Property profile

601 Crater Lake Ave Medford, OR 97504

FOR SALE
Banks
Property ID
US71-0879516
19,548 SF 2.09 ac lot
Trust Owned 32-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Loan Service Bank
  • Bank Loan Service
  • Atm
  • Loan Service Bank

Location

601 Crater Lake Ave Medford, OR 97504
Medford metro Census 502 MEDFORD, OR METROPOLITAN STATISTICAL AREA
Google Maps

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

since 1994
1 recorded transaction
1994
Price N/A

Zoning & alternative use

C-C · Medford, OR
Zoning description

hape a Vibrant and Exceptional City” Lausmann Annex • 200 South Ivy Street • Medford OR 97501 Phone (541)774-2380 • fax (541)618-1708 www.ci.medford.or.us CITY OF MEDFORD PLANNING DEPARTMENT 10.328 Community Commercial,…

General category COMMERCIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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