601 Crater Lk Ave Medford, OR 97504-6522
Property profile & analytics
601 Crater Lk Ave Medford, OR 97504-6522
- Banks
- 19,548 SF
- 2.09 lot acres
Property ID
US71-0879516
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by 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
Property Details for 601 Crater Lk Ave
- Lot size
- 2.09 lot acres
- Property size
- 19,548 SF
- Zone code
- C-C
- Property type
- Banks
- APN
- 1-0329951
- APU
- 10329951
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $470,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $907,000
Market price range: $694k - $1.52M -
Alternative Use
- Use
- Estimation
- FINANCIAL BUILDING
- $1,105,000 Current use
- WAREHOUSE, STORAGE
- $1,035,000 Change: -6% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $925,000 Change: -16% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.863
- Latitude
- 42.3353
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$57,048
$859,580
$2,965,530
$3,825,110
-
$2,445,630
$3,353,790
$5,799,420
