Property profile

6022 Crater Lk Ave Medford, OR 97502

OFF-MARKET
Warehouses
Property ID
US71-0919509
7,200 SF 0.38 ac lot Built 2005
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional opportunity presents the chance to acquire both a thriving, established business and a unique, purpose-built commercial property in Central Point, Oregon. Located at 6022 Crater Lake Ave, this 9,600 square foot facility, built in 2005, sits on a 0.38-acre lot and boasts a remarkable 90,000-gallon, heated, indoor saline pool. The two-story building features a ground floor encompassing a retail store with ample shelving and display space, efficient locker rooms, showers, waiting areas, gear storage, and a hydrostatic testing and refilling station with direct access to tank storage. The upper level includes a large event space, classroom, storage room, and a private owner's suite with a full kitchen and laundry facilities. The property is zoned GC and offers diverse revenue streams including swim lessons (infant to adult), retail sales and repairs, parties and events, hydrostatic testing, tank refilling, and guided scuba trips (domestic and international). The pool's design, ranging from 4-6 feet shallow to a dramatic 12-foot drop-off, caters to a wide range of aquatic activities, from swimming lessons to scuba training. This turnkey operation is priced at $1,350,000 ($140.62/sq ft) and represents a rare opportunity to own a profitable business and a one-of-a-kind property in a growing market serving a population exceeding 250,000. The clear-span steel frame building is well-maintained and includes a new, noise-reducing air compressor housed separately. This is an exceptional investment opportunity in a desirable location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2005
Total area 7,200 SF
Lot 0.38 ac (16,553 SF)
Zoning code GC
APN 1-0904476
UPID US71-0919509

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
  • (Bike/Boat/Book/etc) Store

Location

6022 Crater Lk Ave Medford, OR 97502-9414
Medford metro Census 1301 MEDFORD, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$643k
Blend (final) Blend
$530k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2004
$75,500
1999
$44,900
1999
$44,900
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GC · Medford, OR
Top alternative use upside
Industrial (general) $700,000 +4.1%

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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