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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Medical Office Space
585 Murphy Rd, Medford, OR 97504-8128
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1842750
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1977
Total area
2,950 SF
Lot
0.49 ac (21,344 SF)
Zoning code
C-S/P
APN
1-0579936
UPID
US71-1842750
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
-
Dr. Julie King, MD Physician
-
King Aesthetics Spa & Massage Center Alternative Medicine Practice
-
King Health & Wellness Medical Clinic
-
Dr. Douglas Smith Physician
-
Southern Oregon Gynecology Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$935k
Blend (final)
Blend
$945k
Owner & transaction history
Sullivan Properties LLC · 5 yrs held
Sullivan Properties LLC
since 2020
Last sale
$930,000
7 recorded transactions
Zoning & alternative use
C-S/P · Medford, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,050,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$610,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$745,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$615,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $930k (Dec 1 2020)
Last sale anchor
$930k
Dec 1 2020
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
$320 / 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
$11,562
Tax year 2023
Assessed value
$775,250
Assessed 2023
Previous assessed
$752,670
+3.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$167,700
Assessed improvement
$607,550
Land market value
$517,340
Improvement market value
$648,600
Total market value
$1,165,940
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1977
Heating
NONE
Total area
2,950 SF
Lot
0.49 ac (21,344 SF)
Zoning code
C-S/P
APN
1-0579936
UPID
US71-1842750
Jurisdiction
JACKSON
Zoning & alternative use
C-S/P · Medford, OR
Zoning C-S/P · permitted uses
C-S/P · 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
MEDICAL BUILDING Current
Est. value
$745,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$615,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1977
Heating
NONE
Lot
0.49 ac
Current owner
From public records · entity-resolved
Sullivan Properties LLC
Entity
Mailing address
5310 BOUNTY LN, CENTRAL POINT, OR 97502-3281
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2020
$930,000
Sullivan Properties LLC
Douglas G Smith
Warranty Deed
—
Feb 21, 2007
—
E & G Property Investments LLC
E & G Property Investments LLC
Quit Claim Deed
—
Jan 5, 2006
—
Douglas G Smith
Diamond Key Builders LLC
Grant Deed
related
—
Sep 6, 2005
$102,240
Diamond Key Builders LLC
Smith,douglas G & Hazel A
Warranty Deed
—
Jun 7, 1995
$330,000
Smith,douglas G & Hazel A
Ross,david A
Grant Deed
related
—
Feb 23, 1995
$155,000
Ross,david A
Ross,david A
Grant Deed
related
—
—
—
Douglas G Smith
—
Deed Of Trust
related
$378,251 · Key Bank & Trust
—
—
Douglas G Smith
—
Deed Of Trust
related
$300,000 · Key Bank & Trust
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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