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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Distribution centers
660 Brian Way, Medford, OR 97501-6634
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0687656
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Total area
8,000 SF
Lot
0.64 ac (27,878 SF)
Zoning code
I-H
APN
1-0739838
UPID
US71-0687656
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
-
Essential 3 (Bike/Boat/Book/etc) Store Cosmetic Store
-
DAREX Production Facility Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
$955k
Comparable Approach
Comparable
$593k
Blend (final)
Blend
$850k
Owner & transaction history
Gary Henry Varney · 2 yrs held
Gary Henry Varney
since 2024
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
I-H · Medford, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+103.4%
Retail stores
$1.3M
+100.0%
Industrial (general)
$780,000
+22.5%
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
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
$1,035,000
6.5%
$955,000
7%
$885,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$635,000
Current use
AUTO REPAIR, GARAGE
$1,295,000
Change: +103% · Conversion: Easy
RETAIL STORES
$1,270,000
Change: +100% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$780,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Jan 16 2024)
Last sale anchor
$850k
Jan 16 2024
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
$106 / 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
$5,908
Tax year 2023
Assessed value
$396,110
Assessed 2023
Previous assessed
$384,580
+3.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$107,940
Assessed improvement
$288,170
Land market value
$251,190
Improvement market value
$510,170
Total market value
$761,360
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Heating
NONE
Total area
8,000 SF
Lot
0.64 ac (27,878 SF)
Zoning code
I-H
APN
1-0739838
UPID
US71-0687656
Jurisdiction
JACKSON
Zoning & alternative use
I-H · Medford, OR
Zoning I-H · permitted uses
I-H · 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
WAREHOUSE, STORAGE Current
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$780,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
0.64 ac
Current owner
From public records · entity-resolved
Gary Henry Varney
Individual
Mailing address
5596 GRIFFIN LN, MEDFORD, OR 97501-9569
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jan 16, 2024
$850,000
Gary Henry Varney
Standy Land Investments LLC
Warranty Deed
$794,500 · Standy Land Investments LLC
Aug 10, 2021
$800,000
Stan Sesar JR
The Fjarli Foundation INC
Warranty Deed
—
Jun 10, 2021
—
The Fjarli Foundation INC
Clinton Fjarli
Intrafamily Transfer
related
—
Dec 24, 2015
—
Fjarli Properties LLC
Fjarli Oregon Special Trust
Quit Claim Deed
related
—
Dec 21, 2009
—
Fjarli Family Living Trust
Fjarli,merlin W & Joann
Quit Claim Deed
related
—
Jun 14, 1990
$7,000
Merlin Fjarli
Brewer,anna G
Grant Deed
related
—
Mar 24, 1989
—
Merlin W Fjarli
Fjarli,merlin
Grant Deed
related
—
—
—
Fjarli Merlin W
—
Deed Of Trust
related
$145,000 · Us 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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