
      5,131 SF

      2635 Siskiyou Blvd

      MEDICAL BUILDING • 5,131 SF
      2635 Siskiyou Blvd, Medford, OR 97504-8125
      View Details
    • Value Estimation by Request
      2,400 SF

      526 Main St

      MEDICAL BUILDING • 2,400 SF
      526 Main St, Medford, OR 97504-7149
      View Details
    • Value Estimation
      $1,300,000
      7,978 SF

      1000 Main St

      MEDICAL BUILDING • 7,978 SF
      1000 Main St, Medford, OR 97504-7449
      View Details

    Similar Nearby for Sale

    • $250,000
      Pending

      Established Spa in Prime Location

      Thriving spa business with loyal customer base in Medford.
      Medford, OR 97504
      View Details
    • $1,050,000
      3,808 SF

      Class A Office Building

      Professional office building in East Medford near the airport.
      810 O'hare Pkwy, Medford, OR 97504
      View Details
    • $978,000
      5,430 SF

      Medford Flex Space: $978,000

      Modern Medford Office/Warehouse
      2021 Commerce Dr, Medford, OR 97504
      View Details
    • Contact for pricing
      13,257 SF

      Fully Leased Office Building

      Office building fully leased to the State of Oregon.
      800 Cardley Ave, Medford, OR 97504
      View Details
    • Contact for pricing
      15,514 SF

      High-Quality Office Building Near Hospital

      Two-story office building with elevator, suitable for various uses.
      717 Murphy Rd, Medford, OR 97504
      View Details
    • $375,000
      Pending

      Medford Mixed-Use Redevelopment Opportunity

      Two buildings in future Creekside Quarters Development, downtown Medford.
      9 Hawthorne St, Medford, OR 97504
      View Details

    Similar Nearby for Lease

    • $2.00 SF/Yr
      3,180 SF

      Medical/Professional Office Space Available

      Versatile ADA-compliant building near Asante, ideal for medical or professional use.
      3144 State St, Medford, OR 97504
      View Details
    • Contact for pricing

      Demised Office Suite Available

      Office suite available November 4, 2024, suitable for financial office.
      3551 E Barnett Rd, Medford, OR 97504
      View Details
    • Contact for pricing

      New Retail Strip Building

      New retail strip building in East Medford location.
      1314 Springbrook Rd, Medford, OR 97504
      View Details
    • Contact for pricing
      3,200 SF

      Medford Flex Space Available Now

      Clean flex space near I-5 and Medford Airport.
      541 Business Park Dr, Medford, OR 97504
      View Details
    • Contact for pricing
      1,264 SF

      Retail, Restaurant, Office Space Available

      Retail, restaurant, and office spaces for lease.
      606 Medford Ctr, Medford, OR 97504
      View Details
    • Contact for pricing
      70,000 SF

      Medford Industrial Building For Lease

      70,000 SF industrial building in Medford, Oregon available for lease.
      501 Airport Rd, Medford, OR 97504
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3162 State St
    Medford, OR 97504-8450
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!