Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    9 Hawthorne St Medford, OR 97504

    • Commercial real estate
    • 2,087 SF
    • 0.11 lot acres
    For Sale
    View listing
    $375,000
    Value Estimations
    Cap Rate Potential
    8.5%
    Commercial real estate
    Location Intelligence
    Property ID
    US71-1015201
    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

    • Dance Arts Center / Dance Store / Ballet School

    Property Details for 9 Hawthorne St

    Lot size
    0.11 lot acres
    Property size
    2,087 SF
    Zone code
    C-L
    Property type
    Commercial real estate
    APN
    1-0368134
    APU
    10368134

    Description

    This exceptional commercial property at 9 Hawthorne Street in Medford, Oregon presents a unique investment opportunity. The offering encompasses two buildings situated on two separate tax lots, each spanning 0.11 acres, totaling 0.22 acres. The main structure is a substantial 2,087 square foot commercial building, previously utilized as a dance studio and retail space. Currently undergoing tenant removal, this versatile building offers significant potential for a variety of commercial uses. Adjacent to this is a 1,188 square foot, two-bedroom, one-bathroom house, also situated on a commercially zoned lot. This residential component is vacant and ready for immediate occupancy, whether as a rental property or for the owner's use. The combined property boasts a total of 3,275 square feet. Its prime location in the heart of downtown Medford, near Forage Coffee and the Medford Center, ensures high visibility and foot traffic. This central location provides excellent accessibility and exposure for any commercial venture. The property is offered at $375,000. All showings require prior arrangement. Prospective buyers are responsible for conducting their own due diligence regarding the property's condition and potential uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $360,000
      6.5%
      $330,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $257,000
      Market price range: $258k - $476k
      AI Estimate
      $153,000
      Market price range: $111k - $394k

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.868
    Latitude
    42.3283
    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
    $2,418
    $56,280
    $105,870
    $162,150
    -
    $103,550
    $102,260
    $205,810

    Comparable in this City

    • Value Estimation
      $60,000
      1,972 SF

      1100 Barnett Rd

      COMMERCIAL (GENERAL) • 1,972 SF
      1100 Barnett Rd, Medford, OR 97504-8221
      View Details
    • Value Estimation by Request
      8,104 SF

      3332 Table Rock Rd

      COMMERCIAL (GENERAL) • 8,104 SF
      3332 Table Rock Rd, Medford, OR 97504-4019
      View Details
    • Value Estimation by Request
      4,540 SF

      2033 Commerce Dr

      COMMERCIAL CONDOMINUIM • 4,540 SF
      2033 Commerce Dr, Medford, OR 97504-9744
      View Details
    • Value Estimation
      $550,000
      30,400 SF

      Airport Rd

      COMMERCIAL (GENERAL) • 30,400 SF
      Airport Rd, Medford, OR 97504
      View Details
    • Value Estimation
      $255,000
      1,450 SF

      3558 Table Rock Rd

      COMMERCIAL (GENERAL) • 1,450 SF
      3558 Table Rock Rd, Medford, OR 97504-4021
      View Details
    • Value Estimation
      $310,000
      5,185 SF

      600 Jackson St

      COMMERCIAL (GENERAL) • 5,185 SF
      600 Jackson St, Medford, OR 97504-6706
      View Details

    Similar Nearby for Sale

    • $2,995,000
      2.45 Acres

      Medford Commercial Land - 2.45 Acres

      Prime Airport Hotel Development Site
      2577 Bullock Rd, Medford, OR 97504
      View Details
    • $315,000
      0.46 Acres

      High-Exposure Medford Commercial Land

      Prime 0.46-acre commercial lot, PUD zoning.
      2200 Tower, Medford, OR 97504
      View Details
    • $1,958,240
      2.43 Acres

      Medford Commercial Land Opportunity

      2.43-acre development land, prime location.
      1020 Ellendale Dr, Medford, OR 97504
      View Details
    • $1,700,000
      37.34 Acres

      Medford, OR Commercial Land

      37-acre development opportunity in East Medford.
      0 Hillcrest Rd, Medford, OR 97504
      View Details
    • $360,000
      1,258 SF

      Medford Commercial Property: Prime Location

      Two units, remodeled, flexible layout
      1110 Jackson St, Medford, OR 97504
      View Details
    • $865,000
      4,016 SF

      Medford Office Building - Great Location

      Prime Medford office space, ample parking.
      3629 Aviation Way, Medford, OR 97504
      View Details

    Similar Nearby for Lease

    • New
      $2 SF/Yr
      162,479 SF

      Medford Commercial Space For Lease

      Centrally located commercial space with flexible layout and high visibility.
      1251 E Mcandrews Rd, Medford, OR 97504
      View Details
    • $1,400 /Mo
      Pending

      Well-Maintained Office Space Available

      Office space suitable for attorneys, therapists, counselors, chiropractors.
      812 Bennett Ave, Medford, OR 97504
      View Details
    • $65,460
      2,182 SF

      Prime Medical Office Space for Lease

      Move-in ready dental office near Providence.
      1605 Mcandrews Rd, Medford, OR 97504
      View Details
    • $15 SF/Yr
      162,647 SF

      Poplar Square Retail Opportunity

      High-traffic retail space available.
      2324 Poplar Dr, Medford, OR 97504
      View Details
    • Contact for pricing
      13,506 SF

      Retail Space Available in Medford

      Retail property with 13,506 square feet available for lease.
      930 Biddle Rd, Medford, OR 97504
      View Details
    • $1.85 SF/Yr
      162,479 SF

      Medford Commercial Suite in Marketplace

      Versatile commercial suite in high-traffic Medford retail center.
      1251 E Mcandrews Rd, Medford, OR 97504
      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.
    9 Hawthorne St
    Medford, OR 97504
    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.