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

    15 NE 7Th St Madras, OR 97741

    Sponsored
    For Sale
    $235,000

    F - Madras, OR

    Property size:
    1,000 SF
    Lot size:
    0.12 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 10 at 11:06 pm

    Property Features for 15 NE 7Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C2
    APN
    9210
    Parking
    5
    Parking features
    On Street, Parking Lot
    Size
    1,000 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Forced Air, Heat Pump (Heating)
    Cooling system
    Central Air, Heat Pump

    Building Details

    Year built
    1978
    Floors in Building
    1
    Flooring type
    Laminate
    Building materials
    Block
    Roof type
    Membrane
    Architectural style
    Other

    We can help!

    Listing Contact
    Gary Everett

    RE/MAX Key Properties (541) 728-0033

    Listing agent Gary Everett (541) 728-0033 License #850200089

    Listing date Feb 9, 2026

    MLS# 220215019 Listing URL

    Copyright © 2026 MLS of Central Oregon. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Madras Commercial Building with Possibilities

    This affordable small commercial building is located in NE Madras. The property is zoned C2, offering urban renewal district possibilities. Permitted uses include commercial, live-work home, residential, and apartment options. The 40 X 25 block constructed building is situated on a corner lot and features ADA sidewalk improvements. It is located across from a large community park and only 2 blocks from main street. The building includes 4 offices, a large reception area, a half bath, and a storage room. All utilities are available. The property is suitable as an income investment or for personal use. The lot size is 0.12 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madras
    County
    Jefferson
    State
    Oregon
    Longitude
    -121.127233
    Latitude
    44.636102

    Nearby Similar for Sale

    • $1,100,000
      2,996 SF

      Pivot-Irrigated Farm with Mountain Views

      35-acre farm with updated home and outbuildings near town.
      547 SW Bear Dr, Madras, OR 97741
      View Details
    • $875,000
      1.19 Acres

      Madras Commercial Property on US-97

      Highway frontage, remodeled offices, showroom, and warehouse with MUE zoning.
      1810 Us-97, Madras, OR 97741
      View Details
    • $599,000
      0.30 Acres

      Well-Maintained Duplex with Sunset Views

      Investment opportunity: duplex with mountain views, updated finishes, fenced yard.
      76 SE Hoff Ln, Madras, OR 97741
      View Details
    • New
      $599,900
      0.19 Acres

      New Madras Duplex with Views

      New construction duplex in Madras, OR with mountain and valley views.
      900 SE Starview Ave, Madras, OR 97741
      View Details
    • $2,400,000
      1.22 Acres

      Central Oregon Commercial Property For Sale

      Turn-key gas station, convenience store, and pub opportunity.
      268 N 5Th St, Madras, OR 97741
      View Details
    • New
      $595,900
      0.17 Acres

      New Duplex in Madras, Oregon

      New construction duplex in Madras, Oregon with mountain and valley views.
      918 SE Starview Ave, Madras, OR 97741
      View Details
    • $1,790,000
      2,477 SF

      Productive Farm with Water Rights

      198-acre farm with water rights and Cascade Mountain views.
      1774 W Ashwood Ln, Madras, OR 97741
      View Details
    • New
      $545,900
      0.17 Acres

      New Duplex in Madras, Oregon

      New construction duplex in Madras, Oregon with mountain and valley views.
      925 SE Starview Ave, Madras, OR 97741
      View Details
    • New
      $549,900
      0.21 Acres

      New Duplex in Madras, Oregon

      New construction duplex in Madras, Oregon with mountain and valley views.
      891 SE Starview Ave, Madras, OR 97741
      View Details
    • $899,000
      0.34 Acres

      Retail Building in Madras, Oregon

      Retail building with excellent exposure on 5th Street and Highway 97.
      178 S 5Th St, Madras, OR 97741
      View Details
    • $320,000
      1,782 SF

      Detached Duplex in Madras, Oregon

      Unique duplex with two homes on one lot in Madras.
      397 SE 6Th St, Madras, OR 97741
      View Details
    • $4,900,000
      51,675 SF

      Turnkey Self-Storage Investment Opportunity

      Self-storage facility with 290 units in a growing market.
      1451 SW Olive St, Madras, OR 97741
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Affordable commercial building in NE Madras with C2 zoning.
    Where is this mixed-use property located?
    The property is located at 15 NE 7Th St Madras, OR.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: - Affordable commercial building with C2 zoning.; - Versatile zoning for commercial, live/work, residential, or apartment use.; - Corner lot location across from a large community park with ADA sidewalk improvements.
    (541) 728-0033
    Request Owner's contact information
    15 NE 7Th St Madras, OR 97741
    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.
    15 NE 7Th St
    Madras, OR 97741
    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
    15 NE 7Th St Madras, OR 97741
    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

    We can help!
    Listing Contact
    Gary Everett
    Real Estate License ID: 850200089
    (541) 728-0033
    Learn more
    Google sign-in failed. Please try again or use another login method.