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Property profile & analytics
FOR LEASE
Office Spaces
4801 Biddle Rd, Central Point, OR 97502
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1644974
For Lease
1 / 40
$16 SF/Yr
4801 Biddle Rd, Central Point, OR 97502
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Property summary
AI-generated overview
This exceptional 2,800 square foot office space is situated within a Class A, two-story building constructed in 2018. Located at 4801 Biddle Road #206 in Central Point, Oregon, this property offers a highly visible location with excellent frontage on Biddle Road. The space boasts abundant natural light and tall ceilings, providing a flexible and easily divisible open layout. Currently a warm shell, it's ready for immediate tenant improvements. The second-floor suite is easily accessible via a direct elevator and two staircases. The building features a total of 13,910 square feet across three suites, with 55 total parking spaces available. The 1.21-acre property is zoned C4 and is conveniently located less than half a mile from I-5 access, near Costco, and approximately 1.3 miles from the Rogue Valley International Airport. This versatile space is suitable for various office uses, including medical, traditional, executive, and creative office settings. The property's prime location and modern amenities make it an attractive opportunity for businesses seeking a high-quality, visible, and adaptable workspace. The APN is 11005032, and the Jackson County location offers easy access to major transportation routes and amenities.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2021
Total area
13,910 SF
Lot
1.21 ac (52,708 SF)
APN
1-1005032
UPID
US71-1644974
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
by Request
CAP Approach
CAP
$2.22M
Comparable Approach
Comparable
$2.98M
Blend (final)
Blend
$2.53M
Owner & transaction history
Tall Lite Properties LLC · 5 yrs held
Tall Lite Properties LLC
since 2020
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+85.9%
Medical building
$3.5M
+73.9%
Neighborhood: shopping center
$2.9M
+43.0%
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 Central Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Central Point 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,400,000
6.5%
$2,215,000
7%
$2,055,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,020,000
Current use
RESTAURANT
$3,755,000
Change: +86% · Conversion: Difficult
MEDICAL BUILDING
$3,510,000
Change: +74% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,890,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,250,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$2,210,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$2.53M
Range $2.28M – $2.78M · ±10%
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
$182 / 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
$39,461
Tax year 2023
Assessed value
$2,293,180
Assessed 2023
Previous assessed
$2,226,390
+3.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$647,810
Assessed improvement
$1,645,370
Land market value
$990,060
Improvement market value
$2,544,400
Total market value
$3,534,460
Applied tax rate
4,949.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2021
Heating
NONE
Buildings
3
Total area
13,910 SF
Lot
1.21 ac (52,708 SF)
APN
1-1005032
UPID
US71-1644974
Jurisdiction
JACKSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.0M
RESTAURANT
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
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
Year built
2021
Heating
NONE
Buildings
3
Lot
1.21 ac
Current owner
From public records · entity-resolved
Tall Lite Properties LLC
Entity
Mailing address
123 MONTEREY DR, MEDFORD, OR 97504-9330
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2020
—
Tall Lite Properties LLC
—
Deed
related
$2,000,000 · First Interstate Bank
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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