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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Retail space
404 Walnut St Medford, OR 97501-5750
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0701000
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
4,750 SF
Lot
0.53 ac (23,087 SF)
Zoning code
C-C
APN
1-0386084
UPID
US71-0701000
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$575k
Blend (final)
Blend
$680k
Owner & transaction history
Lithia Real Estate INC · 4 yrs held
Lithia Real Estate INC
since 2022
Last sale
$820,000
7 recorded transactions
Zoning & alternative use
C-C · Medford, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
hape a Vibrant and Exceptional City” Lausmann Annex • 200 South Ivy Street • Medford OR 97501 Phone (541)774-2380 • fax (541)618-1708 www.ci.medford.or.us CITY OF MEDFORD PLANNING DEPARTMENT 10.328 Community Commercial, C-C. The C-C district provides land for the devel opment of commercial facilities servicing the shopping needs of the community and is ty pi…
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
806.49 ac
Source
PLANNING DEPARTMENT
Top alternative use upside
Neighborhood: shopping center
$985,000
+30.6%
Commercial (general)
$855,000
+13.3%
Auto repair, garage
$770,000
+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
$590,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$755,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$985,000
Change: +31% · Conversion: Moderate
COMMERCIAL (GENERAL)
$855,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$770,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $820k (Feb 14 2022)
Last sale anchor
$820k
Feb 14 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
$143 / 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
$4,722
Tax year 2023
Assessed value
$316,590
Assessed 2023
Previous assessed
$307,370
+3.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$98,920
Assessed improvement
$217,670
Land market value
$373,040
Improvement market value
$210,030
Total market value
$583,070
Applied tax rate
4,950.0000
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
4,750 SF
Lot
0.53 ac (23,087 SF)
Zoning code
C-C
APN
1-0386084
UPID
US71-0701000
Jurisdiction
JACKSON
Zoning & alternative use
C-C · Medford, ORZoning C-C · permitted uses
C-C · Medford, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
hape a Vibrant and Exceptional City” Lausmann Annex • 200 South Ivy Street • Medford OR 97501 Phone (541)774-2380 • fax (541)618-1708 www.ci.medford.or.us CITY OF MEDFORD PLANNING DEPARTMENT 10.328 Community Commercial, C-C. The C-C district provides land for the devel opment of commercial facilities servicing the shopping needs of the community and is ty pically comprised of community shopping centers. All uses, except as noted in section
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
806.49 ac
Source
PLANNING DEPARTMENT
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$755,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$985,000
COMMERCIAL (GENERAL)
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$770,000
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
0.53 ac
Current owner
From public records · entity-resolved
Lithia Real Estate INC
Entity
Mailing address
150 N BARTLETT ST, MEDFORD, OR 97501-6032
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2022
$820,000
Lithia Real Estate INC
James R Geiger
Warranty Deed
—
Dec 27, 2018
—
Geiger,james R Trust
—
Deed
related
$1,309,063 · Peoples Bk/commerce
Oct 16, 2018
—
Geiger,james R Trust
—
Deed
related
$930,000 · Evergreen Busn Cap
Nov 15, 2016
—
Geiger,james R Trust
—
Deed
related
$1,156,000 · Peoples Bk/commerce
Apr 13, 1994
$150,000
Geiger,james R Trustee
Buck,robert H
Grant Deed
related
—
Feb 8, 1993
—
Robert H Buck
Buck,robert H
Grant Deed
related
—
May 29, 1992
—
Robert H Buck
Buck,robert H
Grant Deed
related
—
Nov 19, 1985
—
Buck,robert H
Buck,robert H
Grant Deed
related
—
May 24, 1985
—
Buck,robert H
Cox,robert W
Grant Deed
related
—
Jan 3, 1984
$300,000
Cox,robert W Etal
—
Grant Deed
related
—
—
—
Geiger,james R & Brenda J Trust
—
Deed Of Trust
related
$200,000 · Peoples Bank Of Commerce
—
—
Geiger,james R Trust
—
Loan Modification
related
$1,309,063 · Peoples Bk/commerce
—
—
Geiger,james R Trust
—
Deed Of Trust
related
$1,156,000 · Peoples Bk/commerce
—
—
Geiger,james R Trust
—
Deed Of Trust
related
$930,000 · Evergreen Busn Cap
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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