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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Office Spaces
573 Parsons Dr Medford, OR 97501-3794
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0570341
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Total area
5,632 SF
Lot
0.92 ac (40,075 SF)
Zoning code
I-G
APN
1-0803525
UPID
US71-0570341
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
$1.25M
CAP Approach
CAP
$895k
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.25M
Owner & transaction history
Puerta 573 LLC · 1 yrs held
Puerta 573 LLC
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
I-G · Medford, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+49.8%
Medical building
$1.4M
+40.1%
Neighborhood: shopping center
$1.2M
+15.2%
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
$1,250,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
$970,000
6.5%
$895,000
7%
$835,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,015,000
Current use
RESTAURANT
$1,520,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$1,420,000
Change: +40% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,170,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$910,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$895,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.25M (Nov 27 2024)
Last sale anchor
$1.25M
Nov 27 2024
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
$222 / 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
$10,773
Tax year 2023
Assessed value
$722,310
Assessed 2023
Previous assessed
$701,280
+3.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$227,460
Assessed improvement
$494,850
Land market value
$397,300
Improvement market value
$760,190
Total market value
$1,157,490
Applied tax rate
4,901.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Heating
NONE
Total area
5,632 SF
Lot
0.92 ac (40,075 SF)
Zoning code
I-G
APN
1-0803525
UPID
US71-0570341
Jurisdiction
JACKSON
Zoning & alternative use
I-G · Medford, OR
Zoning I-G · permitted uses
I-G · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$910,000
RETAIL STORES
Est. value
$895,000
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
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
0.92 ac
Current owner
From public records · entity-resolved
Puerta 573 LLC
Entity
Mailing address
100 E MAIN ST STE A, MEDFORD, OR 97501-6041
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2024
$1,250,000
Puerta 573 LLC
Usda Properties LLC
Warranty Deed
—
Nov 27, 2024
—
Usda Properties LLC
Puerta 573 LLC
Deed
related
—
Jan 20, 2017
—
Usda Properties LLC
—
Deed
related
—
Dec 15, 2016
—
Usda Properties LLC
—
Deed
related
—
Mar 8, 2013
$400,000
Breeze Capital Management LLC
Harris Susanne M Trust
Warranty Deed
$200,000 · Harris Susanne M Tr (pt)
Feb 16, 2001
$181,220
Reginald P Breeze
Hillcrest Corp
Grant Deed
—
—
—
Reginald P Breeze
—
Deed Of Trust
related
$600,000 · Washington Mutual Fsb
—
—
Usda Properties LLC
—
Loan Modification
related
—
—
—
Usda Properties LLC
—
Loan Modification
related
—
—
—
Harris,susanne M Living Trust
—
Deed Of Trust
related
$100,000 · Umpqua 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.
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