717 Murphy RdMedford, OR 97504

Property Details for 717 Murphy Rd

Lot size

0.57 AC

Property size (Sq ft)

15,514 SF

Zone code

C-S/P

Property type

Office properties

Property subtype

Other office properties

APN

1-0021930

APU

10021930

Description

This exceptional 15,514-square-foot office building in Medford, Oregon, presents a unique opportunity. Located at 717 Murphy Rd, 97504, this two-story building boasts a prime location near Asante Rogue Regional Medical Center, making it ideal for medical or executive office use. Originally constructed as a law office, the building features numerous large private offices and a spacious conference room strategically positioned around the perimeter. An elevator provides convenient access to both floors. The property is currently offered as a single-tenant lease, with a minimum five-year initial term required for a full building lease. However, the owner is open to considering leasing portions of the building to suitable tenants, subject to acceptable use and lease terms. It's important to note that the previous tenant was a non-profit with a property tax exemption

• CAP approach

  CAP return

  Valuation

  6%

  $3,057,699

  6.5%

  $2,822,491

  7%

  $2,620,884

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,975,152

  Geo Method

  $3,975,152

• Alternative Use

  Use

  Valuation

  Residential

  $3,499,889

  Hospitality

  $3,205,880

  Educational

  $2,667,254

  Medical

  $2,758,985

  Retail

  $4,149,062

Location Insight

City

Medford

County

Jackson

State

Oregon

Latitude

42.3154

Longitude

-122.828

CBSA code

32780

CBSA name

MEDFORD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].