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    7350 Highway 238 Jacksonville, OR 97530
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    Property profile & analytics

    7350 Highway 238 Jacksonville, OR 97530

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    • Strip malls
    • 325 SF
    • 9.47 lot acres
    For Sale
    $800,000
    View Listing →
    Turn-Key Grocery Store Opportunity For Sale
    $800,000

    Turn-Key Grocery Store Opportunity

    Established grocery and deli with growth potential in Jacksonville, Oregon.

    7350 Hwy 238, Jacksonville, OR 97530
    View Listing
    Property ID
    US71-0738409
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 7350 Highway 238

    Lot size
    9.47 lot acres
    Property size
    325 SF
    Zone code
    RRS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1-0473815
    APU
    10473815

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Jackson
    State
    Oregon
    Longitude
    -123.037
    Latitude
    42.2404
    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
    $9,861
    $368,270
    $527,170
    $895,440
    -
    $434,270
    $621,620
    $1,055,890

    Comparable in this City

    • Value Estimation
      $2,440,000
      6,786 SF

      15100 Hwy 238

      RESTAURANT • 6,786 SF
      15100 Hwy 238, Applegate, OR 97530-9612
      View Details
    • Value Estimation by Request
      2,340 SF

      515 5th St

      FINANCIAL BUILDING • 2,340 SF
      515 5th St, Jacksonville, OR 97530-9704
      View Details
    • Value Estimation by Request
      2,492 SF

      210 California St

      BAR, TAVERN • 2,492 SF
      210 California St, Jacksonville, OR 97530-9474
      View Details
    • Value Estimation by Request
      1,020 SF

      15090 Hwy 238

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,020 SF
      15090 Hwy 238, Applegate, OR 97530-9612
      View Details
    • Value Estimation by Request
      1,160 SF

      945 5th St

      SERVICE STATION (FULL SERVICE) • 1,160 SF
      945 5th St, Jacksonville, OR 97530-9016
      View Details
    • Value Estimation by Request
      2,116 SF

      185 California St

      FINANCIAL BUILDING • 2,116 SF
      185 California St, Jacksonville, OR 97530-9451
      View Details

    Similar Nearby for Sale

    • $800,000

      Turn-Key Grocery Store Opportunity

      Established grocery and deli with growth potential in Jacksonville, Oregon.
      7350 Highway 238, Jacksonville, OR 97530
      View Details
    • $75,000

      Established Restaurant Near Britt Festival

      Turnkey Mediterranean restaurant in Jacksonville, ready to re-open.
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    • $225,000
      0.21 Acres

      Jacksonville Vacant Lot in Andrews

      Vacant 0.21-acre lot in exclusive Jacksonville subdivision.
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    • $2,500,000
      4.86 Acres

      Prime Jacksonville Land Opportunity

      Three adjoining parcels totaling 19.23 acres in Jacksonville, Oregon.
      Applegate St, Jacksonville, OR 97530
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    • $275,000
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      Jacksonville View Lot For Sale

      Buildable acreage near Downtown Jacksonville with new well and power.
      254 Juanita Way, Jacksonville, OR 97530
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    • $162,500
      135.02 Acres

      135 Acres of Timberland

      Mountain timberland with long-term investment potential in Jacksonville, Oregon.
      00 Foots Crk Rd, Jacksonville, OR 97530
      View Details

    Similar Nearby for Lease

    • $12,500 /Mo

      3375 Little Applegate Rd, Unit 3315-3375

      Turnkey Cannabis Farm + 2 Homes | Live & Operate on 34+ Acres
      3375 Little Applegate Rd, Jacksonville, OR 97530
      View Details
    • $7,500 /Mo

      3375 Little Applegate Rd

      Turnkey 29.46-Acre Grow Operation | 9 Greenhouses + Massive Production Space
      3375 Little Applegate Rd, Applegate, OR 97530
      View Details
    View Listing
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    7350 Highway 238
    Jacksonville, OR 97530
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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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