800 Cardley Ave Medford, OR 97504
- Office Properties & Spaces
- 13,257 SF
- 0.76 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 800 Cardley Ave
- Lot size
- 0.76 lot acres
- Property size
- 13,257 SF
- Zone code
- C-C
- Property type
- Office Properties & Spaces
- APN
- 1-0328070
- APU
- 10328070
Description
This exceptional single-tenant office building presents a compelling investment opportunity in Medford, Oregon. Located at 800 Cardley Ave, this 13,257 square foot Class B property boasts a 100% occupancy rate, secured by a net lease with the State of Oregon. Built in 1973, the single-story building sits on a 0.84-acre lot and is zoned C-C. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $191,763 in 2021, translating to a 7.00% cap rate and a price per square foot of $206.68. The asking price for the building is $2,740,000. An adjoining parking lot, also leased to the State of Oregon, is available for separate purchase at $342,000. This investment offers a stable, long-term income stream with a highly reputable tenant in a desirable location near Medford's financial center. The property's single-tenant occupancy minimizes management complexities, making it an attractive option for investors seeking a low-risk, high-return investment. The property's APN is 10328070. This is a rare opportunity to acquire a fully leased, income-producing asset in a thriving Oregon market.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $405,000
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Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.868
- Latitude
- 42.3378
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA
