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Property profile & analytics

501 Airport Rd Medford, OR 97504

  • Warehouses
  • 35,460 SF
  • 4.16 lot acres
For Sale
Last Sale
Jul 26, 2024
Value Estimations
Cap Rate Potential
Location Intelligence
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.

Current Use by Public Records

  • Columbia Distributing / Beverage Distributor
  • 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
    Market price range: $2.02M - $4.54M
    AI Estimate
    $3,333,000
    Market 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 valuation — 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
More about this property
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