510 Crater Lk Ave, Medford, OR 97504
- Office Spaces
- 5,210 SF
- 0.34 lot acres
Current Use by Public Records
- Office Spaces
Property Details for 510 Crater Lk Ave
- Lot size
- 0.34 lot acres
- Zone code
- C-C
- Property type
- Office Spaces
- APN
- 1-0330398
- APU
- 10330398
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 16, 2025 | $622,000 | Alexander Assets LLC | Vvp Properties LLC | Warranty Deed | $498k · Evergreen Fsla |
| Jan 10, 2024 | $130,000 | Vvp Properties LLC | Stephen L Mccandless | Deed | — |
| Jan 10, 2024 | — | Vvp Properties LLC | Narianne Mccarney | Bargain And Sale Deed | $175k · Windermere Van Vleet & Associates I |
| Sep 18, 2018 | — | Smith,norma T Trust | Smith,norma | Quit Claim Deed · related | — |
| May 22, 2015 | — | Tricia Baur | Zupan Leo A & Veda V Trust | Warranty Deed | — |
| Nov 16, 2011 | — | Zupan,john & Marilyn Trust | Zupan,john A & Marilyn D | Quit Claim Deed · related | — |
| Dec 30, 2009 | — | Taylor,dirk R Living Trust | Taylor Reba N Trust | Quit Claim Deed · related | — |
| Jan 4, 1995 | — | Taylor,r Ren & Reba N | Taylor,r Ren & Reba N | Grant Deed · related | — |
| Apr 19, 1991 | — | R Ren | Taylor,r Ren & Reba N | Grant Deed · related | — |
Description
This exceptional 5,200 square foot, two-story office building is available for purchase at $674,000 ($129.62/SF). Located at 510 Crater Lake Avenue in Medford, Oregon (97504), this Class B property boasts a convenient location with prominent frontage on a major arterial road, providing excellent signage opportunities. Built in 1979 with various renovations throughout its history, the building sits on a 0.34-acre lot and is currently vacant, presenting a unique opportunity for an owner-user or investor. The property features a flexible design and construction, allowing for diverse uses. Zoned C-C Community Commercial, this versatile space is suitable for a wide range of professional and retail businesses. Ample off-street parking is available for tenants and clients. The building's APN is 1-033039-8. This is a rare opportunity to acquire a well-situated commercial property in a thriving Medford market. The building's flexible zoning and prominent location make it an ideal investment for those seeking a strong return on investment. The property is ready for immediate occupancy and customization to suit the needs of the new owner.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $630,000
- ML approach
- $570,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $900,000
- 6.5%
- $830,000
- 7%
- $770,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $739,000
Market price range: $276k - $983k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $885,000 Current use
- AUTO REPAIR, GARAGE
- $845,000 Change: -5% Conversion: Difficult
- RETAIL STORES
- $830,000 Change: -7% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.862
- Latitude
- 42.3334
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA
