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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    640 Mason Way Medford, OR 97501-1340

    • Warehouses
    • 17,200 SF
    • 1.68 lot acres
    OFF-MARKET
    Last Sale
    Feb 15, 2024
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0638635
    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.

    Current Use by Public Records

    • OVS - Orchard & Vineyard Supply / Agricultural Product Wholesaler / Fence Supply Store

    Property Details for 640 Mason Way

    Lot size
    1.68 lot acres
    Property size
    17,200 SF
    Zone code
    LI
    Property type
    Warehouses
    APN
    1-0487456
    APU
    10487456

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $358,000
      Market price range: $359k - $735k

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.898
    Latitude
    42.3486
    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
    $5,078
    $211,160
    $187,460
    $398,620
    -
    $545,480
    $554,940
    $1,100,420

    Comparable in this City

    • Value Estimation
      $565,000
      36,500 SF

      3071 Samike Dr

      MINI-WAREHOUSE, STORAGE • 36,500 SF
      3071 Samike Dr, Medford, OR 97501-8781
      View Details
    • Value Estimation
      $365,000
      9,900 SF

      5 Stage Rd

      WAREHOUSE, STORAGE • 9,900 SF
      5 Stage Rd, Medford, OR 97501-8729
      View Details
    • Value Estimation
      $515,000
      41,376 SF

      2012 Kingswood Dr

      MINI-WAREHOUSE, STORAGE • 41,376 SF
      2012 Kingswood Dr, Medford, OR 97501-1891
      View Details
    • Value Estimation
      $450,000
      22,000 SF

      111 Taft St

      WAREHOUSE, STORAGE • 22,000 SF
      111 Taft St, Medford, OR 97501-2366
      View Details
    • Value Estimation
      $625,000
      56,295 SF

      410 Earhart St

      MINI-WAREHOUSE, STORAGE • 56,295 SF
      410 Earhart St, Medford, OR 97501-7828
      View Details
    • Value Estimation
      $515,000
      28,560 SF

      753 Grape St

      WAREHOUSE, STORAGE • 28,560 SF
      753 Grape St, Medford, OR 97501-3627
      View Details

    Similar Nearby for Sale

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      41,071 SF

      Medford Industrial Cold Storage Facility

      Vacant 41,071 SF Cold Storage Warehouse
      663 Grape St, Medford, OR 97501
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    • New
      $445,000
      Pending

      Medford Industrial Building with Offices

      Industrial building with warehouse and office space in Medford, Oregon.
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    • $2,950,000
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      Medford Warehouse: Prime Industrial Space

      Vacant 50,600 SF Warehouse, $2.95M
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    • Contact for pricing
      29,775 SF

      Medford Warehouse with Updated Lighting

      High-ceiling warehouse building featuring updated lighting in Medford, Oregon.
      715 S Grape St, Medford, OR 97501
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    • $1,100,000
      2.90 Acres

      Medford Mixed-Use Development Opportunity

      2.90-acre property with mixed-use facility and development potential.
      824 N Riverside Ave, Medford, OR 97501
      View Details
    • $1,100,000
      2.90 Acres

      Mixed-Use Property in Medford, Oregon

      2.9-acre property with mixed-use facility and development potential.
      824 N Riverside Ave, Medford, OR 97501
      View Details

    Similar Nearby for Lease

    • $1,395,000
      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
    • $1,995 /Mo
      74,923 SF

      Medford Warehouse and Office Space

      Versatile warehouse and office space in a prime Medford location.
      114 N Ross Ln, Medford, OR 97501
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    • $8 SF/Yr
      8,766 SF

      Medford Warehouse: 8,766 SF

      Spacious Medford warehouse, ideal for various uses.
      820 Central Ave, Medford, OR 97501
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    • $325 /Mo
      42,253 SF

      Medford Flex Space For Rent

      Flex space with office, conference room, and secured parking.
      562 Parsons Dr, Medford, OR 97501
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    • $325 /Mo
      42,253 SF

      Industrial Space in Medford, Oregon

      Industrial property with office space, security, and convenient location.
      562 Parsons Dr, Medford, OR 97501
      View Details
    • Contact for pricing
      1 SF

      Macy's Pad, Medford Retail Space

      Prime Medford Retail Outparcel Pad
      1800 Riverside Ave, Medford, OR 97501
      View Details
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    640 Mason Way
    Medford, OR 97501-1340
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    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
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