Property profile

518 Washington St 1 Ashland, OR 97520

FOR LEASE
Office Spaces
Property ID
US71-1903561
4,410 SF 0.14 ac lot Built 2004
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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518 Washington St,Unit 1, Ashland, OR 97520 For Lease
$3,750/Mo 2,700 SF available
518 Washington St,Unit 1, Ashland, OR 97520
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Property summary

AI-generated overview

This exceptional 2,725 square foot medical office suite is located at 518 Washington Street, Ashland, Oregon, 97520. Situated on a 0.14-acre lot, this Class B building offers a single-tenant occupancy within a larger 4,220 square foot building constructed in 2004 and renovated in 2012. The property features ample parking with 50+ spaces. The building is a two-story structure with no elevators. The zoning is C1. The property's Assessor's Parcel Number (APN) is 1-096896-1. Taxes are $1.97 per square foot. This prime location near Ashland Street presents a fantastic opportunity for medical professionals seeking a well-maintained and conveniently located space. The property is currently vacant and offers a significant opportunity for a new tenant. Free rent or lease incentives may be available to qualified tenants on a term lease. This is an ideal space for a growing medical practice seeking to establish or expand its presence in the thriving Ashland community. The property's convenient location and ample parking make it an attractive option for both patients and staff.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2004
Total area 4,410 SF
Lot 0.14 ac (6,098 SF)
Zoning code E-1
APN 1-0968961
UPID US71-1903561

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
  • Alternative Medicine Practice
  • Law Firm
  • Alternative Medicine Practice
  • Architect
  • Crisis Center Medical Clinic

Location

518 Washington St, Unit 1 Ashland, OR 97520
Ashland metro Census 1801 MEDFORD, OR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$700k
Comparable Approach Comparable
$618k
Blend (final) Blend
$665k

Owner & transaction history

since 2019
5 recorded transactions
2019
$815,000
2016
$750,000
2003
$150,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

E-1 · Ashland, OR
Zoning description

In the E-1 zone, uses within 200 feet of a residential zone require CU permit Commercial Excavation and Removal of Sand, Gravel, Stone, Loam, Dirty or Other Earth Products N N N N CU+ S N N N N Sec. 18.2.3.070 Concrete o…

General category OPEN_SPACE

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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