Property profile

501 Airport Rd Medford, OR 97504

FOR LEASE
Warehouses
Property ID
US71-0197106
35,460 SF 4.16 ac lot
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A industrial property, located at 501 Airport Road in Medford, Oregon, presents a rare opportunity. The 70,000 square foot warehouse, built in 1983, sits on a generous 5.43-acre lot (including an adjacent 1.27-acre parcel) and is zoned I-L. The building boasts a single-tenant occupancy, currently operating as a warehouse and distribution center. Features include 25-foot clear ceiling heights, providing ample vertical space for storage and operations. Eleven loading docks ensure efficient loading and unloading of goods. The property also includes approximately 14,000 square feet of well-appointed office space, ideal for administrative functions. A significant asset is the 1,728 square foot refrigerated cooler room, suitable for temperature-sensitive goods. The property further benefits from a large, fully fenced, and paved yard area, providing ample space for outdoor storage or maneuvering. Its strategic location adjacent to Costco and near the Central Point I-5 interchange offers excellent access to major transportation routes. Note that the current tenant requires relocation time. The APN is 10701238. This property is ideal for owner-occupiers or investors seeking a high-quality industrial asset in a prime Medford location. The potential for future expansion with the adjacent parcel adds significant long-term value.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Total area 35,460 SF
Lot 4.16 ac (181,210 SF)
Zoning code I-L
APN 1-0701238
UPID US71-0197106

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Distribution Center
  • Corporate Office

Location

501 Airport Rd Medford, OR 97504
Medford metro Census 1200 MEDFORD, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.23M
Comparable Approach Comparable
$4.54M
Blend (final) Blend
$4.03M

Owner & transaction history

since 2024
6 recorded transactions
2024
Price N/A
2020
$6.2M
2017
$10,743
1987
$1.8M
1984
Price N/A
1982
$290,990

Zoning & alternative use

I-L · Medford, OR
Zoning description

The I-L district provides land for warehouse, office, and low intensity industrial uses in areas near residential and commercial zones. It is intended for industrial uses which involve the lowest level of noise, vibratio…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $6.0M +92.9%
Auto repair, garage $5.7M +83.2%
Retail stores $5.6M +80.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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