Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    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
    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 / Specialty Food Shop / Farmer's Market

    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

    • CAP approach

    • Comparable approach

    • Alternative Use

    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
      $790,000
      10,200 SF

      3380 Pacific Hwy

      MINI-WAREHOUSE, STORAGE • 10,200 SF
      3380 Pacific Hwy, Medford, OR 97501-1351
      View Details
    • Value Estimation by Request
      1,000 SF

      1981 Virginia St

      MINI-WAREHOUSE, STORAGE • 1,000 SF
      1981 Virginia St, Medford, OR 97501-1407
      View Details
    • Value Estimation
      $1,075,000
      19,431 SF

      706 Central Ave

      WAREHOUSE, STORAGE • 19,431 SF
      706 Central Ave, Medford, OR 97501-7818
      View Details
    • Value Estimation by Request
      2,566 SF

      2140 Stewart Ave

      MINI-WAREHOUSE, STORAGE • 2,566 SF
      2140 Stewart Ave, Medford, OR 97501-3828
      View Details
    • Value Estimation
      $980,000
      12,950 SF

      3558 Pacific Hwy

      MINI-WAREHOUSE, STORAGE • 12,950 SF
      3558 Pacific Hwy, Medford, OR 97501-8820
      View Details
    • Value Estimation
      $560,000
      7,153 SF

      2012 Kingswood Dr

      MINI-WAREHOUSE, STORAGE • 7,153 SF
      2012 Kingswood Dr, Medford, OR 97501-1891
      View Details

    Similar Nearby for Sale

    • $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
      41,071 SF

      Former Food Processing Facility

      40,000+ SF building with cold and dry storage.
      663 S Grape St, Medford, OR 97501
      View Details
    • $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
    • 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
      View Details
    • New
      $950,000
      5,028 SF

      Medford Commercial Property For Sale

      Versatile commercial property with office, salon, and warehouse space.
      3839 S Pacific Hwy, Medford, OR 97501
      View Details
    • $330,000
      2,016 SF

      Medford Flex Warehouse For Sale

      Flex warehouse in central Medford with versatile commercial potential.
      727 Welch St, Medford, OR 97501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medford Warehouse with Office Space

      Warehouse with reception, offices, roll-up doors, and restrooms.
      820 S Central Ave, Medford, OR 97501
      View Details
    • $1.00 SF/Yr
      2,000 SF

      Downtown Medford Office Space Available

      2000 sq ft office space near downtown revitalization plan.
      145 N Bartlett St, Medford, OR 97501
      View Details
    • New
      $1.00 SF/Yr
      8,338 SF

      Downtown Medford Office Building

      Large, dividable office space near downtown revitalization project.
      145 N Bartlett St, Medford, OR 97501
      View Details
    • $22 SF/Yr
      30,964 SF

      Medford Office Building - For Sale/Lease

      Modern, Class A office space; 30,964 sq ft.
      1 Main St, Medford, OR 97501
      View Details
    • $2,750 /Mo
      2,243 SF

      Medford Retail Space Sublease

      Retail space sublease available in Medford, Oregon.
      522 S Central Ave, Medford, OR 97501
      View Details
    • $12,500 /Mo
      9,170 SF

      Class A Restaurant Space Available

      9170 SQFT restaurant space in South Medford Center.
      1445 Center 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.
    640 Mason Way
    Medford, OR 97501-1340
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!