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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Retail space
3724 Crater Lk Ave Medford, OR 97504-9499
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1070569
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
4,512 SF
Lot
2 ac (87,120 SF)
Zoning code
I-G
APN
1-0931562
UPID
US71-1070569
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
-
Visar Construction Co General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
$960k
Comparable Approach
Comparable
$480k
Blend (final)
Blend
$790k
Owner & transaction history
Doug Pickett · 4 yrs held
Doug Pickett
since 2022
Last sale
$950,000
3 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
Medical building
$1.1M
+58.8%
Neighborhood: shopping center
$935,000
+30.6%
Commercial (general)
$770,000
+7.1%
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
$685,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$1,040,000
6.5%
$960,000
7%
$890,000
Alternative Use
Use
Estimation
RETAIL STORES
$715,000
Current use
MEDICAL BUILDING
$1,140,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$935,000
Change: +31% · Conversion: Moderate
COMMERCIAL (GENERAL)
$770,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$730,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $950k (Jan 4 2022)
Last sale anchor
$950k
Jan 4 2022
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
$175 / 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
$4,194
Tax year 2023
Assessed value
$281,230
Assessed 2023
Previous assessed
$273,040
+3.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$146,670
Assessed improvement
$134,560
Land market value
$333,350
Improvement market value
$145,690
Total market value
$479,040
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
4,512 SF
Lot
2 ac (87,120 SF)
Zoning code
I-G
APN
1-0931562
UPID
US71-1070569
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
$715,000
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$935,000
COMMERCIAL (GENERAL)
Est. value
$770,000
AUTO REPAIR, GARAGE
Est. value
$730,000
RETAIL STORES Current
MEDICAL BUILDING
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
2 ac
Current owner
From public records · entity-resolved
Doug Pickett
Individual
Mailing address
1570 ROSS LN, MEDFORD, OR 97501-1728
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
—
Pickett Doug
—
Deed
related
$990,000 · Peoples Bank Of Commerce
Jan 4, 2022
$950,000
Doug Pickett
Stanley Sesar
Warranty Deed
$915,000 · Stanley Sesar JR
—
—
Blu Dutch LLC
—
Deed Of Trust
related
$144,000 · Evergreen Fed'l S&l
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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