501 Airport Rd Medford, OR 97504
Property profile & analytics
501 Airport Rd Medford, OR 97504
- Warehouses
- 35,460 SF
- 4.16 lot acres
Property ID
US71-0197106
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.
Location Intelligence
Current Use by Public Records
- Columbia Distributing / Big Box & Wholesale Store / Distribution Center
- Columbia / Corporate Office
Property Details for 501 Airport Rd
- Lot size
- 4.16 lot acres
- Property size
- 35,460 SF
- Zone code
- I-L
- Property type
- Warehouses
- APN
- 1-0701238
- APU
- 10701238
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,575,000
- 6.5%
- $4,225,000
- 7%
- $3,925,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,538,000
- AI Estimate
- $3,333,000
Market price range: $2.02M - $4.54MMarket price range: $697k - $3.33M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $3,130,000 Current use
- COMMERCIAL (GENERAL)
- $6,040,000 Change: +93% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $5,735,000 Change: +83% Conversion: Easy
- RETAIL STORES
- $5,640,000 Change: +80% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $3,455,000 Change: +10% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.885
- Latitude
- 42.3711
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$65,918
$1,634,470
$2,785,430
$4,419,900
-
$1,927,410
$3,284,700
$5,212,110
