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Property profile & analytics
OFF-MARKET
Estimated value
$4,745,000
Strip malls
51 Stewart Ave, Medford, OR 97501-7924
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-1873567
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Total area
23,283 SF
Lot
7.56 ac (329,314 SF)
Zoning code
C-R
APN
1-0378578
UPID
US71-1873567
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
-
Domino's Pizza Take-out & Catering
-
ATM Atm
-
Southside Beverage Shop (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
LibertyX Bitcoin ATM Atm
-
SouthSide Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.75M
Owner & transaction history
Tera R Mayhill · 6 yrs held
Tera R Mayhill
since 2019
7 recorded transactions
Zoning & alternative use
C-R · Medford, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.3M
+30.0%
Medical building
$5.9M
+21.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Medford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,735,000
6.5%
$5,295,000
7%
$4,915,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,835,000
Current use
RESTAURANT
$6,285,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$5,880,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,195,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$4.75M
Range $4.27M – $5.22M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$204 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$188,095
Tax year 2023
Assessed value
$12,611,970
Assessed 2023
Previous assessed
$12,244,640
+3.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$4,789,310
Assessed improvement
$7,822,660
Land market value
$12,895,130
Improvement market value
$8,846,490
Total market value
$21,741,620
Applied tax rate
4,950.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Heating
NONE
Total area
23,283 SF
Lot
7.56 ac (329,314 SF)
Zoning code
C-R
APN
1-0378578
UPID
US71-1873567
Jurisdiction
JACKSON
Zoning & alternative use
C-R · Medford, OR
Zoning C-R · permitted uses
C-R · Medford, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Medford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.8M
RESTAURANT
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Lot
7.56 ac
Current owner
From public records · entity-resolved
Tera R Mayhill
Individual
Free & Clear · 6 yrs held
Mailing address
1219 NE 152ND ST, SHORELINE, WA 98155-7137
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2019
—
Tera R Mayhill
Mccoy Debra S
Quit Claim Deed
related
—
Feb 14, 2017
—
Read Holdings LLC
—
Deed
related
$12,500,000 · First Republic Bk
May 15, 2015
—
Heathere Johnson
Johnson Malcolm F
Quit Claim Deed
—
Oct 13, 2006
—
Griffin,itha Family Trust
Boyd,nathum
Grant Deed
—
Aug 17, 2006
—
Nathum Boyd
Boyd,stefanie
Quit Claim Deed
—
Dec 29, 2005
—
Sharis Management Corp
—
Deed Of Trust
related
$38,550,000 · Wells Fargo Foothill INC
Sep 6, 2005
—
Malcolm Johnson
Griffin,itha H
Warranty Deed
—
Jan 18, 2005
$497,945
Read Investments
Howe,rex C
Warranty Deed
—
Dec 2, 2004
—
Sharis Management Corp
—
Deed Of Trust
related
$30,000,000 · Fleet National Bank
Jun 1, 2001
$175,000
Read Investments
Skinner,gay I
Grant Deed
—
Sep 14, 1998
$100,000
Read Investments
Guyton,mildred K
Grant Deed
—
May 23, 1991
—
Itha Skinner Gay
Skinner,gay Itha
Grant Deed
related
—
Apr 29, 1991
—
Itha Skinner Gay
Howe,thelma Trena
Grant Deed
related
—
Apr 16, 1991
—
Thelma Trena Howe
Howe,thelma Trena
Grant Deed
related
—
Nov 22, 1982
—
Heard,cathryn
—
Deed Of Trust
related
—
—
—
Read Holdings LLC
—
Deed Of Trust
related
$12,500,000 · First Republic Bk
—
—
Read Holdings LLC
—
Deed Of Trust
related
$12,500,000 · First Republic Bk
—
—
Grocery Outlet INC
—
Deed Of Trust
related
$175,000 · Societe Generale
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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