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    Property profile & analytics
    OFF-MARKET Estimated value $690,000
    Banks

    601 Crater Lk Ave, Medford, OR 97504-6522

    19,548 SF 2.09 ac lot
    Trust Owned 32-yr Hold Absentee Owner Free & Clear
    Property ID
    US71-0879516
    Property summary
    AI-generated overview

    This exceptional 10,160-square-foot office space, located at 601 Crater Lake Avenue in Medford, Oregon (97504), presents a unique investment opportunity. Situated on the lower level of a Class A building (built in 1994, renovated in 2022) beneath Chase Bank, this property boasts a desirable East Medford location within the C-C zoned area (APN 10329951). The space features a versatile layout including five private offices, three large open areas ideal for coworking, a conference room, separate men's and women's restrooms (one with a changing room), a file vault, a dedicated data room, ample storage, and a kitchenette. The lower level is accessible via both an interior staircase and an exterior door, potentially ADA accessible. The property offers abundant natural light from windows on nearly all sides, two private entrances, and 42 parking spaces. The total building encompasses 39,096 square feet across two suites on 1.98 acres (86,249 sq ft lot). Property taxes are $0.12 per square foot. The building has public power but no elevators. This high-traffic location benefits from a long-term professional tenant. Potential tenant improvements (TI) are allowable, contingent on lease terms, and grant money for ADA conversion may be available. Lease terms are NNN. Prospective tenants are responsible for conducting their due diligence. The space is adaptable, allowing for division into smaller suites to accommodate mixed uses. The landlord may contribute to build-outs or improvements, depending on the lease terms.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Total area 19,548 SF
    Lot 2.09 ac (91,040 SF)
    Zoning code C-C
    APN 1-0329951
    UPID US71-0879516
    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
    • Chase Mortgage Loan Service Bank
    • Chase Bank Bank Loan Service
    • Chase ATM Atm
    • Chelsea McCollum - Chase Home Lending Advisor - NMLS ID 1112460 Loan Service Bank
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $470k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $908k
    Blend (final) Blend
    $690k
    Owner & transaction history
    Prentice,robert T Trustee · 32 yrs held
    Prentice,robert T Trustee
    since 1994
    1 recorded transaction
    1994
    Zoning & alternative use
    C-C · Medford, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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