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    4316 Hamrick Rd Central Point, OR 97502

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    4316 Hamrick Rd Central Point, OR 97502

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    • Commercial real estate
    • 0.62 lot acres
    Off-Market
    Property ID
    US71-0585867
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4316 Hamrick Rd

    Lot size
    0.62 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional .62-acre commercial lot, located at 4316 Hamrick Road in Central Point, Oregon (zip code 97502), presents a compelling investment opportunity. Currently zoned C-4, this property is ideally suited for the development of an office building catering to service industries or a convenience store. Its prime location offers excellent visibility and accessibility, situated near major commercial anchors such as Costco and the new Amazon warehouse, with convenient access to Interstate 5. The property includes a 2-bedroom, 1-bathroom house and a large shop/garage outbuilding, currently rented month-to-month, adding immediate income potential. The house features a newer roof (5-6 years old). Utilities are accessible to this lot, which is also adjacent to two other commercially zoned parcels (1.93 and 1.94 acres) also available for purchase, creating the potential for a significant commercial corner development. Furthermore, the City of Central Point has indicated the possibility of rezoning the property for R-2 residential lots, offering additional development flexibility. The asking price for this property is $560,000. Jackson County records confirm the lot size as 0.62 acres.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Central Point
    County
    Jackson
    State
    Oregon
    Longitude
    -122.8926193
    Latitude
    42.3796691

    Comparable in this City

    • Contact for pricing

      Central Point Commercial Land Opportunity

      Commercial land available near new Costco development in Central Point.
      4121 Table Rock Rd, Central Point, OR 97502
      View Details
    • $1,010,000

      Land Available on Hamrick Road

      Land for sale with development potential near Biddle Road.
      4286 Hamrick Rd, Central Point, OR 97502
      View Details
    • $3,508,758

      High Exposure Commercial Site

      Commercial site at Central Point Interchange, suitable for various options.
      Peninger Rd, Central Point, OR 97502
      View Details
    • New
      $450,000
      0.28 Acres

      Central Point Commercial Property For Sale

      0.30-acre commercial property with existing structure in Central Point, OR.
      163 S Front St, Central Point, OR 97502
      View Details
    • $175,000
      0.51 Acres

      Central Point Industrial Zoned Lot

      Industrial zoned land with city utilities in Central Point, OR.
      1151 Helicopter Way, Central Point, OR 97502
      View Details
    • Contact for pricing

      Commercial Land Near Costco

      Commercial land available for sale, lease, or build-to-suit.
      4105 Table Rock Rd, Central Point, OR 97502
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Central Point Commercial Land Opportunity

      Commercial land available near new Costco development in Central Point.
      4121 Table Rock Rd, Central Point, OR 97502
      View Details
    • $1,010,000

      Land Available on Hamrick Road

      Land for sale with development potential near Biddle Road.
      4286 Hamrick Rd, Central Point, OR 97502
      View Details
    • $3,508,758

      High Exposure Commercial Site

      Commercial site at Central Point Interchange, suitable for various options.
      Peninger Rd, Central Point, OR 97502
      View Details
    • New
      $450,000
      0.28 Acres

      Central Point Commercial Property For Sale

      0.30-acre commercial property with existing structure in Central Point, OR.
      163 S Front St, Central Point, OR 97502
      View Details
    • $175,000
      0.51 Acres

      Central Point Industrial Zoned Lot

      Industrial zoned land with city utilities in Central Point, OR.
      1151 Helicopter Way, Central Point, OR 97502
      View Details
    • Contact for pricing

      Commercial Land Near Costco

      Commercial land available for sale, lease, or build-to-suit.
      4105 Table Rock Rd, Central Point, OR 97502
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Office Space For Lease

      New construction office space with excellent frontage and visibility.
      4801 Biddle Rd, Central Point, OR 97502
      View Details
    • Contact for pricing

      New Construction Industrial/Warehouse Space

      New industrial/warehouse space available for lease in Medford, OR.
      171 Bateman Dr, Medford, OR 97502
      View Details
    • $1.00 SF/Yr
      24,000 SF

      New Construction Flex Space Available

      New flex space in Medford, completed Fall 2025.
      163 Bateman Dr, Medford, OR 97502
      View Details
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    Central Point, OR 97502
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    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
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