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    OFF-MARKET
    Medical Office Space

    499 Chestnut St, Ashland, OR 97520-1546

    1,688 SF 0.32 ac lot
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US71-0743548
    Property summary
    AI-generated overview

    This 1,688 square foot office building in Ashland, Oregon, presents a compelling investment opportunity. Located at 499 Chestnut Street, this single-story structure sits on a 0.32-acre lot and boasts four parking spaces, including disability access. Extensively renovated in 2000, the property features a common reception area, multiple private offices, consultation spaces, an administrative office, ADA-compliant bathroom, kitchen area, break room, and additional potential workstations. A sizable basement provides ample storage. The building includes a new AC unit and is situated on a well-landscaped lot with potential for expansion. The property is ideally located near Ashland Community Hospital. Two tenant spaces are currently leased on a month-to-month basis. This versatile space is suitable for a variety of uses, including medical, dental, or general professional offices, and could potentially be converted for residential use. The asking price is $395,000, with a price per square foot of $234. Much of the existing furniture and equipment is available for purchase.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Total area 1,688 SF
    Lot 0.32 ac (13,939 SF)
    Zoning code R-2
    APN 1-0057100
    UPID US71-0743548
    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
    • Hersch Steven MD Physician
    • Meducation PC Physician
    • Mark S. Adams, DC Alternative Medicine Practice
    • Adams Chiropractic Alternative Medicine Practice
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Chestnut Ashland LLC · 1 yrs held
    Chestnut Ashland LLC
    since 2025
    Last sale
    $358,000
    5 recorded transactions
    2025
    $358,000
    2020
    2013
    $290,000
    1999
    $179,000
    1969
    Zoning & alternative use
    R-2 · Ashland, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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