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Property profile & analytics
FOR SALE
Office Spaces
717 Murphy Rd, Medford, OR 97504
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-1845172
For Sale
1 / 10
$2,900,000
717 Murphy Rd, Medford, OR 97504
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Property summary
AI-generated overview
This exceptional 15,514-square-foot office building in Medford, Oregon, presents a unique opportunity. Located at 717 Murphy Rd, 97504, this two-story building boasts a prime location near Asante Rogue Regional Medical Center, making it ideal for medical or executive office use. Originally constructed as a law office, the building features numerous large private offices and a spacious conference room strategically positioned around the perimeter. An elevator provides convenient access to both floors. The property is currently offered as a single-tenant lease, with a minimum five-year initial term required for a full building lease. However, the owner is open to considering leasing portions of the building to suitable tenants, subject to acceptable use and lease terms. It's important to note that the previous tenant was a non-profit with a property tax exemption
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Total area
15,514 SF
Lot
0.57 ac (24,829 SF)
Zoning code
C-S/P
APN
1-0021930
UPID
US71-1845172
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
-
Bloom Benjamin M Law Firm
-
Cowling Robert L Law Firm
-
Ingalls P David Law Firm
-
Stamper Adam T Law Firm
-
Visser Jesse A Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.47M
Comparable Approach
Comparable
$3.00M
Blend (final)
Blend
$2.55M
Owner & transaction history
Rogue Law LLC · 9 yrs held
Rogue Law LLC
since 2016
6 recorded transactions
Zoning & alternative use
C-S/P · Medford, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+58.5%
Medical building
$3.9M
+48.3%
Neighborhood: shopping center
$3.2M
+21.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,675,000
6.5%
$2,470,000
7%
$2,295,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,640,000
Current use
RESTAURANT
$4,190,000
Change: +59% · Conversion: Difficult
MEDICAL BUILDING
$3,915,000
Change: +48% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,220,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,510,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$2,465,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$2.55M
Range $2.29M – $2.80M · ±10%
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
$164 / 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
$34,272
Tax year 2023
Assessed value
$2,295,560
Assessed 2023
Previous assessed
$2,228,700
+3.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$533,010
Assessed improvement
$1,762,550
Land market value
$824,520
Improvement market value
$2,726,510
Total market value
$3,551,030
Applied tax rate
407.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Heating
NONE
Total area
15,514 SF
Lot
0.57 ac (24,829 SF)
Zoning code
C-S/P
APN
1-0021930
UPID
US71-1845172
Jurisdiction
JACKSON
Zoning & alternative use
C-S/P · Medford, OR
Zoning C-S/P · permitted uses
C-S/P · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.6M
RESTAURANT
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RETAIL STORES
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
Rogue Law LLC
Entity
Free & Clear · 9 yrs held
Mailing address
671 MORTON ST, ASHLAND, OR 97520-3144
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2016
—
Rogue Law LLC
Living Opportunities INC
Quit Claim Deed
related
—
May 17, 1999
$1,000,000
Security Square LLC
Cowling,robert L
Grant Deed
related
$850,000 · Valley Of The Rogue Bank
Dec 9, 1998
$35,000
Robert L Cowling
Cowling,robert L & Jean B
Grant Deed
related
—
Aug 3, 1994
$130,000
Robert L Cowling
Rogue Vlly Physicians Serv
Grant Deed
related
—
—
—
Rogue Law LLC
—
Deed Of Trust
related
$1,387,500 · Bank Of Southern Oregon
—
—
Rogue Law LLC
—
Deed Of Trust
related
$600,000 · Bank Of Southern Oregon
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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