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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Car washes
617 Riverside Ave Medford, OR 97501-7835
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US71-0535528
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Total area
2,280 SF
Lot
0.57 ac (24,829 SF)
Zoning code
C-G
APN
1-0377948
UPID
US71-0535528
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
-
Sunset Inn Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$515k
Blend (final)
Blend
$550k
Owner & transaction history
Sultan Enterprise LLC
Sultan Enterprise LLC
since 2026
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
C-G · Medford, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$575,000
+56.1%
Neighborhood: shopping center
$475,000
+28.4%
Commercial (general)
$410,000
+11.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Medford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$650,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $500k (Feb 26 2026)
Last sale anchor
$500k
Feb 26 2026
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$241 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,627
Tax year 2023
Assessed value
$578,470
Assessed 2023
Previous assessed
$561,630
+3.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$300,450
Assessed improvement
$278,020
Land market value
$667,000
Improvement market value
$268,160
Total market value
$935,160
Applied tax rate
4,901.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Car washes
Use group
CAR WASH
Status
Off-Market
Heating
NONE
Total area
2,280 SF
Lot
0.57 ac (24,829 SF)
Zoning code
C-G
APN
1-0377948
UPID
US71-0535528
Jurisdiction
JACKSON
Zoning & alternative use
C-G · Medford, OR
Zoning C-G · permitted uses
C-G · Medford, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Medford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$370,000
MEDICAL BUILDING
Est. value
$575,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$410,000
RETAIL STORES
Est. value
$365,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Lot
0.57 ac
Current owner
From public records · entity-resolved
Sultan Enterprise LLC
Entity
Mailing address
1780 BELL AVE, SACRAMENTO, CA 95838-2877
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2026
$500,000
Sultan Enterprise LLC
Ahmed Enterprise 2 LLC
Warranty Deed
$200,000 · Pacwest Funding INC
May 15, 2023
$726,000
Ahmed Enterprise 2 LLC
Dennis G Weiler
Warranty Deed
$469,000 · 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
$465,000 · Peoples Bank Of Commerce
—
—
Dennis G Weiler
—
Deed Of Trust
related
$250,000 · Premierwest Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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