Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    617 Riverside Ave Medford, OR 97501-7835
    Back to Search
    Property profile & analytics

    617 Riverside Ave, Medford, OR 97501-7835

    View on Map
    • Car washes
    • 2,280 SF
    • 0.57 lot acres
    Off-Market
    Last Sale Feb 26, 2026
    $500,000
    Property ID
    US71-0535528
    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.
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sunset Inn Motel / Hotel & Motel

    Property Details for 617 Riverside Ave

    Lot size
    0.57 lot acres
    Zone code
    C-G
    Property type
    Car washes
    APN
    1-0377948
    APU
    10377948

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 26, 2026 $500,000 Sultan Enterprise LLC Ahmed Enterprise 2 LLC Warranty Deed $200k · Pacwest Funding INC
    May 15, 2023 $726,000 Ahmed Enterprise 2 LLC Dennis G Weiler Warranty Deed $469k · Pacwest Funding INC
    Mar 21, 2018 — Weiler Family Trust Weiler Dennis G Trust Quit Claim Deed · related —
    Oct 28, 2004 — Weiler,dennis G Trust Weiler,dennis G & Marlene M Quit Claim Deed · related —
    Dec 12, 1986 $115,000 Weiler,dennis G Bank Of Calif & NA Trustee Grant Deed · related —
    Dec 12, 1986 — — Weiler,dennis G Grant Deed · related —
    — — Weiler,dennis G Living Trust — Deed Of Trust · related $465k · Peoples Bank Of Commerce
    — — Dennis G Weiler — Deed Of Trust · related $250k · Premierwest Bank

    Description

    This Medford, Oregon commercial property at 617 S Riverside Ave offers 4,942 square feet of space across two buildings situated on a 5.7-acre lot. Built in 1960, the property features a main building with upstairs and downstairs offices, a waiting area, restrooms, a coffee shop space, and a drive-through garage/tunnel. Four roll-up doors provide excellent access for large vehicles. The property's high visibility and high traffic count on South Riverside Avenue make it ideal for a variety of uses, including a car wash, auto detailing shop, mechanic's garage, tire shop, or multi-purpose commercial operation. The property is a single-tenant space located in Jackson County, Oregon, with a 97501 zip code. The property is available for lease. All due diligence is the responsibility of the prospective tenant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $650,000
      ML approach
      $585,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $514,000
      Market price range: $209k - $660k
      AI Estimate
      $347,000
      Market price range: $102k - $404k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $370,000
      Current use
      MEDICAL BUILDING
      $575,000
      Change: +56% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $475,000
      Change: +28% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $410,000
      Change: +11% Conversion: Moderate
      RETAIL STORES
      $365,000
      Change: -2% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.866
    Latitude
    42.3212
    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
    $8,627
    $300,450
    $278,020
    $578,470
    -
    $667,000
    $268,160
    $935,160

    Comparable in this City

    • Value Estimation by Request
      1,850 SF

      54 Lozier Ln

      CAR WASH
      54 Lozier Ln, Medford, OR 97501-2148
      View Details
    • Value Estimation by Request
      2,000 SF

      3444 Pacific Hwy

      CAR WASH
      3444 Pacific Hwy, Medford, OR 97501-8818
      View Details
    • Value Estimation by Request
      2,100 SF

      3072 Samike Dr

      CAR WASH
      3072 Samike Dr, Medford, OR 97501-8700
      View Details
    • Value Estimation by Request
      2,160 SF

      1134 Ct St

      CAR WASH
      1134 Ct St, Medford, OR 97501-5730
      View Details
    • Value Estimation by Request
      2,160 SF

      1132 Ct St

      CAR WASH
      1132 Ct St, Medford, OR 97501-5730
      View Details
    • Value Estimation
      $635,000
      3,260 SF

      501 Matt Loop

      CAR WASH
      501 Matt Loop, Medford, OR 97501-8817
      View Details

    Similar Nearby for Sale

    • $635,000
      4,448 SF

      Medford Automotive Investment Opportunity

      Leased automotive building with income and business potential on 0.54-acre.
      1250 W Mcandrews Rd, Medford, OR 97501
      View Details
    • $295,000
      694 SF

      Medford Commercial Opportunity For Sale

      High-traffic location ideal for retail or service-based business.
      420 S Central Ave, Medford, OR 97501
      View Details
    • Contact for pricing
      1,152 SF

      Riverside Avenue Automotive Garage

      Secured lot with automotive garage near downtown Medford.
      712 N Riverside Ave, Medford, OR 97501
      View Details
    • $1,503,400
      51,300 SF

      Versatile Commercial Building in Medford

      51,300 SF building with office, warehouse, and retail space.
      327 S Fir St, Medford, OR 97501
      View Details
    • Contact for pricing
      11,284 SF

      Downtown Medford Retail/Office Space

      Retail/office space with high ceiling storage in downtown Medford.
      765 S Riverside Ave, Medford, OR 97501
      View Details
    • Contact for pricing
      10,000 SF

      Downtown Medford Retail Opportunity

      5,000 SF retail space in Medford's Central Business District.
      117 N Central Ave, Medford, OR 97501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,500 SF

      Retail Space Near Bi-Mart

      Retail space available in future development near Bi-Mart.
      2699 W Main St, Medford, OR 97501
      View Details
    • $2.00 SF/Yr
      1,450 SF

      Medford Commercial Space For Rent

      Versatile 1,450 SqFt commercial space in high-traffic area.
      1310 Center Dr, Medford, OR 97501
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      1221 Court St, Medford, OR 97501
      View Details
    • Contact for pricing

      Retail Space For Rent

      Flexible retail space available for rent.
      1800 N Riverside Ave, Medford, OR 97501
      View Details
    • Contact for pricing
      3,503 SF

      Retail Space Near Rogue Valley

      Premier retail destination near Rogue Valley Mall.
      165 Rossanley Dr, Medford, OR 97501
      View Details
    • Contact for pricing
      2,985 SF

      Retail Space Near Rogue Valley

      Premier retail destination near Rogue Valley Mall.
      55 Rossanley Dr, Medford, OR 97501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    617 Riverside Ave
    Medford, OR 97501-7835
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    617 Riverside Ave, Medford, OR, 97501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!