Your AI Navigator in Commercial Real Estate
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

    510 SW Colfax Ln Madras, OR 97741

    Sponsored
    For Sale
    $2,800,000

    F - Madras, OR

    Lot size:
    16.43 Acres
    Days on Market:
    257
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 510 SW Colfax Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MUE
    APN
    1934
    Parking
    10
    Parking features
    Driveway, Gated, RV
    Interior features
    High Speed Internet, Laminate Counters
    Lot size
    16.43 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1975
    Floors in Building
    1
    Flooring type
    Hardwood, Tile, Vinyl
    Building materials
    Frame
    Roof type
    Composition, Metal
    Architectural style
    Other

    EXP REALTY LLC (888) 814-9613 [email protected]

    Listing agent E Lamar Yoder (888) 814-9613 License #201207796

    Listing date Apr 24, 2025

    MLS# 220199895 Listing URL

    Copyright © 2025 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.

    Overview

    Madras OR Land For Sale

    This 16.43-acre property is located at the corner of Colfax, US 97, and Hwy 26 in Madras, Oregon, offering a high-traffic location with an average daily vehicle count exceeding 17,000. The property is annexed into the city of Madras, with a sewer main located near the property line. Zoned MUE, the property allows for various uses, including a large retail complex, travel center, hotel, light manufacturing, or vehicle dealership. Currently used for residential purposes, the property includes a total of 3,465 square feet of structures: a 2,217-square-foot house with 5 bedrooms, 3 bathrooms, and mother-in-law quarters, and a 1,248-square-foot shop. This property presents a significant opportunity for investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Auto Repair Shop Pharmacy Wholesale Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Madras
    County
    Jefferson
    State
    Oregon
    Longitude
    -121.140035
    Latitude
    44.607489

    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
    • New
      $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
      $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
    • $1,890,000
      2,477 SF

      Productive Farm with Water Rights

      198-acre farm with water rights, updated home, and mountain views.
      1774 W Ashwood Ln, Madras, OR 97741
      View Details
    • $349,000
      0.20 Acres

      Detached Duplex with Income Potential

      Unique duplex in Madras, OR, ideal for investment or living.
      397 SE 6Th St, Madras, OR 97741
      View Details
    • New
      $5,200,000
      3.00 Acres

      Turnkey Madras Self-Storage Investment

      3-acre self-storage facility with 290 units in Madras, Oregon.
      1451 SW Olive St, Madras, OR 97741
      View Details
    • $999,000
      0.34 Acres

      Retail Building on Highway 97

      Retail building with excellent exposure on 5th Street.
      178 SW 5Th St, Madras, OR 97741
      View Details
    • $375,000
      0.48 Acres

      Highway 97 Retail Opportunity

      Retail or shop space on Highway 97 in Madras.
      84 SW K St, Madras, OR 97741
      View Details
    • $875,000
      1.19 Acres

      Highway Frontage Investment Opportunity

      Remodeled showroom and warehouse with highway frontage and MUE zoning.
      1810 Us-97, Madras, OR 97741
      View Details
    • $379,000
      2,344 SF

      Madras Commercial Property - Huge Potential

      Prime Madras location, versatile commercial space.
      270 Madison St, Madras, OR 97741
      View Details

    FAQs

    What type of property is this?
    Commercial land - 16.43 acre MUE zoned land with high traffic location.
    Where is this commercial land located?
    The property is located at 510 SW Colfax Ln Madras, OR.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - 16.43 acres of MUE zoned land offering diverse development possibilities.; - Prime corner location at Colfax, US 97, and Hwy 26 with high traffic count.; - Annexed into Madras with sewer access, streamlining development.
    (888) 814-9613
    Request Owner's contact information
    510 SW Colfax Ln 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.
    510 SW Colfax Ln
    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 Estimation

    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.

    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.

    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
    510 SW Colfax Ln 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
    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.