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Property profile & analytics
OFF-MARKET Estimated value $635,000
Office Spaces

510 Crater Lk Ave Medford, OR 97504

5,210 SF 0.34 ac lot
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US71-0393019
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Total area 5,210 SF
Lot 0.34 ac (14,810 SF)
Zoning code C-C
APN 1-0330398
UPID US71-0393019
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$570k
CAP Approach CAP
$830k
Comparable Approach Comparable
$740k
Blend (final) Blend
$635k
Owner & transaction history
Alexander Assets LLC · 1 yrs held
Alexander Assets LLC
since 2025
Last sale
$622,000
7 recorded transactions
2025
$622,000
2024
$130,000
2024
Price N/A
2018
Price N/A
2015
Price N/A
2011
Price N/A
2009
Price N/A
Zoning & alternative use
C-C · Medford, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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