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Property profile & analytics
FOR LEASE
Distribution centers
5409 Bierson Way Medford, OR 97502
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0211492
For Lease
1 / 6
$1,185,000
5409 Bierson Way, Medford, OR 97502
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2000
Total area
10,500 SF
Lot
0.65 ac (28,314 SF)
Zoning code
AD-MU
APN
1-0886618
UPID
US71-0211492
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
-
Girodat Construction Construction Company General Contractor
-
PRM Products Inc Car Dealership Motorcycle Shop
-
Royal Coffee Roasting HQ Cafe & Coffee Shop Specialty Food Shop
-
Oregon Clear, LLC (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.17M
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$932k
Blend (final)
Blend
$1.19M
Owner & transaction history
B Block LLC · 3 yrs held
B Block LLC
since 2023
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
AD-MU · Medford, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+72.9%
Retail stores
$1.7M
+69.9%
Commercial (general)
$1.5M
+55.2%
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
$1,160,000
ML approach
$1,170,000
CAP Approach
CAP Return
Estimation
6%
$1,355,000
6.5%
$1,250,000
7%
$1,160,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$985,000
Current use
AUTO REPAIR, GARAGE
$1,700,000
Change: +73% · Conversion: Easy
RETAIL STORES
$1,670,000
Change: +70% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,525,000
Change: +55% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,020,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $1.30M (Feb 1 2023)
Last sale anchor
$1.30M
Feb 1 2023
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
$113 / 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
$9,994
Tax year 2023
Assessed value
$676,330
Assessed 2023
Previous assessed
$656,640
+3.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$119,530
Assessed improvement
$556,800
Land market value
$172,180
Improvement market value
$802,080
Total market value
$974,260
Applied tax rate
635.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
2000
Heating
NONE
Total area
10,500 SF
Lot
0.65 ac (28,314 SF)
Zoning code
AD-MU
APN
1-0886618
UPID
US71-0211492
Jurisdiction
JACKSON
Zoning & alternative use
AD-MU · Medford, OR
Zoning AD-MU · permitted uses
AD-MU · 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
WAREHOUSE, STORAGE Current
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (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
Year built
2000
Heating
NONE
Lot
0.65 ac
Current owner
From public records · entity-resolved
B Block LLC
Entity
Mailing address
25 N KEENE WAY DR, MEDFORD, OR 97504-7009
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2023
$1,300,000
B Block LLC
Deborah Phillips
Warranty Deed
$1,200,000 · Deborah Phillips
Feb 4, 2010
—
Daniel Phillips
Phillips D & D Living Trust
Quit Claim Deed
related
—
Nov 4, 2009
—
Casebros LLC
Casebier Clarence A Trust
Quit Claim Deed
related
—
Jul 23, 1999
$95,000
Daniel M Phillips
Bendickson,lloyd A
Grant Deed
$325,500 · Valley Of The Rogue Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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