Sign Up Successful!
You now have access to more from Realmo!
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

    815 Central Ave Medford, OR 97501-5873

    • Strip malls
    • 1,308 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    $225,000
    Show details
    Cap Rate Potential
    8.7%
    Strip malls
    Location Intelligence
    Property ID
    US71-0852406
    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

    • Valley Immediate Care Administration Only / Business Administration Service / Medical Billing Service
    • Gray Peter J / Nursing Agency
    • Doctor PC Inc / Computer Repair Service
    • Just Great Grooming / Pet Supply Store / Pet Groomer
    • My Urgent Care 365 / Health Consultant

    Property Details for 815 Central Ave

    Lot size
    0.03 lot acres
    Property size
    1,308 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1-0701319
    APU
    10701319

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $220,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $320,000
      6.5%
      $295,000
      7%
      $275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $158,000
      Market price range: $113k - $577k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $270,000
      Current use
      MEDICAL BUILDING
      $330,000
      Change: +22% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $235,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.879
    Latitude
    42.3331
    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
    $1,062
    $0.00
    $71,210
    $71,210
    -
    $0.00
    $83,990
    $83,990

    Comparable in this City

    • Value Estimation
      $220,000
      0.07 Acres

      1209 Ct St

      SHOPPING CENTER, STRIP CENTER • 0.07 Acres
      1209 Ct St, Medford, OR 97501-1603
      View Details
    • Value Estimation
      $880,000
      23,283 SF

      51 Stewart Ave

      SHOPPING CENTER, STRIP CENTER • 23,283 SF
      51 Stewart Ave, Medford, OR 97501-7924
      View Details
    • Value Estimation
      $365,000
      13,132 SF

      1201 Stewart Ave

      SHOPPING CENTER, STRIP CENTER • 13,132 SF
      1201 Stewart Ave, Medford, OR 97501-3960
      View Details
    • Value Estimation
      $375,000
      9,006 SF

      1211 Ct St

      SHOPPING CENTER, STRIP CENTER • 9,006 SF
      1211 Ct St, Medford, OR 97501-1603
      View Details
    • Value Estimation
      $245,000
      1,134 SF

      916 King St

      SHOPPING CENTER, STRIP CENTER • 1,134 SF
      916 King St, Medford, OR 97501-3414
      View Details
    • Value Estimation
      $310,000
      10,000 SF

      2323 Main St

      SHOPPING CENTER, STRIP CENTER • 10,000 SF
      2323 Main St, Medford, OR 97501-2161
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      644,332 SF

      Regional Mall in Medford, Oregon

      Two-level regional mall with high visibility and accessibility.
      1500-1900 N Riverside Ave, Medford, OR 97501
      View Details
    • New
      $395,000

      Medford Live Music Bar

      Live music bar and night club for sale in Medford.
      31 S Grape St, Medford, OR 97501
      View Details
    • $439,000
      1,152 SF

      Riverside Avenue Automotive Garage

      Secured lot with automotive garage near downtown Medford.
      712 N Riverside Ave, Medford, OR 97501
      View Details
    • $995,000
      10,000 SF

      Downtown Medford Retail Opportunity

      5,000 SF retail space in Medford's Central Business District.
      117 N Central Ave, Medford, OR 97501
      View Details
    • $450,000
      0.15 Acres

      Medford Commercial Property on Riverside

      High-visibility commercial property on South Riverside Avenue in Medford, Oregon.
      603 S Riverside Ave, Medford, OR 97501
      View Details
    • $1,175,000
      0.44 Acres

      Medford Investment Property For Sale

      Long-term national tenant with lease through 2028.
      925 N Central Ave, Medford, OR 97501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,985 SF

      Retail Space Near Rogue Valley

      Premier retail destination near Rogue Valley Mall.
      55 Rossanley Dr, Medford, OR 97501
      View Details
    • Contact for pricing
      3,503 SF

      Retail Space Near Rogue Valley

      Premier retail destination near Rogue Valley Mall.
      165 Rossanley Dr, Medford, OR 97501
      View Details
    • Contact for pricing
      1,322 SF

      Retail Space in Medford Center

      Retail space with recent renovations and high visibility.
      1233 Court St, Medford, OR 97501
      View Details
    • $20 SF/Yr
      39,356 SF

      Medford Retail Center: Prime Space Available

      High-traffic retail space in Medford, Oregon.
      1229 Court St, Medford, OR 97501
      View Details
    • Contact for pricing
      1 SF

      Macy's Pad, Medford Retail Space

      Prime Medford Retail Outparcel Pad
      1800 Riverside Ave, Medford, OR 97501
      View Details
    • $7 SF/Yr
      20,000 SF

      Downtown Medford Office Complex

      Prime location, multiple suites available
      34 Fir St, 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.
    815 Central Ave
    Medford, OR 97501-5873
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.