1175 Main StMedford, OR 97504

  • Office properties
  • 16,546 SF
For Lease
$16.20/SF/YR View listing

Property Details for 1175 Main St

Year built
1979
Lot size
1.08 AC
Property size (Sq ft)
16,546 SF
Zone code
C-S/P
Property type
Office properties
APN
1-0362000
APU
10362000

Description

Located at 1175 E Main St, Medford, OR 97504, Security Plaza offers exceptional executive office space. This Class A building, constructed in 1979, boasts 20,183 square feet across two stories, situated on 1.08 acres of land. The property features one elevator and a 9-foot ceiling height. Currently, 6,000 square feet of vacant space is available, divisible into units ranging from 307 to 6,000 contiguous square feet. The building comprises four total suites, allowing for flexibility in space configuration. Ample parking is provided with 76 off-street spaces. The property is zoned C-S/P and benefits from public power. Annual property taxes are $24 per square foot. Cross street access is available via Willamette Ave. This exceptional location presents a unique opportunity for businesses seeking high-quality office space in Medford, Oregon. The first floor offers approximately 6,000 square feet of readily adaptable space, allowing for customized suite sizes to meet specific business needs.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,261,061
    6.5%
    $3,010,210
    7%
    $2,795,195
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,239,582
    Geo Method
    $4,239,582
  • Alternative Use

    Use
    Valuation
    Residential
    $3,732,660
    Hospitality
    $3,419,097
    Educational
    $2,844,648
    Medical
    $2,942,480
    Retail
    $4,425,009

Location Insight

City
Medford
County
Jackson
State
Oregon
Latitude
42.3285
Longitude
-122.859
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
$29,028
$524,220
$1,422,170
$1,946,390
-
$1,147,870
$2,486,170
$3,634,040

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