Property profile

503 Airport Rd Medford, OR 97504

OFF-MARKET
Office Spaces
Property ID
US71-0201221
23,998 SF 3 ac lot
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Total area 23,998 SF
Lot 3 ac (130,680 SF)
Zoning code I-L
APN 1-0759448
UPID US71-0201221

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
  • Pharmacy
  • Crisis Center Medical Clinic
  • Counselor
  • Physician Medical Clinic
  • Counselor

Location

503 Airport Rd Medford, OR 97504-4159
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
by Request
Comparable Approach Comparable
$4.09M
Blend (final) Blend
$4.04M

Owner & transaction history

since 2018
7 recorded transactions
2018
$4.0M
1999
Price N/A
1999
$1.8M
1998
$1.5M
1996
$1.7M
1995
$1.8M
1987
$150,000

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
Neighborhood: shopping center $5.0M +21.9%

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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